RE: Absolute beginner's primer on bid bots
The technical white paper re-defines TCP/IP, Huffman coding, partiy checks, Various cryto-algorithms, some of the classic mathematical problems are explained in 2 pages, graph theory basics are also re-stated
< To perform smart contracts, the Java Virtual Machine is used (hereinafter referred to as JVM supplied
under a freely distributed license with the platform software).>
I am not sure JVM, either OpenJDK or Oracle JVM can be distributed - need to cross check. In anycase this is something that need not be specified.
- < Any request is sent using the POST method, which
makes it possible to increase the reliability of the transmitted data, than in case of public transmission
through the GET method.>
Sounds like a line adapted from a first year CS101 assignment where the assignment was "why do you think you need to take CS101"
- Java also redefined - and wrongly as an interpreted language
I need to re-read the document after removing all the redefintions of basic computer science terms to make any comment.
the white reviews are at the same time good - the white paper definitely has ideas which can be implemented. (The exact idea conveyed by the coloumbia reviewers)
The product is well marketed, entities are registered etc and irrespective of the technical supremacy, there is all possibility of success.
Now considering Graphene's proof with GOLOS, STEEM, YOYOW, Bitshares etc, anyone that claims to be faster than EOS should be better prove that first.
eg:- Filecoin guys have proven their mettle with IPFS.
Thanks for all the info. I also saw them making few incorrect statements on EOS. Maybe the whitepaper was made before certain announcements or they just didn't do enough research. I like the fact that they have a focus on Financial industry instead of tackling everything and Singapore is a perfect place for the job. I think their speed claims are nothing more than a edge case scenario.
If the focus is on the Financial markets the real competition is with XRP and XLM and it's possible to win that market. I only skimmed through the technical paper as I don't understand it well. I read their Medium blogs and Credits do have a bunch of clever concepts.
EOS has 1 million Tx shared among every type of DAPP. So a blockchain with similar amount of Tx capacity but with a focus can do really excellent as it can guarantee zero congestion for a long time.
It was @devrim who told me about the project. Let's hope for the best.