Eos (EOS) Crypto Project | A Blockchain software architecture

Eos (EOS) Crypto Project | A Blockchain software architecture

By NassiroV | CryptoPlanet360 | 19 Feb 2020


Stage One of 'Risky' EOS Worker Proposal System Approved

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Eos is a protocol for creating decentralized applications using an improved blockchain.

Eos is considered to be a competing cryptocurrency to Ethereum because its technological process allows greater scalability: that is to say, it can easily adapt to greater demand. 1 billion EOS tokens have been created and already more than 620 million have been distributed.

Proof of delegated stake

The Eos is based on the DPoS (delegated proof of stake). Proof of stake is an alternative consensus that aims to improve certain aspects of proof of work, such as its significant costs due to excessive consumption of electricity to validate the blocks and its inability to adapt to a large number of concurrent users.

The block validation system

DPoS is known to be the fastest protocol. Its operation is based on control by the shareholders holding the tokens. The "witnesses" elected by the shareholders will take care of signing and introducing the transactions in a block. Shareholders have the power to exclude witnesses suspected of cheating or controversial practices. This management system reduces management costs and maximizes dividends.


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NassiroV
NassiroV

Hi, and welcome to my blogs :)! ​I’m Nassir, a thirty-something guy who loves to travel and write, especially about Crypto and Blockchain. I have been blogging and trading cryptocurrencies for a while. I hope that you find my articles beneficial to you.


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