Crypto Academy Contest / S1W1 - Favorite Blockchain Network by @hamza009

hamza009 (52)mutedin SteemitCryptoAcademy • 2 years ago

EOS is a cryptographic currency that has suddenly increased the demand for its own blockchain. Its blockchain is open source and powers extra juicy contracts and decentralized applications (dapps). In fact, there is no exchange fee for sending and receiving EOS.

EOS

EOS is a digital currency that has suddenly increased the demand for its own blockchain. EOSIO is an open source blockchain that is still in development, operated by Block.one. EOS is like more money and blockchain Ethereum, because its blockchain authorizes other smart contracts and decentralized applications, even for its own money. However, unlike Etherea, EOS exchanges do not require any costs.EOS was formally shipped in June 2018 thanks to EOS.IO Specialized White Paper v2.2 EOSIO programming and the blockchain strength of other digital currencies such as Everipedia (intelligence level), however its main currency blockchain is EOS itself.

The unique highlights of EOS

Source

The unique feature of EOS is that it can be switched freely. After considering all the circumstances, he rewards the excavators with the newly created EOS tokens. This means that there is an implicit extension around EOS. Individuals who place EOS tokens generate money, while others mine and implement. In this way, we still financially protect the organization by expecting you to deploy tokens and those tokens will never leave your assets. . They only cover the cost ... of the assets you were using at the time. If you stop using the assets, you will receive tokens instead of an unlimited fee in your listing. As in the past, this creates a marketplace where you don't have to pay for EOSIO tokens to get closer to common features. Running an organization at no cost can attract EOS to many clients.

Mining

EOS does not use a proof-of-work (PoW) mining framework, such as bitcoin or ethereum, where you can purchase the operating costs of the excavator. After considering all the issues, the EOS relies on a framework called “Stakeholder Verification (PoS). It depends on the blockchains for which the organization decides to go with the blockchain approach to its advantage.Although it combines some blockchain features more than its competitors, it also creates better scalability and higher exchange rates than others. In addition, it does not harm the ecosystem because fewer computers work and consume energy to keep the organization running.However, an irreversible situation can arise, part of the benefits of Block.one has a huge impact on who does the work and gets paid for the new EOS tokens. Block.one is a large owner of EOS tokens and in this way gets the most decisions from future square builders. He can decide in his favor and have a large piece of cake for a fee.

Marek Cap