What is EOS?
The EOS.io (Enterprise Operation System) project is a blockchain architecture platform similar to the operating system developed by Block.one's CTO DanLarimer (Bts, Graphene, Steem founder) to extend the performance of distributed applications. EOS provides account, authentication, database, asynchronous communication, and program scheduling on hundreds of CPUs or clusters. The final form of the technology is a blockchain architecture that can support millions of transactions per second, while the average user does not have to pay for usage.
EOS Function
The EOS token is currently based on Ethereum's blockchain infrastructure based on Ethereum's tokens. There are three main application scenarios: bandwidth and log storage (hard disk), computing and computing reserve (CPU), and state storage (RAM). The EOS main online line will convert the ERC20 token EOS to the token on its main chain. Specifically can be explained as:
(1) Recipient payment: The customer purchases specific products from the business, and the sales revenue of these products will be used to pay the business cost, avoiding the customer directly paying for the use of the blockchain, and will not restrict or prevent the enterprise from determining its products. Monetization strategy.
(2) Authorization ability: If a blockchain is developed based on the EOS software system and its token is held by a token holder, it may not need to consume all or part of the available bandwidth immediately. The holder may choose to give or rent unused bandwidth to others.
(3) Separate transaction costs from token values: If the application owner holds the appropriate number of tokens, the application can continue to run in a fixed state and bandwidth usage. Developers and users are not affected by price fluctuations in the token market and therefore do not rely on price.
(4) Block reward: Each time a block is generated, EOS will reward the block producer with new tokens to pay for its operation and maintenance costs. At present, the EOS setting limits the upper limit of the income earned by the block producers. At present, the EOS limit for the block producers is up to 5% per year, that is, the total annual growth of new supply of tokens does not exceed 5%.
Specification
Release Time: July 1, 2017
Token: EOS
Total Issue: 1,000,000,000 EOS
Most Used Link
Official Website: https://eos.io/
Wallet Download: https://eos.io/
Source Code Download: https://github.com/eosio
Block Query: https://etherscan.io/address/0x86Fa049857E0209aa7D9e616F7eb3b3B78ECfdb0
Release Progress: https://eos.io/
White Paper (Chinese version): http://btsabc.org/article-978-1.html