About the author

Henry is the Founder and Executive Managing Director of Compumatrix and Networks International. He is also the Editor-in-Chief of the Compumatrix Bloggers' Network.

Comments

  1. EOS is said to be a third generation blockchain platform where money payment like bitcoin BTC and smart contracts as in ethereum ETH combine for the development of decentralized applications know as DAPPS

  2. Looks very promising and has some great features like scalability, flexibility, usability, governance and self-sufficiency.
    Any blockchain based on the EOS software will have to generate a 5% natural inflation per year which sounds very good to me 🙂

  3. As I understand The aim of EOS is to build a blockchain platform that can process thousands of transactions per second without on-chain transaction costs. When they produce blocks, they are paid by the EOS blockchain itself, removing the fees from the user. The EOS token has a built-in inflation-rate which helps maintain the ecosystem The overall cost to the user is much less than other blockchains and the transaction are much faster

  4. As I understand The aim of EOS is to build a blockchain platform that can process thousands of transactions per second without on-chain transaction costs. When they produce blocks, they are paid by the EOS blockchain itself, removing the fees from the user. The EOS token has a built-in inflation-rate which helps maintain the ecosystem The overall cost to the user is much less than other blockchains and the transaction are much faster. I see great potential in the financial industry around the world.

  5. EOS has a very bright future. They are well-capitalized and have a stellar team. EOS aims to become the preferred platform to develop and host DApp’s. This is the fastest-growing space in the BlockChain ecosystem. I actually own a few Coins of EOS and it’s doing well and also have used EOS to play some games called Wombat. Interesting games. They do take your money if you don’t know what you are doing. The games are very interesting. EOS is a very interesting coin and I’m glad I have gotten into owing some of them.

  6. This EOS concept of having a random selection of validators of transactions seems to be so much more cost effective, speedier, and yet still secure, that I wonder if other major crytpos won’t end up doing hard forks to incorporate these concepts. The lack of any inflation rate may also work against systems like Bitcoin in the long term so we will see who wins in the long run.
    Also, the scalability issue is so much better that they truly can compete against the Visa’s of the world.

  7. EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. Wikipedia

    What does EOS do?
    EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.Oct 28, 2018
    Courtesy: Google

    Is EOS good investment?
    During 2020, EOS has fared much better and is showing signs of a strong recovery. … Even at current prices, which are near local lows, EOS has provided early investors with a 240% ROI. At the previous all-time high, EOS brought 4669% ROI for early investors who bought the ICO and then sold the top.
    Courtesy: Google

    What is EOS in Cryptocurrency?
    Updated Feb 13, 2018. Calling itself the most powerful infrastructure for decentralized applications, EOS is a blockchain-based, decentralized system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform.Feb 13, 2018
    Courtesy: Google

  8. EOS is one of those innovating competing forces will drive BTC and all the other altcoin systems to have to step up their game and innovate with the future. How wonderful that so many algorithms and systems have been spring boarded off of Satoshi’s original idea for the Blockchain and Bitcoin. Anything that speeds up the hash rate and transactions will be a strong player in the future of crypto.

  9. I agree with the replies thru this thread and one thing I know from Business and being in business for many years is that competition breeds competition and that does nothing but make winners of those that work smart and wise and do not run from competition and strive to be the best they can be — I like that thought and success normally follows within time — good read thank you

  10. EOS was founded by Dan Larimer and is unique because it claims to be able to do millions of transactions per second with no charge. The way they are able to scale is by using delegated proof of stake where people vote on the block producer who generates blocks. Also, EOS rewards people based on production rates and the amount they have within the system – that way only trusted people are able to generate blocks.

  11. I just have to add that the speed of doing business or just business is so beyond my thought process –being in business back in the 70s as a kid and 90s as younger adult and knowing all the hands on and people to people meets and such and now you go online and do this or that in 5 minutes it is done what used to be a week process — can only imagine back before phones and electric and even cars — wow how far has this computer age internet— just wow — just amazing —

  12. The explanation on the video was quite fast and what was being said was like greek to me, lol. A big thank you for the comments that followed about the EOS concept I got to learn something new again. Amazing indeed that what Bitcoin started is being challenged and the blockchain system enhanced by like-minded competition, all for our benefit. The future looks bright in crypto world.

  13. I find scalability to be of vital importance for blockchain and for daily living. The human species does best when it is evolving, learning and adapting. Without this adaptation life would become stagnate and limited. Scalability is necessary for long term utilization of blockchain and for the human species it is a driver for greatness! EOS is setting the bar for blockchain creating reward and order which also benefits the human species.

  14. To buy EOS or not to buy EOS seems like the question of the day. There is a good argument for scalability and consistent mega transaction times w this defi OS. This is the major issue we will need to overcome for BTC mass adoption. It sounds like EOS and Ethereum may help tackle the fiat giants of the world. Taking down those big rates of Visa, Amex and Citi would be so pleasurable in watching.

  15. I really like how EOS uses proof of stake rather than proof of work because proof of work takes so much longer to complete transactions. I appreciated being able to watch an in-depth video instead of reading another blog post. I love the blog posts, but it is good to switch things up every once and awhile!

  16. oh absolutely as i read and re-read blogs and replies and put each of those postings into perspective — am just impressed and even more surprised actually by the thought process of so many people — almost believe that as they look at this or that — the actual truth or answer is not as complex as we some times make it out to be — KISS — keep it simple stupid — so close to being exactly where life needs to be at —

  17. Excellent blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol

  18. Excellent blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my site loaded up as fast as yours lol

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