EOS is an operating system-like blockchain architecture platform led by the blockchain wizard BM (Daniel Larimer), which aims to realize the performance expansion of distributed applications. EOS provides accounts, authentication, databases, asynchronous communication, and program scheduling on hundreds of CPUs or clusters. The technology's final form is a blockchain architecture that can support millions of transactions per second without paying for usage by ordinary users.

Since the birth of Bitcoin, innovation in the digital currency market has never stopped, Litecoin, Ripple, peercoin Coin and others have been released one after another, but at present, among the top ten currencies by market value that year, except for Bitcoin, Litecoin and Ripple, the rest of the currencies seem to have disappeared from people's vision, and the market is always turbulent. Only those who can stand the test can survive.

Later, a man named Daniel Larimer stood out from many entrepreneurs. Daniel Larimer's bitcointalk screen name Bytemaster translates to the meaning of code master.

Because of seeing that the centralized exchange caused a lot of unnecessary troubles due to many human factors, and even went bankrupt, he decided to start a decentralized exchange, which was later bitsharesBitShares, two years later he left BitShares and founded steemit, and the domestic currency was created by borrowing his ideas. After he left steemit, he started working on the EOS project in 2017, and the chapter of EOS also began.

The story of BM and Satoshi Nakamoto has always been ridiculed. At first, BM had many questions about Bitcoin on the forum and couldn't understand it. He asked Satoshi Nakamoto, but Satoshi Nakamoto said: "If you don't believe me Or don't understand what I'm saying, sorry, I don't have time to convince you."

A master only needs one move. If BM is the top master in the world of martial arts, then Satoshi Nakamoto is undoubtedly the peak of the peak. Ancient and modern, but only one defeat.

Advantages of Grapefruit (EOS)

Everyone knows that Bitcoin only supports up to seven transactions per second, while Ethereum previously supported up to seven transactions per second Only 15 transactions are supported. At the end of 2017 and the beginning of 2018, the popular Ethereum network's cloud cat game directly This caused serious congestion on the Ethereum network. In order to make the transaction complete quickly, users had to increase the gas fee to allow miners to package first.

Obviously, this kind of processing speed cannot meet the growing needs of users. At the same time, due to the bull market at the end of 2017, the Bitcoin network was congested, making the miner's fee as high as hundreds of dollars.

Precisely because of the above-mentioned problems in the Bitcoin and Ethereum networks, BM started to work on the EOS project to solve the deficiencies in the innate architecture design of Ethereum.

http://EOS.IO is a platform software designed to provide the underlying blockchain architecture for vertically and horizontally scalable distributed applications. It does this primarily by building an operating system-like structure on which applications run. Its goal is to provide a new blockchain architecture platform and provide a high-performance and high-availability distributed application platform for various blockchain applications.

Characteristics of Grapefruit (EOS)

1. The consensus mechanism of BFT+DPOS. In EOSdawn4.0 released by BM, it is said that EOS adopts the consensus mechanism of BFT+DPOS. DPOS is similar to the parliamentary system in the United States. Each supernode is similar to a member of the parliament. There are a total of 21 supernodes, which are elected by all EOS holders. This "parliament" has a great decision on the entire ecology of EOS Right, if you want to implement a certain plan, you need 15 votes from the super nodes to implement it. The reason for adding BFT Byzantine fault tolerance is to improve the security and stability of the system.

The fault tolerance level of BFT-DPOS is 1/3. Only when more than 1/3 of the block producers conduct malicious attacks on the entire network, the network may fork. According to DPOS, it is possible to calculate and determine which verifiers are responsible for the attack, and then destroy their equity tokens and remove them from the network, thereby preventing forks.

2. The transaction is free. When using Ethereum to transfer money, you need to pay a certain amount of gas, and EOS has certain inflation characteristics. Super nodes are rewarded by issuing up to 5% of EOS per year, so that users do not need to pay miners to the nodes when trading. . Compared with the miner fee of tens of yuan or even hundreds of yuan when Ethereum is congested, this is also quite attractive to users.

3. EOS software provides a complete account system, which can help developers quickly develop their own DAPPs. However, if they want to develop DAPPs on Ethereum, they need to spend more time to develop the underlying modules. At the same time, the technical team spent A lot of time to optimize the process of block construction and application. In the new model, a block is created by a sequence of APIs applied to that block. Doing so ensures that the same code path is followed and minimizes inconsistencies between producers and verifiers when validating.

Pomelo (EOS) Evaluation

According to the Google Popularity Index, EOS is the most popular in China, followed by Germany, Czech Republic and Switzerland.

Technically, it is supported by big names in the industry. It took a year for the EOS token sale to be funded. The main network will be launched in about 2 weeks. If the scheduled target can be completed on time, EOS has a bright future.

As a project that has not yet been launched, EOS financing has reached 4 billion US dollars, which is unprecedented.

There was a saying in the circle, "In the currency circle, only 10% of people bought Bitcoin, and only 10% of people didn't buy EOS." It is enough to see how excellent the community foundation of EOS is. And this is inseparable from the election of super nodes. People are expecting that EOS will be positive all the way, straight to four digits.

In order to pursue efficiency, BM has already deviated from the track of decentralization of blockchain technology.

In DPOS, bookkeepers are not called miners, but witnesses (Witness). In EOS, BM has invented a new word: Block Producer, referred to as BP, which is translated as a super node. There are 21 super nodes in EOS. Super nodes need to participate in the election, and only the nodes that win the election can produce blocks. In EOS, the 21 super nodes that won the election will produce blocks in turn.

According to the EOS white paper, EOS will issue 1% more each year to those who maintain nodes (originally 5%, then adjusted to 1%). The total amount of EOS is 1 billion, and 1% means 10 million. 476,000 EOS can be allocated. According to the current price of 100 yuan, each super node can be allocated nearly 50 million yuan a year.

The election of the super node itself is a competition for the control of EOS, and the election of the EOS super node has gradually revealed the fangs among the major capital interests.

The EOS main network after its launch did not become a super-bottom public chain capable of supporting a large number of commercial-level applications as expected. Instead, it has experienced problems such as launch delays, security vulnerabilities, and main network downtime. The currency price once fell Break 20 RMB.

Pomelo (EOS) super node competition

As the launch of the EOS mainnet and the super node election approached, a big positive line of EOS directly soared into the sky in early May 2018. Regarding the income distribution of supernodes, the document released by BM mentioned that a maximum of 5% of the additional issuance will be issued each year, of which 4% will be distributed by the future staff suggestion system, and 1% will be divided into two parts, 0.25% block reward and 0.75% Voting rewards.

Among them, supernodes are divided into 0.25% per block according to the number of blocks, and 0.75% means that all supernodes (including backup nodes) will also be commissioned at a rate of 0.75% per vote according to the total number of votes they receive. There is a prerequisite that these candidates must be able to obtain 100 Tokens per day, otherwise they will not be able to obtain any fees.

Pay attention to the above part, this mechanism will lead to nodes with more votes at the time of voting, can get more benefits.

EOS Releases Educational Products

Since the launch of the mainnet, EOS has been in a state of silence. In March 2019, BM frequently spoke out, revealing that there will be heavy news on the first anniversary of the launch of EOS.

BM said that this will be the biggest news since the birth of EOS.io.

If Sun Yuchen hadn't been ignored by the Disciplinary Inspection Committee of the entertainment industry, BM would never have regained its reputation as a sales genius.

In the following months, BM leaked news in the telegram group several times, whether it was the most powerful team or the upcoming blockbuster product. Every word brings full expectations to market users.

The press conference is scheduled for June 1, 2019, International Children's Day.

The first product released by EOS is a blockchain education project, a promotion project of EOS, learning to earn EOS.

The second product released is the Wasm parser, which will increase the contract speed by 12 times compared with the first version EOSVM released a year ago. After that, EOS launched WebAuthn authentication service and EOS Yubico Key hardware products. The former is used for authentication, and EOS can use Yubico Key to sign on-chain transactions through WebAuthn.

Undoubtedly, the expectation of the EOS 1st anniversary conference is to bring more confidence to the market through the launch of new products, but the drop of more than 10% during the conference already shows the market's reaction.

Looking back on the development of EOS this year, is it true that BM has realized its "finding a free market solution to protect all life, liberty and property"? (Part of the content comes from the author: Principal Wang of Blockchain, Benpao Finance)