EOS – decentralize everything
Buy EOS – Huge ICO
ICO of the EOS.io platform organized by Block.one. They collect over $ 4 billion for further development of the project in one year! Initially, EOS was a token founded on the ERC-20 platform, in mid-June 2018 it was moved to its own mainnet. EOS is a decentralized platform with an open source code, enabling the creation of decentralized applications (dApps), smart contracts, sharing computing power and making fast and secure transactions using the EOS token. IF you want to know how to buy EOS – check our link at the bottom of article
EOS – Specification
Firstly, EOS blockchain will support 15,000. transactions per second while eliminating transaction fees. The target transaction confirmation time on the EOS network is to be half a second. The EOS network is based on the Delegated Proof of Stake (DPoS) algorithm, which assumes that EOS token holders vote for 21 delegates, called Block Producers. They are responsible for confirming transactions and joining new blocks to the EOS network, for which they receive remuneration.
EOS – centralization
However, the current EOS network is not fully decentralize. This happens, among others because only 21 Block Manufacturers are unable to provide sufficient network dispersion. In addition, EOS has its own original network management model in which there are arbitrary instances, such as the EOS Core Arbitration Forum (ECAF), which are design to resolve disputes in the community and respond in the event of irregularities.
ECAF as an arbitral tribunal also has extensive powers, allowing, for example, to order Block Manufacturers to freeze specific EOS wallet addresses in the event of suspected theft of funds or a hacker attack, which occurred at the very beginning of the network. The 21-point EOS constitution, which covers all cryptocurrency holders, also includes a controversial 17 point, under which the address of a wallet from which no transaction has been made for three years can be irrevocably removed, and the funds that were placed on it put up for auction.
How to buy EOS – Tutorial
Finally, you know more about EOS token. Now, its time to buy your first EOS. Learn how to do it with us – click button below for how to buy EOS and also other crypto guide.