Presentation and definition of the crypto-currency Eos (EOS)

Presentation and definition of the crypto-currency Eos (EOS)

  • Name of the crypto-currency : Eos
  • Abbreviation : EOS
  • Where to buy EOS ? Binance, Bitbay
  • Creation Date : 2017
  • White paper of EOS
  • Web Site

Eos, that is what it is ?

Presentation

Eos is a protocol that enables the creation of decentralized applications using a blockchain improved. It is considered a crypto-currency competitor to Ethereum because his technology allows for greater scabilité : that is to say, it can easily be adapted to a more. 1 billion tokens EOS have been created and already has more than 620 million were distributed.

The launch of Eos

The crypto-currency EOS was created in response to an ICO (Initial Corner Offering), which is simply a crowdfunding in crypto-currency, and more specifically in ETH. The launch of the EOS causes a veritable tidal wave in the world of currencies cryptographic as this fundraiser is unprecedented. The ICO is open to investors until June 2018.

The proof-of-stake delegate

The Eos is based on the DPoS (proof-of-stake delegate). Proof of stake is a consensus alternative that aims to improve some aspects of the proof-of-work, as its costs are significant, due to the excessive consumption of electricity to complete the blocks and its inability to adapt to a large number of concurrent users.

The validation system blocks

The DPoS shall be deemed to be the protocol the fastest. Its operation is based on a control by the holders of the chips. The “witnesses” elected by the shareholders will take care to sign and introduce transactions in a block. The shareholders have the power to exclude witnesses suspected of cheating or controversial practices. This management system can reduce management costs and maximize dividends.