EOS: THE NEXT GENERATION BLOCKCHAIN

Dan Larimer is a seasoned developer who has earned a reputation for turning anything he touches into Gold. From Bitshares in 2014 to Steem in 2016. Now in 2017, he's doing something that adds another layer of awesomeness to Blockchain technologies.

Even Ethereum is the mother of smart contracts (applications) built on the blockchain, its just too slow for comfort. Just the little saga of Cryptokitties in the past few weeks is making its servers buggy and halting. Transactions take forever to confirm.

What's the reason for these lags? Its simply because of scalability. Scalability is defined as the ability of a blockchain to maintain thousand/millions of transactions simultaneously while still being able to handle its basic core functions.

Ethereum uses one-dimensional scalability ie horizontal scalability. That is to say that they confirm transactions one after the other. Hence creating some form of virtual list of transactions yet unconfirmed. Hence when you have a game like CryptoKitties (that people love) built on it, it adds to the list of transactions hence slowing down an already slow system.

EOS however is going to add another layer of magic to all that with what they called the Parallel Scalability. In this scenario, there are vertical and horizontal transaction confirmations going on at the same time. Albeit, since decentralization means that there are multiple nodes, these transactions can be handled on multiple CPUs at the same time.

This has a multiplier effect on many blockchain functions:

1- Permits multiple heavy applications to run at the same time
2- Increases speed of transactions
3- Reduces Bugs To A Minimum
4- Allows quick User Feedbacks
5- Uses The Delegated Proof Of Stake

Judging by their own definition of the EOS Software, you can see the grand attitude they are bringing to this project. It is authoritatively being handled Block.One.

What is EOS.IO software?
"EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications."
Further details about these are found on the EOS TECHNICAL WHITEPAPER

---

---

EOS TOKENS

As a crypto-enthusiast who needs to invest in a futuristic idea, its important to inform you of the EOS Tokens currently being sold. The EOS Tokens are being handled as an ERC-20 Token on the Ethereum. You can participate in the ICO by buying the Tokens with your "My Ether Wallet". SEE IMAGE:

DETAILS:

The EOS Token distribution will take place over 341 days starting on June 26, 2017. One billion (1,000,000,000) EOS Tokens will be distributed according to the schedule below:

• 200,000,000 EOS Tokens (20% of the total amount of EOS Tokens to be distributed) will be distributed during a 5 day period beginning on June 26, 2017 at 13:00 UTC and ending on July 1, 2017 at 12:59:59 UTC (the “First Period”).
• 700,000,000 EOS Tokens (70% of the total amount of EOS Tokens to be distributed) will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each beginning on July 1, 2017 at 13:00:00 UTC.
• 100,000,000 EOS (10% of the total amount of EOS Tokens to be distributed) will be reserved for block.one and cannot be traded or transferred on the Ethereum network.
  At the end of the 5 day period and at the end of each 23 hour period referred to above, the respective set number of EOS Tokens set forth above will be distributed pro rata amongst all authorized purchasers, based on the total ether (“ETH”) contributed during those periods, respectively.
  For More Details, Check out EOS TOKEN FAQ

---

HOW TO GET THE TOKENS:

• They promptly warned that only Ethereum-based wallets and not exchanges MUST be used.
• The recommended ones are MyEtherWallet and MetaWallet. All other ones like Jaxx, Coinbase, Exchanges are not permitted.

---

---

THE VALEU OF EOS

EOS is already listed on so many powerful Exchanges. This is partly due to the influence of Dan Larimer and also because of the idea behind EOS.

• Let's review the EOS section of CoinMarketCap.com for some details about them.
  CHARTS:
  
  Its parabolic nature is giving you an idea of its growth pattern consisting of an EARLY HYPE PHASE (July - Aug); A PLATEAU PHASE (Aug - Oct); & A TRENDING/IMPROVEMENT PHASE (NOV Till Date).

The primary changes driving this 3rd part is the NEW DAWN 2.0 EOS version that was just released further building on what was already done in the past few months.

---

MARKET CAP & OTHER PARAMETERS:

Although the $9+ price is a 21% decrease in the last 24hrs, it got to $11+ after spiking to $8+ last week.

---

EOS ON SOCIAL MEDIA

They are active on twitter. See their last tweet on the 19th of Dec. below:

SEE their retweet of teamsteem's tweet:

---

WATCH A COOL VIDEO ABOUT EOS HERE:

---

SEE FULL SOCIAL LINKS BELOW

Twitter
Facebook
Steemit
GitHub
Telegram

---

Thank you for reading!

---

Posted on Utopian.io - Rewarding Open Source Contributors

---