EOS (EOS) the Infrastructure for Decentralised Applications

EOS (EOS) the Infrastructure for Decentralised Applications

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EOS is a blockchain platform for the development of decentralised applications (dapps).

They are trying to make dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.

They are esentially trying to be an operating system for decentralised applications basically Windows for dapps.

They are running a year long ICO from June 2017 to June 2018 and raised around $200M (2nd biggest ICO ever)

The main force behind EOS is the great scalability. Most the blockchains struggle with that aspect and EOS is trying to securely and smoothly scale to thousands of transactions per second.

Other aspect of EOS is the ready-made platform for apps that lets developers tap into a full-featured authentication system.

This means that the development on EOS should be easy and quick.

Server hosting and cloud storage are part of the EOS system as well meaning that application developers can use those features if they want to do so.

An application built on the EOS platform will not need micropayments by end users to send messages and perform tasks on the blockchain. If the developers want to charge they can do so. EOS will probably be de-facto currency on the system.

The mining will be done by block producers and they will be securing the network by validating transactions and producing blocks. Those will be voted by token holders/

Dapps will need to hold EOS tokens to use the network resources. Those tokens can be delegated to people so there should be token lending market for this.

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