Just a few days after launching its ICO, EOS has just broken the highest record of participatory financing in history: at the time of publication, about 758,000 ethers have been spent on more than 208 million EOS Tokens, the equivalent of 175 million euros. A record that is not definitive as the sale will continue for 332 more days, ie 346 unique investment rounds of a period of 23 hours, capped at two million units issued.
It is an original model of ICO, in the style of AngelShares, which tries to solve some of the problems recently raised by the community: excessive power of large investors compared to small, and the rise of blockchain Of Ethereum, due to these fundraisers.
The EOS project
Like Ethereum, EOS is a new blockchain architecture for the development of decentralized applications. It is based on DPoS (evidence of delegated stake), whose inventor is none other than Daniel Larimer, CTO of BlockOne and leader of this new project. Dan Larimer is also the creator of BitShares and Steemit. The phenomenal craze around his new venture, beyond his ambition (to compete with Ethereum), comes from the confidence that the public gives to this developer considered one of the brightest brains in the blockchain ecosystem.
The EOS project aims to solve the problem of the scalability of blockchains and their maintenance costs before Ethereum. The objectives are:
Capacity of the blockchain to support millions of users simultaneously, Free use, Easy forks and bugflexibility, Low latency, Blockchain's ability to optimize computational load so as to sequence and parallelize tasks.
Proof of Delegated Issue (DPoS)
Explaining in detail how this decentralized consensus model works is beyond the scope of this article. To simplify :
Dan Larimer is the creator of these protocols, known to be the fastest available. The fundamental idea behind delegated stakeholder proof is to entrust the control of the protocol to the shareholders, that is, to the holders of the token. This architecture allows to maximize the dividends of the latter as well as decentralization, performance and network security, while minimizing its management costs