EOS official presentation from Consensus 2017 [in text]

in #eos3 years ago (edited)

Hello Steemit community !

By learning about EOS, I felled on this picture.

It's the best presentation of what EOS is that I found. It's why I decided to transcript it with digital characters like that it can be easily share !

Here we go :

The blockchain operating system for commercial scale decentralized applications.

Decentralized applications need an operating system that manage complexity so that developers can focus on what matters most – creating businesses.

Existing real world applications such as exchanges and social media serve millions of costumers a day and require a platform that can process hundreds of thousands of transactions per second. A platform that supports multiple applications each processing a thousand transactions per second collectively demand capacity of millions of transactions per second.

EOS is designed to support numerous real world applications. I accomplishes this by adapting proven techniques from the computer graphics industry to support the running of thousands of applications in parallel on the blockchain.

Usable Applications

The best applications are designed with the user experience in mind from the beginning. Therefore, technology must be “user-friendly” and adapt to the needs of real peoples rather than the expecting real people to adapt to the constraints and peculiarity of certain technologies. EOS allows developers to build thei applications using an architecture similar to modern website frameworks created by companies like Facebook. This means that pretty much any business can use the EOS blockchain.

EOS is like Email

EOS is structured like a group of people an/or scripts (bots) that are exchanging messages between them. It could be thought of as an email system where every user or bot has an account.

Like email, message have a sender, receiver, and potentially a couple of accounts that are copied on the message. Also like email, messages are not guaranteed to be delivered just because they were sent. Delivering a message implies that the receiver accepted the message and processed it accordind to the receiver’s code.

Unlike email, the recipient and any accounts copied on the message have the ability to reject the message in which case the message will not be delivered to them.

The EOS blockchain is a transparent and permanent log of all messages that were successfully delivered to all addressed accounts but may also include outgoing messages generated by a bot.

Cross Blockchain Messaging

Messages generated by a script or a bot are first included in the blockchain as “undelivered messages” and later referenced as delivered when all recipients accept them. By including generated, but undelivered messages in the blockchain we facilitate communication with all the others blockchains because other blockchains may reference the generated message. This will allow EOS applications to interact and interoperate with applications running on other blockchains.

Scripting language independent

The EOS architecture can simultaneously support multiple programming languages. Initially EOS will support Wren and Web Assembly, but it could also support any other suitably high performance sandboxed language.

Free Transactions

Unlike other platforms, EOS is designed to enable applications that don’t require users to pay for every action they take. Rather than fees, bandwidth, computational, and storage capacity is allocated proportional to the percent of EOS staked by a decentralized application. Like traditional web-based application, it is the application developer that must provide the resources to run the application rather than the user. this means it is possible to create freemium applications that enable news users to get involved without having to navigate the complex process of purchasing a cryptocurrency.

Synergy Independent

With EOS, large scale user-friendly decentralized applications can communicate with each other in ways that were previously impossible. By building applications on EOS, businesses benefit from a large community of existing users and have access to a multitude of services provides by other decentralized applications.

Steem On !

P.S. : I'm sorry but I don't remember the provenance of the picture.


By chance, do you know if they have already released release dates ?, sounds more than promising, the evolution of steem and bitshares?

You should regrister to the newsletter ! http://eos.io/

EOS has the potential to knock out every other crypto out there, even, or especially the fake king - Bitcoin. :) 1ms transactions, let's go, ftw!

Yeah ! Dan have an extraordinary vision of what blockchain technology can bring to the human society ! We'll have now a wonderful common ground for building something amazing !

Thanks for sharing.

You are welcome ! Very interesting informations here :)

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