EOS Is Going To Be Bigger Than A Sumo Wrestler

EOS is gonna be HUGE! I'm talkin' bigger than a sumo wrestler after Thanksgiving dinner huge.

EOS has some exciting projects in the works: Everipedia. Free air drops. And Bittrex building a new decentralized exchange on the EOS network.

Reasons Why I Think EOS Project Will Be Very Nice- Great Success (Use Your Borat Voice Here, People)

(taken from 9gag.com)

1. Scaling to 1million txs per second (power of delegated proof of stake… it doesn’t require a crap ton of electricity like some other cryptos do for transactions)

2. Mass adoption. EOS is going to be one of the few projects that will still exist a few years from now due to the fact that people will actually use the platform in the real world. 99% of coins are going to fail because they’re not going to be used in the real world.

3. Brendan Blumer, (CEO of Block.one) raised $1 billion dollars to essentially be used as VC funding for developers and businesses to build on top of the EOS platform.

4. Capture of decentralized storage market (EOS storage will take away business from SIA, storj, and other decentralized storage blockchain projects).

Businesses will need bandwidth, space and speed as well as storage and that’s why they would need to accumulate EOS tokens, which will end up driving up the price.

Friends Platform With Benefits

Are You Calling Me Easy?

Yeah, EOS, you're easy!

(imgur.com)

But not in a hooker-sort of way. So no worries.

I'm talking about how easy it will be for developers to build dapps (decentralized applications). There’s no other platform that allows you to build better dapps than on EOS, because there’s nothing faster and you don’t have to worry about clogged networks slowing things down.

Everything that is built on the blockchain will be connected with EOS.

EOS is like a highway.

Wait, no, it's like the new internet. It's both. The internet connects everyone together, right? Blockchain is the technology that every single industry is going to build upon.

That’s kind of a big deal.

Like, bigger than my tummy which is apparently trying to be super well-rounded (note to stomach: being well-rounded ISN'T always a good thing).

Lost password recovery

(imgflip.com)

This is going to keep you from freaking the fudge out if you ever lose your password. I lose mine as often as I lose my keys so... thanks technology, for finally trying to help me do something about my scatterbrain.

Scheduled Transactions

• Ability to charge and accept subscription payments on the blockchain
• Bring businesses to the yard blockchain

Sorry, EOS...you're just not a milkshake. Love ya, though.

Unlimited Transactions Per Second

It's raining transactions up in here!

This solves scalability problems we often hear about and I'll say it again... mainstream adoption from existing businesses. Businesses are gonna hop on this bandwagon.

Oh My Gosh It's Free!!

Oh... you like free stuff? Good.

'Cause there are free transactions for the regular everyday network users. There’s a socialized cost, though, for the hodlers, in the form of 5% inflation, which will pay block producers. Just so ya know. About that whole inflation thing...

...it's been brought up by some people as a potential concern.

But there’s nothing about the model (or EOS governance) that should have you worried. In fact, according to a recent post by @EOSnation and @EOSNewYork, it could actually end up being a scenario where it’s deflationary.

Kind of like my pride after I accidentally walked around with food in-between my teeth all day (if you're a good friend, fyi, tell your homie when they have food stuck in their teeth.... mkay?)

Anyway… fee-less transactions for users and potentially ‘inflationary-less’ block producers.

Yeah, that's a game changer.

This brings me to my next point. If there are any problems with the EOS platform, I have no doubt that the EOS team have thought about it in advance. Even if they haven't, I'm positive they would address it with the right solution(s).

EOS is engineered with optimum performance and adoption in mind.

The Larimers also aren't pulling things out of their butt (like some people tend to think). They have a deep understanding of potential pitfalls due to their experience of what works and what doesn’t work, from Steem, Bitshares, etc.

I also like the 21 elected block producers on EOS, which themselves can be made up of a distributed network of people and hardware. Centralized? Maybe.

But the nice thing is that they can be voted out at any time. If you expand beyond 21, then you get to the point where there are too many block producer candidates to keep track of.

This lets us accurately vote and keep the ones that are best suited for the EOS ecosystem.

As for free transactions...

The network is free to use. But if you are a developer hosting an application, you'll likely want to make sure that even under heavy loads on the network, that you will have enough bandwidth, computation, and storage to host your application (without any issues or delays).

EOS tokens are a guaranteed allocation of network resources to you, as a developer, and creator.

Basically just look at Steem. It's a blockchain. It's free to use. Everyone who signs up gets to use the network every day within normal usage parameters.

And, if you want to do bigger things? No problem. Go get more Steem (which you can earn :) or buy and use, but also resell, later down the road if you need).

Besides everything I've said...

The one thing that I think is most important for the growth of EOS...

...is it being developer friendly APIs, it having libraries for various languages, and it having clear and easy-to-use documentation.

Why is that important?

Because there are a crap ton of good developers out there... and the key to success is to make it super easy for high-level developers, engineers, and builders to get started.

EOS, in my opinion, will deliver a ton of value for society (in a variety of ways). In fact, anything built on the principle of value for value gets my approval. Chocolate with sea salt gets my approval, too. I'm sorry if that causes you to question my judgement, haha.

(image from albanesecandy.com ...hmmm...think they'd pay me in chocolate to be an affiliate?!?)

Love, @nomadicsoul

P.S. If you wanna read another mediocre article from me about crypto, here's one I did on Bitshares.