Exchange EOS

EOS is a carefully calculated project that is fueled by the faith of the community in need of a qualitatively new product in the blockchain market. Already now we can confidently assume that EOS accumulates and uses the experience of many successful products. Against this background, the huge amount collected on the ICO does not look accidental. EOS was the answer to the difficulties in implementing the capabilities of smart contracts in Ethereum for many promising areas. Bitcoin and Ethereum in their current state is simply unprofitable and inconvenient to use for some areas that require large network bandwidth. Bitcoin, Ethereum and other platforms are clogged with traffic. Ethereum can only process tens to hundreds of transactions per second. For example, the speed of PayPal is about 200 transactions, Visa is about 2000 (with peaks up to 4000). On Twitter, Bing and Facebook — from 500 to 1000 transactions/sec. EOS solves the scalability problem by increasing throughput hundreds of times. But, directly compare this engine with Ethereum is quite difficult, because they have a seriously different architecture. EOS initially has a hierarchical system of accounts and many management functions available to network members. These decisions are made on the basis of voting by stakeholders of the system and can greatly change the parameters of the system. For the developer of smart contracts, if we leave aside the blockchain, EOS offers, in fact, a database with an account system, access, and logic of which is controlled by the developer of the contract. EOS allows you to focus solely on the business logic of applications, giving the developer almost all the necessary tools to work with accounts and their data. That is why EOS can be called almost an operating system on the blockchain. EOS tokens give users a proportional share in network bandwidth, storage, and processing power: if someone owns 1% of the EOS tokens, they will always have access to 1% of the network bandwidth, regardless of the load on the rest of the network. Startups and individual developers can purchase a small part of the network bandwidth, use their own projected bandwidth and computing power, or lease it. This solution allows the network to increase capacity without changing the cost of transactions. Moreover, EOS allows you to transfer the payment of the transaction to the recipient’s contract, which allows you to create free dApps for the client.