Countdown.
Release of the next DPOS family member.
3rd of june.
A new relative of Bitshares and Steem will go live on mainnet in a few days. It is a kind of Ethereum blockchain that will run smart contracts. It uses Delegated Proof Of Stake {DPOS} to add blocks at a very high speed to its blockchain. Where Bitshares and Steem do it at a countdown of 3-2-1-done, EOS is supposed to produce a block every half a second. For this to function blockproducers will do a couple of rounds before the next takes over.
EOS is supposed to be able to even more transactions in a second than banks do. And even then is still able to scale. Because it can add multiple computers in local clouds to handle transactions, in theory. The smart contracts on the EOS blockchain use the standard WASM {Web Assembler} language to achieve high speed. Where developers can enjoy their favorite programming language while it compiles into WASM.
Last minute stress.
There is a bug-bounty-hunt, to be sure to get EOS out on time and to have it work as it should right out ofc the box. Of course that added power to the beating stick of the anti-EOS movement. And that fueled the gossip train some more. Yet, as with everything else, it can be summerized as: haters will be haters. There will be a lot of eyes watching the first baby steps of EOS, both from nay and aye sayers. Ready to battle to proof each other wrong.
Things like no transaction fees do tend to add fuel to any discussion. You and me, being Steem members, know all about it, and can claim that it does work that way. Just as there is still a discussion on social media about blockchain technology not being able to compete with even credit- and debtcard transactions. Well, to those who deny the excistence of DPOS blockchains that is. But it is tough to explain to them that things moved on since the stone-age where only things like bigger blocks were important.
The price?
Market wise the mainnet activation of EOS might be at a bad time, at first glance. It could be expected to pump first, where speculaters then shortly after that will dump. This is part of the game. So I guess it will take a few weeks to see a more clear price developement. For those who seriously want to use EOS will keep it as their stake in the system. Steem members will understand how this is important.
As things evolve, more projects launch and excisting ones become popular I expect EOS to move into the top 3 on the market. It could even be the one to dethrone Bitcoin {BTC} in 2018. If it can deliver the promise, so no pressure. But remember to only invest in cryptos what you are willing and able to lose.
DPOS for the win.
Every few days I do check Blocktivity dot info. And from that view I can conclude that Delegated Proof Of Stake {DPOS} blockchain technology rules. Steem is the absolute number one, Bitshares a lot of times at second. Bitcoin {BTC} is at spot 4 most of the time, doing about 10% of the transactions that Steem does in one day. Now the stone-age big blocks rip off BCH gets beaten with double numbers by Dogecoin. And has a hard time staying in front of zCash.
Never mind that though, as it is clear that the only blockchain technology that can pump out those hugetransactions in a day without even blinking is DPOS. And it is to be expected that EOS will be in the top 3 of that list soon too. Could it beat Steem? We will see, because Steem has still a booster to come, called Smart Media Tokens {SMT}. No matter what though it is clear DPOS is in for the win.
Good for Bitshares and Steem?
Yes, I think that EOS will also move attention to its relatives, Bitshares and Steem. And that will attract investments too. It will raise demand for BItshares and Steem on the market. This happening in a time where I expect a severe purge in the Cryptos market this could mean a strong value gain for Bitshares, Steem and EOS. But I have to admit, some crystal ball watching is involved here.
Nothing is certain and things do not always evolve in a logical way. The times ahead sure will be exciting though.
May the Cryptos be with us!
A new dawn is comming soon.
Photo cc-by-sa @oaldamster.