Hello fellow Steemians!
EOS is an American project building a smart contract blockchain platform, on which transactions will be free. EOS will soon run the main-net and start using it. It is therefore worth seeing.
Problem solving
EOS will work on a large operating system with the possibility of both horizontal and vertical scaling of decentralized applications. EOS developers provide the ability to create user accounts, use database, asynchronous communications, and more. Decentralized applications can run on multiple CPUs or clusters as needed. EOS promises scalability in millions of transactions per second.
EOS believes application developers need to offer their applications for free and free of charge. Current web services and applications are mostly free of charge and users are not used to paying for Facebook or e-mail. EOS will not pay for the transaction.
EOS promises fast, orderly seconds, transaction and evaluation of smart contracts (actions in EOS terminology). Just this way, the blockchain platform can compete with centralized services. EOS enables computer-intensive applications to handle parallel workflows, ie to lay out individual tasks on multiple computers.
Use
EOS will allow developers to create and operate decentralized applications that they can run for free. Just buy EOS tokens, which must then be locked in order to get the right to consume computing resources.
EOS will provide a private evaluation of the blockchain status. If someone is running an exchange office, they do not care about the status of another social networking application. EOS allows computers (full nodes) to check the status of only selected applications. This will make the update faster for users. It limits the amount of data that needs to be transferred.
EOS has already released SDK, which looks quite usable. Developers can write and test their decentralized applications right now (I've also seen classes on how to write EOS applications). After starting the mainnet, the first application may soon appear. The C ++ is used in the SDK.
Economic model
Each blockchain consumes some computer resources, which is a financial burden that must be compensated for by computer operators. EOS identifies the following costs:
- disk storage
- Network data transmission
- Computational Power (CPU)
- temporary storage (RAM)
Block Producers provide their resources to individual applications based on the amount of EOS tokens they hold. The amount of tokens is reflected by the percentage of resources that can be consumed by the accounts. The account closes a 3 day contract for resources according to the number of tokens. For example, if an application developer holds 1% of all EOS tokens, he is eligible for 1% of all resources. Unused capacity can not be transferred to the future.
To extract a new block, EOS authentication computers receive tokens. Each year, up to 5% of new EOS tokens will be created for this purpose (the exact number will be counted as needed). So the number of EOS tokens will grow, which will affect the price.
Currently, a maximum of 900 million tokens are listed on the coinmarketcap.
ICO details
EOS had a classic ICO in 2017, in which it chose $ 180 million. However, this was only the first part of the token distribution. Another has been running for almost a year and is still running. EOS has already picked one billion dollars, which is really a lot. Some sources say the EOS is a money laundering machine.
Roadmap
I did not find a roadmap on the official site. You can find older ones, but they may not be relevant. According to the old one, sometime in the spring of 2018, documentation and network testing should be written. Sometime in summer and autumn, parallelization should be done. She did not follow the roadmap.
The only certainty is to run the mainnet. Deduction runs here https://eoscountdown.com/.
Conclusion
I recommend considering investing in EOS. Given the current cost, think carefully and plan this investment. Just explore the EOS economic model yourself and consider its potential. The number of speculators and hype will be big, so the price can grow. However, it is not clear whether the economic model of EOS is also recording long-term growth.
!!! I'm not a financial adviser, and this post serves as a good coin review. Before investing, do your own research. Do not invest in the blind, based on "someone said" !!!
Paulinho