New to Publish0x? Sign up. Earn crypto every time you read or write an article.?
EOS
Existing blockchain platforms are burdened by large fees and limited computational capacity that prevent widespread blockchain adoption. Applications on the blockchain require a platform that is flexible enough to meet the following requirement: Support Millions of Users. Competing with businesses such as eBay, Uber, AirBnB, and Facebook, require blockchain technology.
Blockchain
EOS enables blocks to be produced exactly every 0.5 second and exactly one producer is authorized to produce a block at any given point in time. Anyone may choose to participate in block production and will be given an opportunity to produce blocks, provided they can persuade token holders to vote for them. Byzantine Fault Tolerance is added to traditional DPOS by allowing all producers to sign all blocks.
EOS allows accounts to define what combination of keys and/or accounts can send a particular Action type to another account. Multi-user control is the single biggest contributor to security, and, when used properly, it can greatly reduce the risk of theft due to hacking. EOS allows each account holder to define their own hierarchy as well as the grouping of actions.Each individual block producer using the software may calculate resource usage using their own algorithm and measurements. When a block producer concludes that a transaction or account has consumed a disproportionate amount of the computational capacity they simply reject the transaction. In general, so long as even 1 block producer considers a transaction as valid and under the resource usage limits then all other block producers will also accept it.
Multi-Signature Transaction
EOS provides users a way to restore control of their account when keys are stolen. With a multi-signature transaction, another entity is made a party to every transaction that is executed. By contrast, with the recovery process the recovery partner has no power over the day-to-day transactions. This dramatically reduces costs and legal liabilities.
Advantages
EOS enables the sender to pay for bandwidth, computation, and storage. This empowers application developers to pick the method that is best for their application. The value of the tokens will impact the amount of bandwidth, storage, and computation a producer can afford to purchase.
EOS enables blockchains to establish a peer-to-peer terms of service agreement or a binding contract among those users who sign it. The content of this constitution defines obligations among the users which cannot be entirely enforced by code. The constitution also defines the human-readable intent of the source code protocol. This intent is used to identify the difference between a bug and a feature when errors occur.
CryptoKraut - Investing, Mining and Trading made in Germany
Social Media
Publish0x
Exchanges
Bitfinex
Crypto-Games
Splinterlands
GalaGames
High Yield DeFi
APE Tron
