Eos: some unkown features of eos

in eos •  7 years ago 

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I hear everyone talking about these features (for good reason):

Cluster grade scalability

Smart Contracts compiled in WASM

Sub-second Latency

Free transactions

Bandwidth and storage rate limiting for stake holders
Lost account recovery

The one that I am most delighted about, and I think that the market will agree with me in the future, is the fact that EOS allows for "resilient smart contracts". This feature means that EOS can handle bugs in your smart contract deployment without you needing to worry too much about hacks and unreliable code. This is because the block producers are "few enough" in number to change the code of a particular smart contract that has been hacked or failed in some way, but still decentralized enough to make the system hard to corrupt.

So why does this matter? No longer do we need to worry about events like the "Dao hack" or the "Parity Freeze" as seen on Ethereum. This is the one thing that I thought crypto would ABSOLUTELY NEED to figure out before massive deployment of blockchains in every day industry. This is the same limitation that I believe has been the main reason Facebook, Google, and Microsoft, have not yet deployed their own blockchains.

With EOS.io being as big as it is, and getting as much attention it has been in the recent months, I believe this feature will go a long way in convincing companies to deploy decentralized apps on EOS. That is my two cents.

COMPARISON BETWEEN EOS AND SOME OF THE TOP COINS

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