Eos, what is it?

Presentation

Eos is a protocol for creating decentralized applications using an improved blockchain. It is considered as a cryptocurrency competing with Ethereum because its technological process allows greater scability: that is to say, it can easily adapt to a greater demand. 1 billion tokens EOS have been created and already more than 620 million have been distributed.

The launch of Eos

The EOS cryptocurrency was created following an Initial Coin Offering (ICO), which is simply crowdfunding in the form of cryptocurrency, and more specifically ETH. The launch of EOS provokes a real tidal wave in the world of cryptographic currencies because this fundraising is unprecedented. The ICO is open to investors until June 2018.

Proof of delegated stake

Eos is based on the DPoS (proof of delegated stake). Evidence of an issue is an alternative consensus that aims to improve some aspects of the proof of work, such as its significant costs due to excessive electricity consumption to validate the blocks and its inability to adapt to a large number of concurrent users.

The block validation system

DPoS is known to be the fastest protocol. Its operation is based on control by the shareholders holding the tokens. The "witnesses" elected by the shareholders will take care of signing and entering the transactions in a block. Shareholders have the power to exclude witnesses suspected of cheating or controversial practices. This management system reduces management costs and maximizes dividends.