The release of EOS is just around the corner.
For more than a year, the entire blockchain world awaited the revolutionary project from the mind of @dan Larimer. This will be the 3rd brainchild from the blockchain genius after Bitshares and STEEM. Touted as the world's computer, EOS is not only a blockchain but an operating system. The possibilities of this are enormous.
Since @dan moved on from Bitshares, he left that ecosystem in the hands of his dad, @stan. Affectionately dubbed the "Godfather of Bitshares", @stan is the leading proponent of the blockchain often acting as the voice for the community. While he is very upfront that it is a community, and not he, who make the decisions, many still look to him for what is going on.
Make no mistake, @stan is not sitting in a rocking chair like a grandfather babysitting his grandchild. In fact, @stan might just have transformed the entire blockchain industry.
The world was correct to look at Larimer, they just were paying attention to the wrong one.
I guess the old man did not teach his son everything he knew.
Enter BENCH.
This is a new layer of integration that is going to provide interoperability to blockchains around the world.
Designed to utilize the best assets from both Bitshares and EOS, it makes everything on each blockchain interact. In addition, this allows for cross blockchain development. Read that sentence again. BENCH allows for cross blockchain development.
This is an industry changing moment.
Another feature is that a blockchain can be released with a "single line of code". Can you see the possibilities from having the ability of launching a blockchain in a matter of seconds? That will be possible.
The way this entire situation was explained, each blockchain will be separate except that they will all look the same when in the middle of it. For example, an application that makes sense is a wallet with tokens from different blockchains. The wallet is actually interacting with 5 (using 5 tokens as an example) different blockchain yet from inside the application, one is none the wiser. The wallet chooses whatever blockchain is needed to conduct the transactions.
The cryptocurrency on BENCH is bitshares. This is going to be a multi-layered chain.
From what I can understand, it unfolds as such....
Application
Bitshares
EOS
BENCH
@michaelx wrote a good article on Medium about this topic.
https://medium.com/@michaelx777/bench-promises-a-more-free-more-connected-future-8ca4c8d74770
We are going to see a testnet open in the next month. It sounds like this can really move rapidly. @stan believes we can see this all happening in the next 5-10 months.
In my mind, this has the probability of bringing blockchain to the mainstream. Suddenly, we are not going to worry about the drawbacks of any single blockchain. Yes, those applications that are on it will experience the limitations regardless of what happens. Without scaling, a blockchain can only handle so much. However, outside that, once it enters the "BENCH Network" it will operate according to the technical capabilities of that blockchain.
One aside about speed...Bitshares is reported to have the ability to transact 100K per second...EOS 1M t/s.
Over the next month, we could see the technology that changes the industry. However, as much publicity that EOS is getting, it might just be BENCH that truly alters the course of the blockchain world.
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