Yet, another ICO coming out this weekend. EOS is a blockchain operating system, designed to support commercial decentralized applications.
Brendan Blumer, CEO of block.one, the open source software and blockchain company developing EOS said:
“To ensure inclusivity, EOS are not sold for a fixed price, but sold at a price determined by market demand; this mimics mining but does not offer unfair advantages to large purchasers.”
EOS is designed to have the same look and feel of their support distributed applications and would eliminate the requirement for the end user to pay for each transaction.
EOS is being designed to support distributed applications that have the same look and feel of their centralized counterparts, which include eliminating the requirement for the user to pay for every transaction.
This new blockchain will allow users to navigate the complex process of buying cryptocurrency. In addition, these application can be built, run and manage by EOS' operating system, similar to Ethereum's smart contract.
Here are some information from EOS' white paper.
Abstract: The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.
