Steemit Crypto Academy, Season 3: Week 6 || BLOCKCHAIN ​​EOS, by @ pelon53

No man is an highland of knowledge, maybe this is why steemit power the ctyptoacademy. No one can know it all, even some professors may still need some things in their trading. Thank professor @pelon53 for this wonderful course.

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1 . Delegated proof of stake and DPoS algorithm explanation

DPoS is a general agreement to solve a problem, it's made to protect a blockchain by guarantee representation of transactions within the blockchain. DPoS is made as an idea that's moved to reality of technology that base on democracy, with the use of election process to guide blockchain from centralization and harmful usage. DPoS was designed by Daniel Larimer he is an American software developer, an entrepreneur and he is the founder of EOSIO software, steemit and bitshare. Some blockchains make use of EOSIO code, blockchain like EOS, Telos, Worbli and WAX

Algorithm
Each every node in the EOS blockchain network are able vote according to each stakes and choose the node that is authorized in the principle DPoS process. Witness node is the node that take part in the election of the witness nodes and have the highest number of votes in the top node. Accounting allowance are admitted to the nodes that are in the list of witness, they are allow them to make new blocks one by one. In all election cycle, the witness nodes will be elected again. The safety and secrets of statement of oath are improved, the risk of illegal purpose attack is reduced and blockchain systems have protection.

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2 .Ricardian contact on EOS blockchain

Ricardian contract is a form of digital documents that work as an agreement between different entities on the limitation and condition for an conversation between the two or more agreed parties.

Ricardian Contract is known as legal job or work that was firstly introduced in the year 1995 by Ian Grigg the programmer and now, it is part of the blockchain too.

EOSIO Blockchain users are given specific insight of an understanding with the Ricardian Contract explicit set of retirement and the guide Toolkit projects. To let users know what is to happen to them when they approve a blockchain move, we beg the smart contract developers to impose their smart contracts by complying with the Ricardian Contract Specifications and those that authenticates developers to make use of the Ricardian guide ToolKit. Nevertheless, the work on the annex of the Blockchains in the transactions of these networks is in progress. One of the goal of the Blockchain technology is to turn the difficulty of the coding to a simple for everyone to understand.

3 .official EOSREX interface

In the interface of the website EOS menu bar, there is event, bar, tools, chart, wallet, search , and the details of the price

The features are the EOS website are: Block produces, Chain alert, proxies transaction, recent block, top chart, market cap etc

4 .how to obtain CPU, RAM and Network

With the use of sqrl as a new user, you have to register and pass the security section in case of account recovery

This is after the setup finish

But for better understanding and easy way, use eostools.io

Then install it

After that, click manage account and then manage stake

Whatever it is you want to add, firstly, click on manage account then the options would show on whatever you want to add, either CPU, RAM or Network

CPU Is used to carry out transaction. Although EOS is free to use, but CPU usage is needed whenever the other features want to use their space.

RAM is Permanent storage data that must retrieved back as early as possible and frequently like keys and balance in your storage space.

Network is the amount of data that is able be sent from a point to another one

5 .price of Rex token and it's usage

That's the price as at yesterday but when I checked today before I submit this assignment, it has changed

Rex tokens established by the ethereum blockchain. They are used to reward ethereum users for listings, adding, becoming market sponsors, or updating profile information. The limit amount of REX Tokens is 2,5000,000 and they are being gotten now in exchange for ethereum coins. The RexMLS also aim to use Rex tokens as the beginning for their smart contracts and title exchange on their website.

REX token is one of the key way for increasing liquidity of token in the market. Whenever Item is open REX would be burned. The size stake and length are exhibit by the SHARES and their price is set by a all over the world price that's being monitored in the REX contract, and it rises depends on time.