Ask the average person what a “Blockchain” is and they will probably scratch their heads. The blockchain is a public digital ledger that can be shared among users. The great thing about blockchain is that records of transactions cannot be changed without the consensus of parties in the system. Each record is called a “block”. Each block is linked to a specific party. It also eliminates the need for a trusted third party.
The blockchain is the backbone of cryptocurrency. In the case of EOS, it what’s to build on the blockchain’s many possibilities by making it easier for developers to create dApps. What will separate EOS from other platforms is its promise of speed. EOS wants to ramp up to 50,000 transactions per second. That is something look forward to.
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