The election of the Block Producer is currently the hottest topic in the entire blockchain field. More than 70 candidates have joined the campaign, including many well-known blockchain companies.
On the afternoon of April 20th, an offline salon called "Focus on EOS Block Revolution, EOS Global Block Producer Elections" was held at the headquarters of ChianDD. Lib, CEO of Eos.Hedging, participated in the roundtable forum as one of the three guests and expressed his opinions on a series of issues about block producers, attracting a lot of attention from the audience.
ChainDD, the fastest-growing blockchain media in China, has gained a lot of followers. Therefore, this forum attracted a large number of attention to the scene, and it was broadcast in dozens of blockchain communities. There was intense discussion on a series of questions about EOS block producers.
Several ideas we discussed on the forum are as follows:![]
Question 1: If you are elected as a block producer, how do you drive and balance your rights?
Answer: The qualification of the block producer is not fixed forever, and the ballot will be re-judged at regular intervals. There will be 21 elected block producers and 100 standby producers. So the only way for a block producer to keep being elected is to contribute to the community and contribute to the EOS holders continuously. The most attractive thing in the ecological environment is the voting right, similar to the People's Congress system. These 21 super nodes will be used as representatives of all EOS holders to make decisions on major issues in the EOS ecosystem. In other words, the block producer itself is a rights institution that will influence the future development of the entire ecosystem. However, the driving of rights is focused on by the entire network and candidate nodes. If an abuse of rights occurs, it is very likely that the block producer will be disqualified and all rights and benefits will be lost. Therefore, the cost of doing evil in an EOS network is extremely high because competition is extremely intense. But this is the only way to stimulate the kinetic energy of all nodes to contribute to the community to build EOS into the best public chain network.
Question 2: As one of the main chains of global attention, why does EOS always carry a lot of expectations from the idea to the realization?
Answer: First of all, EOS is concerned because of the influence of BM. BM is a talented programmer and once spoke to Satoshi in the Bitcoin community. It is also the success of two blockchains, BitShares, the founder of Steemit, and EOS carries all his experience and ideals. Second, EOS's direct competition target is Ethereum, and it aims to solve the current problem of Ethereum's biggest problem of concurrent efficiency and high gas costs. The development threshold has been greatly reduced. Ethereum has been proven to have a strong market demand. Decentralized applications must be the future trend, but it is very unfriendly, and the user experience is very poor. The goal of EOS is to solve these problems and become blockchain 3.0. Finally, EOS uses DPOS's consensus algorithm, which will generate 21 block producers, and will award 5% of EOS tokens issued annually to these nodes. This huge reward and identity has attracted many well-known companies from around the world to contribute to the development of EOS and help EOS form consensus.
Question 3: After June, what are the application scenarios and areas where the first commercial breakthrough will take place?
Answer: Because EOS has greatly increased the efficiency, and based on the decentralized approach, we believe that the first breakthrough can be made in the financial sector. Breakthroughs in the financial sector require two prerequisites: trust and high efficiency. The decentralized approach solves the most difficult issues of trust, and even in certain financial sectors, it can directly eliminate third-party roles, greatly reducing the number of transaction threshold. EOS claims that it can achieve a high concurrency of millions of transactions per second. This is enough to meet all the requirements of the financial sector.
Secondly, it should be in the game field, because the game industry has the clearest form of profitability and the largest user area. We believe that there will be a large number of decentralized EOS-based games on EOS.
EOS.Hedging
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