Forgive my ignorance, what is EOS?
EOS is a blockchain platform similar to Ethereum, however, it uses the delegated proof-of-stake (DPOS) for decentralized applications (dApps). It is the brain child of Daniel Larimer.
EOS emulates most of the attributes of a real computer: hardware (CPU + GPU) for processing, memory (local/ RAM/ HDD) for storage and software, distributed equally among EOS holders.
Why Should I Consider Looking at EOS?
Here are the the reasons I think you should invest in EOS
Full-fledged dApps: Generally, dApps utilize smart contracts to power themselves. However, EOS uses dApp transactions which are more efficient than smart contracts.
No transaction Fee: Operations or services can be done without any associated costs. However, the block-producer model is used for dApps services charges.
Governance Structure: EOS uses a voting system model to ensure flexibility thereby facilitating rule(s) modification.
Developers Haven: Developers can seamlessly use web toolkit, database schemes, and other functions in developing dApps on the platform.
Easy hard forks with fewer risks: When conflict arise, it has a mechanism in place by which block producers will free the platform until the conflict is resolved so that something similar to ETH-ETC scenario will not arise
Ok! What's Next?
I will like to a say a very big thank you for taking time out to read up my write-up (pun not intended) despite your busy schedule.
Please watch out for my next post, I will writing on how to get a free EOS account!
Thank You For Reading!
I Read and Appreciate All Comments!
