EOS is not the first payment blockchain , it's not the first smart contract blockchain, it's not the first DApps blockchain , yet it's the king of the blockchains.
Graphene and Bitshares the two most available blockchains when it comes to DApps creation have amazing and great throughput for the business but are definitely not suitable for smart contract operations.
Ethereum blockchain was clearly the most obvious choice when it comes to smart contract capabilities but its low transaction and gas price was a major issue.
What makes the EOS blockchain the king of the blockchains?
EOS is the king of the blockchains because of one word; SCALABILTY
EOS combines the high throughput of the Graphene and Bitshares technology with the smart contract usability of the Ethereum blockchain to create a scalable blockchain that is set to revolutionized the blockchain technology space.
EOS introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved through an operating ecosystem construct upon which decentralized applications can be built. The EOS blockchain provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and clusters. The resulting technology is a blockchain architecture that has the capability to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. To read more about the EOS project you can visit the whitepaper here: https://whitepaperdatabase.com/eos-whitepaper/
Remember that one of the biggest problems that blockchain technology is facing is scalabilty.
From my research findings, on average Bitcoin blockchain processes about 7 payment transactions per second, which makes it pretty slow compared to the Ethereum blockchain which processes about 17 transactions per second and Ripple which processes about 1,500 per second.
One of the reasons why many blockchains based applications can’t manage many transactions per second is because each and every node of the network must come to a consensus for transaction to process.
EOS blockchain with the help of the distributed proof-of-stake consensus mechanism (DPOS), can easily process millions transactions per second. Wow! This is very incredible. No wonder many people call EOS the Ethereum killer.
However for any DApp project to be successful it require the following features;
- Massive Adoption
- Free usage
- Easy upgradability
- Low latency
That is what the EOS blockchain has come to deliver to us in this 21st century, however what we needed to on our part is to spread the gospel through the different social media we have including http://trybe.one/ref/7562/, one of the best and innovative paying decentralized social media that trending now in the internet.
The EOS blockchain project is led by a team of experts who consist of block developers, advisers, blockchains consultants, engineers and marketing consultants. Members of the team include powerful people like; Brendan Blumer, Daniel Larimer, Ian Grigg and Brock Pierce.
With this synergy they can deal with any challenge that will arise during the course of executing the project. We wish the team success for this great endeavour. Thanks
For further information visit;
Website: https://eos.io/
Whitepaper: https://whitepaperdatabase.com/eos-whitepaper/
Telegram: https://web.telegram.org/#/im?p=@EOSproject
Facebook: https://www.facebook.com/eosblockchain
Twitter: https://twitter.com/eos_io?lang=en
My Trybe profile: https://trybe.one/members/hiddencash/
EOS Account Name: Cryptomagnet