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IO — blockchain operating as a decentralized platform with support for smart contracts for creating decentralized applications. The basis of the blockchain is the EOS cryptocurrency. According to the specification published in , the platform was developed by the private company block. The open source application was released on June 1, The first test network of the project was called Dawn 1.

The following test network versions: Dawn 2. In June , the EOS. IO platform was presented to the public. On June 10, , the community launched its own core network.

IO software, which provides blockchain architecture. IO is designed with horizontal and vertical scaling for decentralized applications. The team created an environment that resembles an operating system and allows developers to create applications on it.

The blockchain of the project can be scaled to process millions of transactions per second without commission. It also simplifies and speeds up the development of decentralized applications. The team considers its software to be the most powerful infrastructure designed for decentralized applications.

They openly declare rivalry with Ethereum. In order to support the project by buying a token on the exchange or speculating successfully expecting a stable price increase , a strong technical base is needed for the selected project.

Regarding EOS, the benefits are as follows:. Many people compare EOS. IO with Ethereum, as it is currently the main competitor for decentralized applications on the blockchain. Most agree that Ethereum is not user friendly when it comes to interacting with the blockchain, which improves EOS.

In addition, Ethereum charges a transaction fee, but EOS. IO does not provide for this. EOS cannot be mined in the classical sense, because it does not work with the PoW algorithm. But there are other ways to make money. Passive income according to PoS: a certain amount of coins must be in the wallet in order to participate in the confirmation of transactions and the creation of blocks.

DPOS, or delegated proof of stake, is a consensus feature of this project. The EOS blockchain creates blocks every 3 seconds. At the same time, only 1 producer the name of the wallet owner in EOS has the right to confirm the block.

If a block is not created within 3 seconds, it is skipped. The system selects 21 wallets, they are automatically pseudo-randomly shuffled, the participants collaborate in creating the block. This avoids competition and forks: in the event of a branching network, the system automatically selects the longest chain. EOS also uses TaPos, a transactional proof of stake, which means that every transaction must include a hash from the last block header. In EOS, transactions are generally free.

The actual reward on most blockchains is the block reward. The main purpose of transaction fees, which are currently valid on most blockchains, is to prevent spam on the network — so as not to transfer tokens between two wallets endlessly if there is no charge. EOS solves this by providing applications with bandwidth proportional to the percentage of the total number of EOS that they have. And the price of the token does not affect the operation of the network.

It is also possible to earn money from such coins by supporting your server with a blockchain by launching a masternode. No information on EOS nodes yet. The EOS.

IO software is created by block. The project brought together consultants and employees around the world and focuses on developing software on the blockchain and other business-class technical solutions.

The distribution of tokens will last days, a period that is designed to give everyone enough time to study the project. Starting July 1, consecutive hour periods began, with 2 million EOS tokens distributed in each of them, a total of million tokens. This accounts for 70 percent of all coins. To make sure the token distribution is fair, there is no predefined price for the EOS token!

Its rate will be set based on market demand. IO team believes that this method does not give large buyers an unfair advantage. In other words, the amount of 2 million EOS sold every hour period will be proportionally distributed among the participants during this period based on the amount of ETH contributed. In order to ensure transparency, incoming funds are received through the Ethereum smart contract.

For example, let coins be distributed in a period. And the EOS course at that moment was 5: 1. After the first token distribution period, until June 1, , all EOS will become non-transferable on the Ethereum blockchain within 23 hours. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. VKontakte Twitter Facebook Telegram.

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Quickly fire up a personal Ethereum blockchain which you can use to run tests, execute commands, and inspect state while controlling how the chain operates. Need another OS download? Quickly see the current status of all accounts, including their addresses, private keys, transactions and balances. Configure advanced mining with a single click, setting block times to best suit your development needs. Byzantium comes standard, giving you the latest Ethereum features needed for modern dapp development. The full source code of Ganache is on GitHub! We welcome all contributions and feature suggestions. Like the taste? The recipe is open source!


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  1. Dir

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