EOS

in Tron Fan Club7 months ago
ASSALAMU'ALAIKUM

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EOS

EOS is a software platform with a basic architecture, designed to allow for vertical and horizontal scaling, a decentralized platform that can be adopted by all software developed by developers.

EOS can enable large scale, so that millions of transactions can be processed every second, transaction fees are cheaper, or close to zero, so that efficiency in the use of Blockchain can be achieved.

By having DPoS capable of fixing bug changes and rollbacks with super majority consensus, EOS is a Blockchain-based decentralized system that supports all commercial-scale decentralized applications, and can be used on Web or Mobile based applications.

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Advantages of EOS
Fast transaction:
  • Featuring a larger transaction capacity compared to ETH, EOS is capable of processing 3000 transactions per second. the main advantage offered by EOS, while ETH is only 15 transactions per second.
For investment:
  • EOS can also be a reliable investment, and EOS offers security in investment.
Avoid counterfeiting money:
  • The problem with using paper money or cards is that they are prone to theft and counterfeiting. Technically in the digital world, there is a term (double spend), which means that by using the same money, users make transactions for two different things. Blockchain schemes in crypto currencies do not allow this to happen.
Disadvantages of EOS:
  • Confirmation of data blocks that occur on the blockchain network requires agreement from the parties on the blockchain network, so it takes longer than the main authority, the main authority may only be a matter of seconds, but the blockchain network takes 1 minute, up to 10 minutes, or maybe up to a matter of days, it also depends on the speed and capacity of the network.
Difficult to manage:
  • The decentralized nature makes the parties in the blockchain network scattered in various parts of the world and of course are different parties, if the network requires renewal or technological development, renewal cannot occur as a whole, because this is related to soft fork on the blockchain network.
Irrevocable transactions:
  • Since this blockchain is a decentralized platform, every transaction will be recorded in a digital ledger on every computer that owns it, this will be a problem as to why transactions cannot be reversed, but it is very different from traditional systems in banks which allow to cancel transactions if something goes wrong.

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@dani0661

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Such a very beautiful article. Your post is so educative to learn....

You have shared a lot of detailed information on EOS, appreciate the fact the make millions transactions to be processed faster indeed that's a wonderful feature, thanks for sharing.

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