EOS review
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BitShares, Steemit, and now EOS
Although he didn't do it alone, it seems that Dan has a thing for wanting to change and elevate our expectations for how certain systems can work.
The creation of BitShares showed us how to connect the idea of an exchange with that of an entire ecosystem fit for the utility of cryptocurrency.
Steemit helps everyone but especially the non techies to realize their own potential for an alternative means of income and very cleverly introduces people to the blockchain.
Now it's time to understand the implications of EOS.
There’s at least one common theme that I’ve recognized which runs among the projects developed by Dan Larimer and his team, it is ease of use.
It is in this way that I can see a real parallel with EOS and the company Apple, how it focuses on the end user experience and formulates the technology to accommodate it’s customers.
From my understanding, Dan has a vision to build a blockchain for smart contracts that will act as a hosting environment for decentralized applications. These Dapps could then be built by anyone and they wouldn’t need permission to launch them on the EOS platform.
The general sense of the benefits that EOS is promising to provide include ease of use, faster transactions with zero fees.
It’s been labeled as the “Ethereum Killer” and Dan has stated in an interview with Jeff Berwick that “it is designed to deliver on Ethereum’s promises”
That to me is a ballsy statement and I’ve got to admit that I like seeing him speak about this new platform with such confidence.
No matter how much I'd like to be 100% on board with this topic I really feel the need to express a few of my concerns, don't worry, there isn't many and I'm sure they will be reconciled as this project progresses.
I would be remiss if I didn’t apply the critical analysis questions that I’ve spoken about many times in past videos to this new project called EOS. The main concern that I’ve had since I first learned about EOS was the fact that they are distributing their tokens before having a viable product that is ready to be released. It’s the question of how much is being promised for the future and how much is proven to be accomplished to date. I’ve heard Dan’s explanation for the reasoning behind this, stating that once they release this new blockchain platform the development process will slow down considerably, so they are giving themselves ample time to prepare. I completely understand this but no matter how much I believe in Dan and his ability to create innovative blockchains, a promise for the future is not a guarantee. I’m just hoping that one year proves to be enough time.
If you’re like me and your curious as to why EOS would chose the smart contract capabilities of it’s future competitor to accomplish its token distribution, go ahead and check out the links I’ve posted down below, I found that these articles have very helpful explanations.
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