EOS
(EOS)Interesting Facts
The EOS platform system is based on two programs, EOS.IO and EOS coins.
They use a Delegated Proof-of-Stake. Users vote and choose who they will trust.
EOS coin had hit an all time high of €20.23, where other cryptocurrencies at the time were trading not too far above €4.42.
There has been no full name or meaning behind the word EOS.
The decentralized operating system allows developers with EOS coins to create and operate decentralized applications.
Project in a nutshell
The EOSIO network developers created the system to provide an easy support platform to other developers who have been using the decentralizing operating system. They established a foundation to which it becomes more convenient to create and run the operating system.
EOS tokens are often used for stakes in business and funding purposes of Decentralizing Applications. It’s protocol acts like an application very similar to that of Google’s Play Store and Apple’s App store. It mimics almost all the functions and capabilities of a computer system as it operates. Computable resources are then equally distributed among the EOS token holders.
More in-depth review of the project
The EOSIO network has been called one of the most promising and strong structures for decentralizing applications. It is a blockchain based system that permits you to host, manage, develop and create decentralizing applications platforms.
EOS framework upholds the primary use of functions that allows business and individuals to make their own decentralizing app similar to that of a web-based application. It will provide the platform for your profile account security, access, data sharing, management and communication between the applications and the internet.
EOS has two components, EOS.IO and EOS tokens. EOS.IO functions as the operating system and operates the blockchain network of EOS. The EOS token is the cryptocurrency of the network.
The unique trait of the EOS system is that it gives support services to help find solutions to problems pertaining decentralized application networks such as speed, range and adaptability.
Looking at the capability of the EOS network to grow is at a high percentage. Even if there are challenges set to be at large, their proficiency and work can stabilize the growing market of networks.
Future plans
Development of the platform's scalability. This will introduce more applications and more users.
Introduction of Vertical Scaling, Horizontal Scaling and Data Access Scalability.
Upgrades on Developers. This will equip the team with better tooling and faster applications development.
Development on creating decentralized filing systems to access applications to host files on any web browser.
Users Development. Upgrades on the system security and making it more user friendly.
Enterprise Growth. Having a structural and efficient approach in enhancing the enterprise’s flexibility and compliance.
