Trade EOS - EOS Markets, Exchanges, Broker
EOS starts to turn the world of blockchain ecologies, smart contracts and dApps from head to toe. Based on the concepts introduced by Ethereum for the first time, new standards of performance and scalability are to be set. If all this succeeds, EOS could become Ethereum 2.0 and surpass the great model.
EOS began its existence in June 2017 and is a crypto currency on the one hand and a general platform for blockchain-based applications on the other. At first glance, the simple geometric logo seems strangely familiar and even a superficial glance reveals that EOS has more in common with Ethereum than the initial letter. In fact, the EOS developers see the system as a new or further development of Ethereum.
The leitmotif in the development of EOS (Eos is also the name of the goddess of dawn in Greek mythology) is therefore a new beginning, with a constant eye on the implementation of an overall system that not only offers space for its own currency tokens on its blockchain, but can also form the basis for other currencies and blockchain ecologies by means of smart contracts attached to it.
Development and status quo
EOS is being developed by Block.one, a company based in the Cayman Islands. Specifically, it is a software called EOS.IO, which combines all the functionality and is therefore called Blockchain operating system by the developers.
The fact that EOS also wants to appear as the basis for other crypto currencies and systems is not just a declaration of intent, but manifests itself in the development environment called Dawn, which is not only appropriately named for EOS ('Dawn'), but is also intended to offer developers of future crypto currencies the opportunity to implement their own systems as tokens on the EOS blockchain.
EOS is currently still under development. Many, if not all, of the currency's ambitious goals have yet to be achieved. In practice, EOS currently (as of 09.02.18) only exists on the Ethereum blockchain as an ERC20 token (the most common standard for Ethereum-based tokens).
Initially pre-scooped in the form of 1 billion tokens, EOS has been distributed since the end of June 2017 in the course of just under a year, with 100 million EOS remaining with block.one. The developers justify the long introduction phase by saying that potential interested parties should have enough time to get started and should also have the opportunity to take note of EOS's technology before they participate.
What does EOS want to do differently?
As mentioned at the beginning, EOS is most likely to compare itself with its own role model, Ethereum. There are three main innovations: One is that transactions are free of charge. Ethereum charges a small amount per transaction for each transaction, but this amount has been constantly growing since the introduction of Ethereum, and EOS does not.
In addition, EOS should make it possible to restore the entire system to an earlier state in the event of serious disruptions such as hacker attacks or software errors in EOS.IO and thus restore it to an intact state, thus largely avoiding hard forks. After all, EOS promises scalability and performance that will put Ethereum in the shade; the means of choice for this is to turn away from proof of work.