EOS io the future of blochchain ?
This post will be especially for developers, entrepreneurs, people from FinTech, game developers and anyone interested in new technologies.
As you know, Blockchain is currently on the lips of everyone and maybe it was more so in 2017 when the market recorded huge increases. In 2018 most of the inexperienced ppl suffered a loss. The market has fallen sharply and now is at attractive levels for purchase.
I hope that this post will inspire some of you to further explore.
I am currently looking for my path and it so happened that I got interested in blockchain tech for a few years now. And if you start digging deeper you will notice that all technologies is currently on the verge of mass adoption. Not many people know that projects such as Ethereum has a marginal number of users, although it has the largest number of developers who work on it and big hype around it. This is a platform for smart contracts, which has been on the market for 3 years, has development plans, but its architecture will not allow the average user to use blockchain, among other things, because the end user has to pay for transactions. I can not imagine that having internet for free will want to pay every time he wants to do something in what application (cognitive costs). Apart from the fact that this platform processes a pair of transactions per second and accelerating this is a long process. And it can be compared with connecting to the internet through a modem.
All of these challenges will be met by the EOS platform, which has been operating for half a year and already exceeds other platforms in terms of use.
EOS is able to handle a massive number of transactions, has no fees and the ultimate goal and vision of this platform is mass adoption and the ability to interact with the application in the same way as we use a regular website.
In my opinion, Its creator, Dan Larimer is a genius when it comes to system thinking and the synthesis of many fields of knowledge such as computer science, economics, game theory, psychology, etc. Strong yellow stage in the spiral dynamic model. Even if you are not interested in building a blockchain, I recommend that you familiarize yourself with its thinking and, for example, explore a topic such as URI something like Universal Basic Income:
https://medium.com/@bytemaster/universal-resource-inheritance-505e7ca4d048
Dan Larimer is the creator of the DPOS algorithm, in which the holders of tokens determine the direction of the network. Modifications to his algorithm have also been implemented in other projects.
Governance in decentralized networks is a vast philosophical problem and pdos solution is in my opinion the most effective solution at present.
Blockchain allows a new business model, so-called DAO or DAC
In a year time, the company block.one (a company responded for creating the eos protocol), collected $ 4 billions (yes billions not millions $) from the sale of tokens that make up the proportionate use of CPU and NET networks. To later allocate this capital for the construction of an application on the EOS protocol. Other algorithms, for example, burn money for electricity and are ineffective. A block.one created a brilliant closed self-contained loop.
Last year, the strategic investor in the block.one was Piter Thiel.
Co-creator of PayPal and the first investor in a facebook. A block.one is currently working on a social media platform. the author of the book: From To Zero which is about investing in unique products which don’t have real competition on the market. All of the pieces of the puzzles make up one whole.
When other projects release workers, the block.one company employs developers and has to transform from startup into corporations employing world-class C-suite.
They also created EOS Venture Capital (1 billion $) to finance other projects that they want to build on EOS software.
For example, former Activision and Blizzard employees, created a MMythicalGames company that will build games on EOS. Games that will allow you to acquire or buy unique items that you can trade. This will create the entire additional branch of earning opportunities by playing games.
I think that some of you realize what you can do with smart contacts.
To illustrate what is possible, I will give an example of the Uber company, from which the central organization is replaced with a decentralized contract that corresponds to the links of drivers and passengers and we reduce margins from 35% to 5% and settle in a token that represents the company's property and gains in value because the number of users it grows organically. Project started tests in Canada. Can you imagine it?
Eva project :
Eva project :
Or decentralized Wikipedia in which you get pay in IQ tokens for adding content.
Or bank to which if you define money you get tokens that entitle you to some of the company's profits and the other 50% to environmental organizations.
There is a series of hackathons around the world encouraging construction on the eos protocol.
https://www.youtube.com/channel/UCbc7vIgwb-sPSckU0FbWmRg
The entire Eos protocol is open source in C++. Another private chains are created on the open source software. For example, company OPSkins company has created an exchange WAX exchange of virtual assets where you trades skins for Counter Strike game and this platform has millions of current users. Its all build on eos.io software.
I encourage you to explore the topic. For every sentence that is above I could write for hours but this post is not for doing a job for you but to inspire some of you to dig deeper in the subject. Blockchain will change the world and we are on the verge of this change. It's been 10 years since the creation of the blockchain and in 2019 we will have the first Netscape moment of blockchain. Dapps with 1 million + users are on the way. I recommend that you also take interest in other project like tron, ardor, ada, ethereum and other protocols to make conscious the choice of the best technology you would like to build on. This is the best moment to join the ecosystem.