Decentralization of EOS

1.

EOS can be understood as enterprise operation system, which is a blockchain operating system designed for commercial distributed applications. EOS is a new blockchain architecture, which aims to extend the performance of distributed applications

blockchain originated from bitcoin. On November 1, 2008, a person who called himself Satoshi Nakamoto published the article "bitcoin: a peer-to-peer e-cash system", which elaborated the architecture concept of e-cash system based on P2P network technology, encryption technology, timestamp technology, blockchain technology, etc., marking the birth of bitcoin

extended data

the main features of EOS are as follows:

1, decentralization. Blockchain technology does not rely on additional third-party management institutions or hardware facilities, and there is no central control. In addition to the self-contained blockchain itself, each node realizes information self verification, transmission and management through distributed accounting and storage. Decentralization is the most prominent and essential feature of blockchain

2. Openness. Blockchain technology is based on open source. In addition to the private information of all parties involved in the transaction is encrypted, the data of blockchain is open to everyone. Anyone can query blockchain data and develop related applications through the open interface, so the information of the whole system is highly transparent

3. Independence. Based on consensus specifications and Protocols (similar to various mathematical algorithms such as hash algorithm used by bitcoin), the whole blockchain system does not rely on other third parties, and all nodes can automatically and safely verify and exchange data in the system without any human intervention

source: Network - EOS

2.

EOS has officially entered the era of low inflation

last week, two proposals launched by the EOS community node "EOS nation" passed smoothly. One is to sign more proposals, retiresaving: "destroy the 34106869.1596 EOS accumulated in the eosio.saving account with 4% inflation before."; The other is set inflation: it is proposed to set the total inflation rate of EOS at 1% and not inject it into eosio.saving account. These two multi signature proposals have been successfully passed into implementation, marking that EOS has officially entered the era of low inflation

on the other hand, Brendan Blumer, CEO of block.one, quoted bm's old article "blockchain governance proposal" to tweet that pledge reward is a powerful tool, which can help further coordinate win-win incentive mechanism, promote growth, and ensure the long-term security of public networks. Block.one has started to write code to enable eosio based blockchain to realize pledge function in an unprecedented way

comments: the proposal to rece the inflation rate of EOS main network from 5% to 1% was passed by the community overnight, which shows the power of decentralized governance and proves that it is a proposal to maximize the interests of the holders. But at present, the good news that EOS has officially reced the net wide inflation rate to 1% has not been reflected in the trend of currency price

3. EOS's vision is to become a public chain that can run a large number of commercial applications, and its core feature is "commercial"
in order to ensure decentralization and security, current public chain projects such as bitcoin and Ethereum have certain limitations in block scalability. Although the introction of Ethereum's smart contract has greatly enriched the application of blockchain, it also reces the threshold of issuing coins, making Ethereum's network very congested. Many existing public chains have the problems of slow network transfer speed, high cost, low concurrency or poor stability, which can not support the operation of real large-scale commercial applications
according to the white paper of EOS, EOS adopts the graphene block chain architecture, and the bft-dpos consensus mechanism reces the number of verification nodes, but makes the scalability of EOS significantly enhanced, and can support fast transaction processing speed. At present, bitcoin system can transfer about 7 times per second, while Ethereum can transfer 15 times per second; In contrast, EOS's white paper says it is expected to reach a million level TPS in the future
in addition, EOS provides a good development environment for users and developers. The transaction on EOS network does not need to charge service charge, which improves the user experience and makes it easier to attract users; EOS provides developers with a friendly underlying mole, which can support a variety of programming languages and rece the difficulty of DAPP development. Developers can focus more on the function implementation of the developed application.

4. After the hard bifurcation of etc, ETH came into being. The relationship between the three currencies is just like that between yen, won and US dollar

5. Although it is now in a bear market, I believe that the price of EOS currency will rise. Look at how hot the EOS DAPP is now. On January 10, the state information office issued the regulations on the management of blockchain information services, which I think is a signal. Another point is that there are more and more decentralized exchanges based on EOS. If EOS is not good, how can there be so many exchanges? We all know that the exchange is the most profitable

so if we survive the bear market, EOS will definitely break out. EOS decentralized exchange will also usher in the spring. Whaleex, in particular, now has the largest trading volume in the world, and its security is particularly good. Everyone is mining on it, and the trading depth is strong. From the perspective of the community, the iteration speed of their procts is also very fast, and they will soon be able to support cross chain transactions. At that time, not only EOS users, BTC users and eth users can quickly trade on them

I believe that when the bull market comes, it will rise against the wind. I am optimistic about it.

6. The full name of EOS is "enterprise operation system", which is a highly available public chain. Transactions can be confirmed in almost one second
bitcoin was born to realize a point-to-point cryptocurrency system, while Ethereum realized Turing's complete virtual machine on this basis, making the blockchain a computing platform, and EOS is a computing system by nature. The smart contract on EOS is similar to various programs on our computers. Even the EOS token itself is a contract
generally, we use some kind of cryptocurrency and need an address. When collecting money, others just need to transfer money to this address. However, there is no concept of address in EOS. If users want to use the EOS blockchain, they must create an account on the EOS chain to use it

the creation of this account is actually a contract transaction, which requires an account that can be used to create. This is also a factor that has a high threshold for the use of EOS blockchain, because at the beginning of the launch of EOS, there were few accounts available, and there were no tools (such as wallet) for users to create accounts

moreover, creating an EOS account consumes ram. According to the soaring price of ram, it takes several EOS to create an EOS account, which is also very expensive.

7. Block.one is the founding team behind EOS. CTO is BM (byte Master), formerly known as Daniel Larimer. At present, it is the only person in the world who has successfully developed three decentralized systems based on blockchain technology in a row. It is the co-founder of bitshares, steel and EOS
in 2009, BM began to contact bitcoin. At that time, in the forum, BM questioned Nakamoto's big God because of the slow transaction speed of bitcoin, and was rebuffed by big God, which became a hot topic. In 2013, BM began to develop a decentralized exchange, bitshares, which injected a bit of vitality into the market full of counterfeit bitcoins at that time. Its market value ranked the highest, reaching the fourth place in all digital assets. However, e to the inadequate preparation and constant bugs of the first generation BTS, and the disagreement between BM and its team members, BM left bitshares and founded stem
stem is a decentralized social network platform based on blockchain technology. In stem it, members can participate by posting, replying, discussing, and commenting, while participants can get rewards in the form of digital currency. The higher the quality of Posts and the more likes, the higher the rewards they receive. This is a subversion of the traditional media platform. Steemit's highest market value ranking ever reached the third place
in 2017, BM quit steemit and turned to develop EOS project. EOS has absorbed all the technology accumulation of the first two projects of BM, and under the aura of BM, it has gained huge market attention as soon as it was announced.

8. There must be some people who can make money, but it should still be a small number. The real money makers are long-term investors. I don't know who makes money every day. So if you want to make money on bitcoin, you have to have a good attitude and then make long-term investment. If you want to buy bitcoin, you can trade it on the okex bitcoin exchange. You can skip the legal currency and buy it directly in RMB, which is more convenient. I'm very glad that you can adopt my answer. If you have any questions, you can continue to ask. Thank you

9. Coin an mining pool not only provides mining services, but also provides position rebate services. It allows miners to automatically switch the hash rate to mine the three most profitable supporting coins based on SHA-256 algorithm - bitcoin (BTC), bitcoin cash (BCH) or bitcoin Sv (BSV). This new function can increase the average income of users using this function by 1%. Help miners make more money.

10. BCH is greatly affected by the sales of mining machinery, and there is no better consensus. EOS consensus is wide and has high TPS. Indivials are optimistic about EOS blockchain, which is an important concept of bitcoin. In essence, it is a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods, Each data block contains a batch of bitcoin network transaction information, which is used to verify the validity of the information (anti-counterfeiting) and generate the next block.