Crypto for the Average: A good explanation of EOS to newbies

in eos •  6 years ago 

Ok, so from time to time I share, giving full credit to the original author. Why?....because sometimes; "I couldn't have said it better myself" See link below.

So, watch the video: It's a great comparison of Ethereum and EOS and various coins/platforms and shows, without going into too much technical info, how EOS 'can be' considered the best option.

I have a few questions though: How is the amount of coins given to those staking their coins, the block producers, determined? Is there a formula based off of transactions? Quite curious. And,....where do the award coins originate from? From the 10% held by Block1? I understand that the block producer who stakes the most coins (has the most votes) gets the most coins, but how is that initial # of reward coins calculated?

Good luck. Don't worry about the downtrend,....blockchain technology is not going away. Several coins won't last the test of time, but we know that already---now don't we?! (discussed in previous post)

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