EOS is gonna be HUGE! I'm talkin' bigger than a sumo wrestler after Thanksgiving dinner huge.
EOS has some exciting projects in the works: Everipedia. Free air drops. And Bittrex building a new decentralized exchange on the EOS network.
Reasons Why I Think EOS Project Will Be Very Nice- Great Success (Use Your Borat Voice Here, People)
(taken from 9gag.com)
Scaling to 1million txs per second (power of delegated proof of stake… it doesn’t require a crap ton of electricity like some other cryptos do for transactions)
Mass adoption. EOS is going to be one of the few projects that will still exist a few years from now due to the fact that people will actually use the platform in the real world. 99% of coins are going to fail because they’re not going to be used in the real world.
Brendan Blumer, (CEO of Block.one) raised $1 billion dollars to essentially be used as VC funding for developers and businesses to build on top of the EOS platform.
Capture of decentralized storage market (EOS storage will take away business from SIA, storj, and other decentralized storage blockchain projects).
Businesses will need bandwidth, space and speed as well as storage and that’s why they would need to accumulate EOS tokens, which will end up driving up the price.
Friends Platform With Benefits
Are You Calling Me Easy?
Yeah, EOS, you're easy!
(imgur.com)
But not in a hooker-sort of way. So no worries.
I'm talking about how easy it will be for developers to build dapps (decentralized applications). There’s no other platform that allows you to build better dapps than on EOS, because there’s nothing faster and you don’t have to worry about clogged networks slowing things down.
Everything that is built on the blockchain will be connected with EOS.
EOS is like a highway.
Wait, no, it's like the new internet. It's both. The internet connects everyone together, right? Blockchain is the technology that every single industry is going to build upon.
That’s kind of a big deal.
Like, bigger than my tummy which is apparently trying to be super well-rounded (note to stomach: being well-rounded ISN'T always a good thing).
Lost password recovery
(imgflip.com)
This is going to keep you from freaking the fudge out if you ever lose your password. I lose mine as often as I lose my keys so... thanks technology, for finally trying to help me do something about my scatterbrain.
Scheduled Transactions
- Ability to charge and accept subscription payments on the blockchain
- Bring businesses to the
yardblockchain
Sorry, EOS...you're just not a milkshake. Love ya, though.
Unlimited Transactions Per Second
It's raining transactions up in here!
This solves scalability problems we often hear about and I'll say it again... mainstream adoption from existing businesses. Businesses are gonna hop on this bandwagon.
Oh My Gosh It's Free!!
Oh... you like free stuff? Good.
'Cause there are free transactions for the regular everyday network users. There’s a socialized cost, though, for the hodlers, in the form of 5% inflation, which will pay block producers. Just so ya know. About that whole inflation thing...
...it's been brought up by some people as a potential concern.
But there’s nothing about the model (or EOS governance) that should have you worried. In fact, according to a recent post by @EOSnation and @EOSNewYork, it could actually end up being a scenario where it’s deflationary.
Kind of like my pride after I accidentally walked around with food in-between my teeth all day (if you're a good friend, fyi, tell your homie when they have food stuck in their teeth.... mkay?)
Anyway… fee-less transactions for users and potentially ‘inflationary-less’ block producers.
Yeah, that's a game changer.
This brings me to my next point. If there are any problems with the EOS platform, I have no doubt that the EOS team have thought about it in advance. Even if they haven't, I'm positive they would address it with the right solution(s).
EOS is engineered with optimum performance and adoption in mind.
The Larimers also aren't pulling things out of their butt (like some people tend to think). They have a deep understanding of potential pitfalls due to their experience of what works and what doesn’t work, from Steem, Bitshares, etc.
I also like the 21 elected block producers on EOS, which themselves can be made up of a distributed network of people and hardware. Centralized? Maybe.
But the nice thing is that they can be voted out at any time. If you expand beyond 21, then you get to the point where there are too many block producer candidates to keep track of.
This lets us accurately vote and keep the ones that are best suited for the EOS ecosystem.
As for free transactions...
The network is free to use. But if you are a developer hosting an application, you'll likely want to make sure that even under heavy loads on the network, that you will have enough bandwidth, computation, and storage to host your application (without any issues or delays).
EOS tokens are a guaranteed allocation of network resources to you, as a developer, and creator.
Basically just look at Steem. It's a blockchain. It's free to use. Everyone who signs up gets to use the network every day within normal usage parameters.
And, if you want to do bigger things? No problem. Go get more Steem (which you can earn :) or buy and use, but also resell, later down the road if you need).
Besides everything I've said...
The one thing that I think is most important for the growth of EOS...
...is it being developer friendly APIs, it having libraries for various languages, and it having clear and easy-to-use documentation.
Why is that important?
Because there are a crap ton of good developers out there... and the key to success is to make it super easy for high-level developers, engineers, and builders to get started.
EOS, in my opinion, will deliver a ton of value for society (in a variety of ways). In fact, anything built on the principle of value for value gets my approval. Chocolate with sea salt gets my approval, too. I'm sorry if that causes you to question my judgement, haha.
(image from albanesecandy.com ...hmmm...think they'd pay me in chocolate to be an affiliate?!?)
Love, @nomadicsoul
P.S. If you wanna read another mediocre article from me about crypto, here's one I did on Bitshares.
That was a great (up to date) intro!
Fun read too.
Sharing!
Aw thanks!! 😃 You just made my day! I'm glad someone is reading these things
From being a digital nomad to being crypto nomad.
What else do you have inside those mismatched stockings? Lol. No dissing.
You are simply Amazing. I think you should make move to become eos Ambassador. Your analysis plus the comic will drive eos beyond the moon.
Oh my goodness, this is the nicest most thoughtful comment ever. Thank you @emjoe!
🙈👅🙈
Love those mediocre crypto articles!!!
There is so much about EOS to like, I was super keen to get some when they were below $6 but couldn't figure it out because I'm in the US at the moment... I managed to get some at $12 and only have slight regrets... but still pretty happy I've got some to play with. I absolutely love their distribution system, it's honestly the most fair thing I've seen in the crypto space yet.
I see EOS more as a blockchain operating system rather than a blockchain. I was surprised when I read something about it not being able to handle too many transactions, and you've cleared that up now, unlimited transactions sounds more from what I'd expect from Dan.
I think ONO is looking very interesting (crypto's Facebook and Instagram to Steem's Reddit/Medium) and it's already launched well in China.
I have got to start to learn how to code to develop apps on Steem and EOS... I truly think that's where the money is going to be...
I wish I was half as good as you and would even attempt to learn to code anything at all. Just the word "code" makes me want to bang my head on the desk and run in the other direction haha.
I'm the same as you...I waited because I couldn't be bothered with registering it, plus you couldn't buy it in the US (although...VPN...plus I have no excuse since I've been out of the US since January). Kind of kicking myself for being a fan of it since about October but still just sitting on the sidelines.
Yeah, it will def. be able to handle lots of transactions! Yeah!! I was just reading about ONO the other day... would you get on both platforms?? Hypothetically speaking, obviously.
I loved the style you used for this one @nomadicsoul, Simple to read and elegant. This pretty much sums it up for a whole lot of people who do not have the time to read up on what the project is headed. Good one.
So, to resteem or to not resteem?
Heck! Resteemed! lol.
haha thank you!!!!
You're welcome dear.
I like how you write and break it down for people. I have moved loads of my alts into eos and I am super excited to see where it goes. I too think that with the product backlog, core team and easy dapps it is going to be a huge network with an outstanding ROI for early investment.
Keep up the great work. You have a new follower. 😀
Thanks, I appreciate that!! Good move on your part...can't go wrong with EOS!
Thank you for breaking this down for people like me, I have been hearing people talking about EOS, but nobody has ever explained it this detailed to me. I used to think it is a threat to steem and steem dollars, but not anymore.
I think I need to join the train when it is still available. lol
Thank you and thank you so much.
Thank you!! I don't think it's a threat. Yep, it hasn't even fully launched yet!
I sure hope so! 😁
For sure! 💜
Thanks for the intel @nomadicsoul! I never knew you were such a crypto junkie :)
There's a few of them that I'm pretty into. I usually prefer writing about random adventures, though. Like vang hunting in Vietnam...which will definitely be a post in the future.
I can’t wait to see some vang!!!
YAY! Can't wait for it to come out! hehe!
same!
Congratulation nomadicsoul! Your post has appeared on the hot page after 34min with 20 votes.
cool thanks
I'm thinking of buying but the chart worries me in that it seems too close to all time highs while other coins are still at a big discount to all time highs (e.g. BTC, ETH, ADA, IOTA and many others are still nearly half of their highs), so relatively speaking it appears very expensive.
Gettting some now is good, I actually think it's going to go a lot higher before retracing and coming back down. But if you're nervous, you could still get some after it crashes again. OR, dollar cost average... like $100 worth of EOS now, $100 when it hits $40, $100 when it crashes back down. Just an example, you don't have to put $100 in, it's just a random # I used.
About Cardano projects, I really believe in Cardano. According to you between the EOS and Cardano will win ?
I think Cardano is a good project. But for the reasons above, and because of Dan's track record, I choose EOS over Cardano in the long run. Seems to be built on a stronger foundation. They're both good, but I think ultimately EOS will be king.
What do you think @stackin? You picked EOS over cardano it seems like.
Yah , good luck for your choose. ;)