EOS Development Beginners Guide (Wallets, Usernames, Compiling, Contracts)
Even HODLing EOS for almost a year now, reading the white paper, doing videos about EOS, consuming as much information about EOS as I can, and running the DAWN 3.x version of the testnet it wasn't until recently that I realized the block time for EOS is 0.5s. To put that into perspective the STEEM blockchain produces a new block every 3 seconds so if things didn't run into latency issues then the EOS blockchain will have 6 times the transaction capacity that the STEEM blockchain has currently and STEEM and BitShares are nowhere near total utilization. That is pretty insane to think about!
In the end I think Ethereum will still be a main artery in the crypto space but EOS will become the backbone. I believe there will be one main implementation of the EOS software and Block.one will become like the Linux Kernel Developers working on the base implementation. Then there will be the one main chain that will launch and a couple other competitors who will potentially brand it slightly different and make different decisions overtime.
There is a lot of FUD surrounding EOS right now. Some of it is out of fear from Ethereum investors and part of it is just people uneasy about the wording of the disclaimers from Block.One. They are just covering their asses so no government entity can point at them as the root of the problem and try to smash them.
Here is the YouTube version as well.
▶️ DTube
▶️ IPFS
Dude, I miss people spreading the benefits of EOS right now. GOOD WORK!
It hasn't been easy. The FUD is raining hard right now but if people just take a step back and realize how unreal this thing is going to be.
The FUD is mainly coming from non technical people who are extreme Ethereum fan boys. Suddenly they will realize that when EOS launches the mainnet and Ethereum hasn't scaled that things will suddenly change fast. It will be like trying to catch up to a comet.
@brianphobos
today i've heard that Ethereum can be considered 'security' which would probably bring the value heavily down . do you have any view on this issue/
Well I feel that it could have potentially been considered an unlicensed security when they did their crowdsale in 2014 but I don't feel like it could be considered a security now. Lots of ERC20 tokens that are Ethereum smart contracts could be considered securities but in my opinion I feel like Ethereum itself is out of the woods.
thank you for taking the time to reply.
i hope that regulators will see things the same way the way you do
yours
piotr
EOS looks very promising. Also today I read that Vitalik B offered some input to EOS on Github. That's a great luminary in Cryptos (Vitalik) joining another great luminary in cryptos (Dan L). The end product should be incredible.
That would be amazing if they could give each other input on their projects so both could become greater. In basketball you don't get better running with scrub competition. I think as things advance both could become better than they would have been before.
I agree. Cryptos are still in their infancy. There should be tremendous growth over the next few years.
I don't know anything about the FUD, but I've been putting all my crypto investments into EOS lately. I bought up a few when I saw the price hit $6 and don't regret that, so I actually don't mind seeing the price drop lately. I do regret not taking part in the ICO, but hey, at least I've got some now. I'm keen to get as much as I can before it goes the way ETH did.
The ICO is still going on. It was basically a year long and will end when June hits and the Mainnet launches.
The way the prices have been getting beat around with crypto is pretty unreal though. Hopefully once the Mainnet launches it will just go parabolic straight to $100
i also finally decided to invest in eos
thx for interesting update
easy read. upvoted and followed