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The EOS project was launched by Dan Larimer and Block.One CEO Brendan Blumer in June 2018. Larimer, who is also the founder of the Steemit project, co-authored EOS’ whitepaper in 2017 with Brendan Blumer. Like Ethereum, it aims to become a decentralized computing platform that is focused on creating an ecosystem of decentralized applications, with the planned advantage of being able to process many more transactions than Ethereum. The project, which has nearly a billion tokens in circulation, raised $4 billion in its ICO, a development that was very notable for its time.
Despite the wide ranging goals of the platform, EOS has a strict focus on building comprehensive tools for enterprise development, allowing them to leverage the advantages of decentralized technology without having to worry about security, stability and performance. Decentralized storage is also an important aspect of the project’s development goals. Based on the InterPlanetary File System (IPFS), the storage feature would allow anyone to access data stored on the network via a web browser. This is also important in the context of dapps, which can use the storage system to store data.
EOS differs from Ethereum in that it operates on a delegated Proof-of-Stake consensus protocol. The token itself is used in on-chain governance and users can use this to vote for EOS’ 21 block producers, who earn tokens for validating transactions.
The project has since moved strictly into a research and development mode, with Blumer saying that “great things take time”
1 Apr 2019 5 minute read Nibu P Rajoo $2.26 tipped
Some of the most anticipated events in a crypto project roadmap are the testnet and mainnet launch. These are some critical milestones for both the projects as well as for the investors. Once a project reaches the testnet phase, it just gives out the...
29 Mar 2019 1 minute read Workin $0.10 tipped
Bitcoin, backed by a spike in volume, pushed up and out of the wedge it was consolidating in. It’s now testing the top of key resistance. EOS has been able to hold above $4.30 for the third day. Price spiked close to major resistance at $4.50 where...
28 Mar 2019 1 minute read Workin $0.06 tipped
Bitcoin has broken back above $4,000, currently trading around $4,020 on Coinbase. It also appears to be approaching the upper resistance line of a larger wedge. Shorts have been rapidly dropping while longs are slowly rising. Looking at EOS, we c...
26 Mar 2019 1 minute read kingscrown $0.03 tipped
Bibox exchange has token called BIX. If you hold it every week they will share 45% of what they make between BIX holders. All you need to do is register on their site, deposit ETH/BTC and buy some. Markets Yes i wrote top10 but actually, right now...
24 Mar 2019 1 minute read jwolf $0.02 tipped
My objective comment Poker chained is a brand new poker platform where you can play poker fully decentralized. It is built on the top of EOS blockchain and every cards or shuffles you get are only on your device so it's only you who know the cards. Y...
24 Mar 2019 1 minute read silvergoldcrypto $0.02 tipped
Ethereum has had phenomenal growth since it was first launched, with it now being the no.2 crypto in terms of market capitalization. EOS is a major crypto currency that competes in the same crypto sector as Ethereum. Interestingly, EOS appears to be...
20 Mar 2019 4 minute read Eosmastering $0.04 tipped
I have not been able to make as many updates lately unfortunately. This does not mean that I’m not doing EOS related stuff – it just means less time writing. So bear with me if I don’t manage to give an update on absolutely everything – but I will tr...
13 Mar 2019 1 minute read Workin $0.10 tipped
Bitcoin continues consolidating within a wedge just above the $3,800 support. As it approaches the apex we should expect a larger move in the next 48 hours or so. EOS is also consolidating within a wedge. Like bitcoin, it’s approaching the apex sugg...
11 Mar 2019 6 minute read Eosmastering $2.58 tipped
To those that know me in this relatively new space, I write mainly about EOS, but I am also more or less a blockchain agnostic. I am not a tech-oriented guy. I have no background in computers – other than growing up with them and using them for gen...
6 Mar 2019 4 minute read Eosmastering $0.04 tipped
Wow, crypto makes you schizophrenic doesn’t it? In my last article I wrote that I saw 2019 as the year of building and not the year of investors. I stand by that, but could it be so that the building and adoption takes off in such a tempo that it is...
