Major cloud service providers are showing increased interest in joining blockchain networks.
Published by Block.one in June 2018, the EOSIO software is a blockchain-based smart contract platform aiming to power large-scale decentralized applications. The network uses a computation and storage resource exchange in place of transaction fees to create an easier user experience. Chief technology officer Dan Larimer previously founded two blockchain networks, Steem and BitShares.
The EOS protocol operates on a different consensus algorithm than Bitcoin’s proof-of-work called delegated proof-of-stake, which prioritizes speed and scalability over absolute censorship-resistance and decentralization.
A unique aspect of EOS is its approach to governance, or how tokenholders on the network vote and implement changes to the protocol over time. When a new user joins EOS, they must first sign the EOS User Agreement, which defines the rights of users on the network as well as methods for dispute resolution.
EOS is competing against a growing number of smart contract platforms including Ethereum, Cardano, NEO and Tezos, among others.
"I have seen this movie before," said the ex-banker with reference to DeFi.8403
They've also brought in a Goldman Sachs veteran to lead Block One's advisory board.11430
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels.32534
Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon.24861
EOSIO explorer Bloks.io now belongs to another firm.5516
A review of the public beta of blockchain property trading game Upland, following the launch of its second city, adding New York to the previous real estate in San Francisco.4742
Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed.33266
Bitcoin’s strong move above the $12,200 resistance could boost sentiment and lead to a stronger rally in select altcoins.39220
Bitcoin is nearing the end of its consolidation phase and the resulting move will determine if altcoins continue to outperform BTC price in the short term.37467
Equilibrium is not quite ditching EOS, but Polkadot will be its new home.8255
China’s first government-backed blockchain initiative has just launched an official international website.14447
EOS has long been the most legitimate competitor to Ethereum, so what does the upcoming ETH 2.0 implementation hold?9950
According to a leading blockchain security auditing firm, Cardano will become the second biggest DeFi platform behind Ethereum, dwarfing Tezos.14448
Trump's TikTok Ban could see 80 million people flock to crypto, which would be great news for Bitcoin price and the entire cryptocurrency space.43474