You are viewing a single comment's thread from:

RE: EOS - List of Block Producer Candidates introduced on steemit | Update 0005 | 2018-04-10 |

in #eos • 7 years ago (edited)

In the "Proof of Work" blockchains, the token had to be "mined" by "miners". In a "Delegated Proof of Stake" system, every token is linked to a voting right. There are no more miners, but block producers. They are elected by the community. A block contains a lots of different transactions from the network. In EOS, we will have one block every 0.5 second. There will be 21 block producers for the EOS network. This is a huge responsibility to assume. Candidates are applying from all over the world!

For a general explanation of what is blockchain (a chain of blocks):


You should watch these 2 videos from Thomas Cox:

Block Producer Discussion With Thomas Cox


2nd Block Producer Q&A with Thomas Cox

This little video is very usefull to understand what is EOS and why this unusually long ICO:

https://eos.io/resources

Have a nice day,
Thierry

7 years ago in #eos by
$0.00
    2 votes
    Reply 4
    Sort:  
  • Trending
    • [-]
     7 years ago  

    Can i buy Eos now or it's high price ?

    $0.00
      Reply
      [-]
       7 years ago (edited) 

      I'm part of those who believes that the adoption of EOS worldwide is going to be massive!
      Till EOS price will be under 20$, consider it is cheap.
      You should not invest into EOS tokens before understanding what EOS and what the "Delegated Proof of Stake" systems are.
      To become an EOS holder involves a sense of responsibility and a desire to participate to the EOS democracy.
      Have a nice weekend,
      Thierry