EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.
The Most Powerful Infrastructure for Decentralized Applications
Scalable Support thousands of Commercial Scale DApps Parallel Execution Asynchronous Communication Separates Authentication from Execution
Flexible Freeze and Fix Broken Applications Generalized Role-based Permissions Web Assembly
Usable Web Toolkit for Interface Development Self Describing Interfaces Self Describing Database Schemes Declarative Permission Scheme
Equal Opportunity To ensure inclusivity, EOS Tokens have no pre-determined price; rather price is set by market demand. This mimics mining without giving potential unfair advantages to large purchasers.
Broad Distribution The EOS Token distribution takes place over 341 days which is expected to provide ample time for the community to familiarize themselves with the project, as well as participate in the distribution.
Transparency An Ethereum smart contract proves receipt of incoming funds for EOS Tokens.
Software engineer and advisor Rated on Dec 24, 2017
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Dan Larimer brings a lot of haters to the party but his vision of EOS is based on tons of practical experience building blockchains and apps that really works and are now processing the most transactions of any public blockchain per day, and being used by real people who know nothing about blockchains, cryptocurrency, or who "Satoshi Nakamoto" is. That in my books speaks volumes.
The have assembled a big pile of cash from previous ventures, they have created a monstorous year long ICO that is raising more piles of money. That is controversial and is once again adding to the haters.
However in spite of all that the team is building real software and early versions are processing 10,000 TPS on a single thread. This will scale up and out. It brings all the same benefits of STEEM with accounts with role specific keys. Sidechains. ZERO transaction fees. Waste-free dPOS (not PoW). Storage. Naming. Etc. etc.
I have to ding them on product a because it isn't all out there yet and contracts still have to be written in a pretty low level language (web assembly). But other languages are coming and they are ahead of schedule.
Ethereum may eventually achieve parity in many areas EOS is crushing it, but it will probably years away. In the mean time we will have a modern million TPS blockchain available this June. And haters be damned, EOS.IO have said they will give at least $1B of ICO funds back to bootstrap app development for it.
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