The Tech Behind EOS

The Tech Behind EOS

Depending on how informed you are when it comes to following new developments in the world of cryptos, you may or may not have already heard of EOS. This is young crypto that has an open-source infrastructure and so much potential that many of the most magnificent cryptos in the world feel threatened by it. Let’s find out why.

As mentioned previously, the team behind EOS understands the needs of the online users. Because of that, they are implementing a lot of things that are and will be needed. We are not talking about a couple of improvements here, but instead, it is an entire futuristic setup, which means that EOS plans to stay for a while.

It will provide DPOS (Delegated Proof of Stake), which is another Dan’s creation. Then, users will have the chance to use names instead of addresses while creating their account, which will eliminate the need to remember long addresses which can, at times, be completely unreadable.

Another new feature will include roles and permissions, which will allow for pretty much anything when it comes to sharing data. You, as a user, will be able to decide who has access to data that you store on the blockchain, who can have an influence over it, and so on.

Additionally, the EOS whitepaper also mentioned sandboxing. According to the whitepaper, when an app starts acting unusually, the account’s code can be replaced without hard fork being performed on the entire blockchain. This is something like freezing the said account. A lot more is mentioned by the whitepaper, but apparently, some very big changes are coming with EOS.

Finally, let’s also mention the transparency. To allow anyone to enjoy the participation in EOS ICO, the team distributed their coins during 341 days. A lot of people believed to be an act that indicates a scam, designed to trick investors and get away with a few million.

The result of the decision to make this kind of ICO is a lot of money. According to some estimations, the team might end up with anything from $2.3 billion to $8 billion or even more. It definitely marks one of the most successful ICOs in history.

So yes, with all that (and more) going on for EOS, even before the platform was launched, it is definitely a smart investment. Eventually, it might be seen as one of the most significant steps towards utterly decentralized society.

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