EOS Cryptocurrency Review – A Beginner’s Guide! EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.
The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum) in one simple to use, massively scalable dapplication platform for the everyday user to empower the impending blockchain economy.
EOS has become one of the most important upcoming blockchain projects of the last few years. Created by Dan Larimer, creator of both BitShares and Steemit, It is intended to not only be a competitor to other smart contract platforms like Ethereum but also to represent a true third-generation cryptocurrency platform.
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While Ethereum-based applications need to be created from scratch each time, EOS claims that it will allow for a large variety of standard application types to be deployed with minimal effort. This would allow for the creator of an EOS Dapp to only need to customize their program, and not reinvent the wheel. EOS Cryptocurrency Review – A Beginner’s Guide
With EOS technology, it is possible to realize millions of transactions per second. It is a huge step for the blockchain’s networks.
EOS is an exciting project in the dapp arena, with a proven team, a lofty vision, and game-changing features on the roadmap.
