Review # 5 ▶ The story of EOS ( for BEGINNERS )
How everything started?!?
I have been asking this questions to myself most recently. I had an idea and some records, as I was keeping an eye on this blockchain development over the last months, and in the end I decided to sum it up in a few words.
![[edited source:]](https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2016/01/growth-money-investment-760x400.jpg){kind=link}
The Story of EOS!
Bitcoin proved the concept of trustless ledger ( 2008 )
Etherium proved the demand for generalised smart contracts ( 2014 )
EOS delivers smart platform for smart businesses ( NOW )
![[source:]](https://cdn-images-1.medium.com/max/2000/1*PsZXk_uEgdqEy5CsikksKQ.jpeg){kind=link}
Lets check the past five years of Dan Larimer’s involvement in the blcockhain technologies.
1.In 2013 Dan Larimer introduces the concept of DAO ( Decentralized Autonomous Organization ) and PoS (Proof of Stake ).
2.In 2014 launches BitShares, what is a Decentralized exchange on a blockchain. At that time out there were just the BTC + BTC clones + Ripple. Exchanges had to be fast, transactions without the possibility to be reordered, should have low latency, and at the same time high throughput.
So in 2014 the DPoS ( Delegated Proof of Stake ) was invented!
3.In 2015 launches BitShares 2.0 that has high volume of TPS (transactions per second).
- Adopted some technologies from Lmax Exchange
Invented Graphene. It is well known that is proven to process hundred of thousands of TPS. - Introduction of funding + self government + account permissions, that means you don’t have public keys and hashes, but an account with a name. So you are able to transfer currencies between each other by name!
- Deployment of multisig keys ( example: a front door has double locker with 3 key holes, you need to turn 2 keys to open it or 3. It is up to you, the way you are going to set it up )
4.In 2016 he took the blockchain to the mainstream launching Steemit.
- Free user transactions ( comments, upvotes, publishing posts, money transactions, memos )
- Decentralized Budgeting
- Account recovery
- Accessible by everyone
- Hard Fork consensus
5.In 2017 block.one is developing EOSio. Block.one is a private, software company carrying out the implementation of EOSio software. Top advantages of it are: It is free + open source software!
- Dawn 1.0, which is the original Testnet was released on September 3, 2017
- Dawn 2.0( Testnet ) released on December 4, 2017
6.In 2018 block.one releases two new versions
- Dawn 3.0( Testnet ) on January 25, 2018
- Dawn 4.0( Testnet ) on May 7, 2018.
- Distribution by block.one of about 1 billion EOS tokens as ERC-20 tokens in order to achieve wide adoption of the new platform.
- By June 2, 2018 EOS ERC-20 based on ETH blockchain tokens had to be converted to EOS tokens.
EOS is an amazing story! What a ICO! The total investments in the project are whopping $4 billion!
![[source:]](https://static.businessinsider.com/image/5b15380a1ae6624c008b4b0c-750.jpg){kind=link}
On June 1, 2018 EOSIO's Dawn 1.0 was launched on Mainnet!
Any suggestions and ideas will be highly appreciated by @yanika!
sources:
https://block.one/news/
https://www.eos.io/
https://bloks.io/
)
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It is really good to know more about this amazing token of eos do you have any price prediction?
Hey @me2017! It is one of my favorite crypto with many similarities to steem, as the inventor is Dan Larimer. It is on the path to compete with ETH and looks like has very strong positions. Lets see. Generally the price will go faster up comparing to many other major cryptos because it is easy to become mass adopted, as like ETH is a platform for Dapps. It is to be like Windows for the Dapps, wherein ETH is the PC!
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I agree with you. :)
Upvote you in kryptonia@CEARrtou66
加密貨幣,他仍是貨幣,所以用於日常生活,當是他下一步的路,初期十年,加密貨必再於推廣,讓人們認是他和接受他,各國的實體國幣,會何能作為貨幣使用,還不是因為他是當權政府所發行,故而在國內擁有貨幣地位,但於國外就難說了....而加密貨幣,繞過了各國政府,於全球通行,缺乏的便是管理機構,但加密既然標榜著無政府,包過無管理者,自然不會有管理機構,所有有效的自我檢測程序.自我優化程序.自我管理監控程序.受攻擊時之自我防禦與自我強化的程序等等,有賴的是程序員們的大力,不但要面面俱到,程序還要能自我完善,當不是件容易的事....而EOS真的能達到這些要求嗎?還有待時間來證明,許多標榜著多好多好的加密,還不被黑了,我是不知道那些加密是真的被黑了,還是官方自己黑掉的,我被黑掉的加密布下十餘家,官方都只是來信說我被黑了,妙的是,被黑的不是發生在我這邊,還是發生在官方那邊,卻說黑客黑掉的是我的區塊,所以損失是我的~~~無言啊~~~~
Hey my friend! I always try to translate your comments from Mandarin, but sometimes it doesnt come up the right translation I guess... But it is very cool to see it in Mandarin, what is one of my favorite languages!
在这里，即使你被黑了，如果你选择把它们放在钱包里，这笔钱也不会被盗。 这是治理，由Block生产者组成，就像steemit中的见证人一样。 所以你的钱将得到保障！
我想懂中文！👍👍👍
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Glad to find this post via Kryptonia, as I was really looking for this info. I started on steemit just because I liked the idea of blogging and getting paid for it. Now I am very much into crypto. It is the future, in my opinion, so your post came in handy, to paint the big picture for me, thank you 😊
The Future already In. Cryptoworld:) Thanks @starjewel for stopping by!
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good info indeed, good job man @yanipetkov
Woow, nice to see you here buddy @mawahab!
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Now i understand the story of EOS. Thank you for sharing it gives a clearer understanding especially to a beginner like me. Continue to give us fruitful information.
Thank you very much!
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Great and well detailed analysis. The crypto world has realy moved with speed. So many coins coming and lots of development in the blockchain just finding a means to make digital money the best option anytime. Thanks for broading our knowledge right from the beginning. @fisherman
You are welcome buddy! It is for sure to make a blast very soon!
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I know about EOS as a cryptocurrency but was not aware of these details. Thanks for giving these information in a simple way. Great read.
It is really noteworthy to keep an eye on it.
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I think for some reason crypto is just a way to invest. It might be something as daily job but that is not stable. But everybody should take few percent from their paycheck and put in crypto for later.
Kryptonia @psyceratopsb
Actually I dont see any other option for investment. Crypto rocks!
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Al leer este post me doy cuenta que este mundo de la cryptomonedas es un mar sin fondo, hay tanta información por conocer y manejar para poder nadar con mas comodidad en el y no morir en el intento. Ciertamente explicas muy sencillo pero adentrarse e ir asimilando bien toda la información no es nada fácil, cada día se escucha mas los términos de crypto, blockchain, etc., seguro las próximas generaciones se harán de estas nuevas herramientas... id kryptonia @reyos69
¡Hey amigo @reyos! Explicar lo simple es como: ¡Capitalismo vs Blockchain es como el mejor teléfono fijo de comparación con el iPhone XR de Apple o la invención del fuego con electricidad! ¡Mundos diferentes!
Buenas comparaciones, lo entiendo, gracias
The more I read the more excited I get. Still need to sniff around it a bit more before taking the leap. Everyone claims to be the next BitCoin... Not everyone has the stats to back that statement up lol
via Kryptonia by @daytondoes
Hmm, soon there will be info about that. EOS does not compete with the BTC, as Bitcoin is just a cryptocurrency, but that is a Platform.
They are not the same!
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