Eos.io is a platform and infrastructure for decentralized applications. It’s a project of block.one and Dan Larimer, the same guy who build Bitshares and Steem, is the lead developer.
If you’re completely unfamiliar with Eos then check out my article here which gives an overview of the project.
As mentioned, EOS bills itself as the most powerful infrastructure for decentralized applications.
It’s scalable, flexible, and usable with a web toolkit for interface development. EOS’ parallel architecture makes it scalable. Initial benchmarks show EOS can sustain over 10,000 transactions per second (TPS) and once it’s fully operational it’s supposed to do over 100,000 TPS. That’s more than Visa, Facebook, or Google. And more than Ethereum too.
Eos.io has been progressing nicely. Back in December it was announced the Dawn 2.0 had been released.
The Dawn 2.0 release provided an alpha implementation, a minimal viable test network. According to Eos.io, internal testing showed the network can sustain several thousand transfers per second and have 1 second blocks using single-threaded implementations on average hardware.
Today, Eos.io announced Dawn 3.0. The Dawn 2.0 and Dawn 3.0 code base has been merged and is now available as an Early Alpha, but it won’t be available on the public testnet until the end of Q1 2018.
The other big news, announced just a couple of days ago, is that block.one announced a joint venture with Mike Novogratz’s Galaxy Digital Venture Fund. Galaxy Digital will deploy capital for future invements in the Eos platform through its new Eos.io Ecosystem Fund.
Per Mike Novogratz, “EOS.IO is designed to enable new community-driven business models capable of disrupting the world’s largest technology incumbents. This milestone represents Galaxy Digital and Block.one’s joint commitment to investing in that future.”
Interest continues to build for Eos and we can see it reflected in the EOS price above. They’ll certainly have plenty of money to get off the ground.
For those interested you can follow Eos and their roadmap.
and trade cryptos on Binance
I think too, that this crypto has the greatest potential as the ethereum replacement, especially with Dan Larimer leading it.
You are Right
Is it completely separate from Etherium?
Yes. The EOS token however is an ERC20 but it's just for funding.
It's one of great token that i belive.
Very informational helpful post. I appreciate you and your good work. Thanks for sharing. Looking forward to your next post dear. Hopefully something more important resource is waiting for us. @g-dubs
Thanks!
Eos is a really great Token, by the way I just did a post were I Talked about Raiblocks and if it will go to the Moon, Would be really happy if you checked it out. I liked yours!
Thanks and will do... don't know a whole lot on XRB.
here is the Checking out XRB post @g-dubs did a few weeks ago: https://steemit.com/bitcoin/@g-dubs/checking-out-raiblocks-xrb
Things are looking pretty solid for the altcoin market. I expect it to jump back up higher than ever before the end of the year.
Yea should rally before the release and they are well funded.
Thank you so much for the great post! I sold my EOS tokens a little while ago and now I wish I kept some.
What's confusing to me is that EOS is now apparently using DPOS+BFT, and this is somehow revolutionary generation 3 tech...
...But it sounds suspiciously much like NEO's dBFT ...
Am curious to know if anybody can tell me the differences
NEO's dBFT is my first thought too...
I'll have to look into that some more.
So far I am finding more similarities than differences..
It is also making me even more bullish on NEO. I mean, EOS is being pumped as generation 3.. but what does it say when NEO has that exact same tech?
EOS has maybe a higher TPS but that seems to be mainly due to the higher hardware specs (= more decentralized possibly)
the better the graph because it is getting to the top. I try to register now. Thanks you for information
now. i want to use Eos.io (EOS)@g-dubs
Nice summary on info.. Everybody loves Eos, and it has a lot of potential with the amount of transactions per second
Im hopping on the Eos train at least... there we go!!
Thanks!
@g-dubs do you think hash graph's network is superior to EOS those guys can do 250k TPS and theuy haven't even scaled the network yet. generally what do you think about hash-graph
I never hear any insiders talk about hash-graph. It needs a marketing team or it's going nowhere.
Thanks for the update @g-dubs. I was recently at a meet up and I met with some solidity developers who are extremely interested in the Eos platform, I can see it growing a lot this year and being a serious competitor with ETH over the coming years.
Wow, that's interesting. If anything you'd think they would talk down EOS. Thanks for the info.
My thoughts are EOS, ADA, ETH, NEO etc can all do well in the short to medium term.
Yeah that's what I thought going in to it - but most of them were software engineers by education, so they were attracted by the suite of languages available, web assembly and more. I agree for sure, I also think that Qtum can do quite well.
Qtum starting to launch a bunch of ICOs. I'm buying.
Wonderful cryptocurrency news,
Thanks for sharing bro.
Coins mentioned in post:
Thanks for the info of Cryptocurrency @g-dubs
I appreciate your post @g-dubs
Thank You @g-dubs
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I'm seeing it down from the other Cypriots who are curious to use it even though it is one of the most cryptic uses