About EOS Block Producers

in minergate •  6 years ago 

There is plenty of difference between Proof of Work and Proof of Stake based blockchains, and they are much deeper than simply algorithm distinction. In PoS-based networks, great attention is paid to the idea of blockchain contributors within the exact network. Unlike PoW mining, where people choose mining pools and equipment by their performance and profitability, in PoS blockchains, like EOS, hardware performance is a secondary criterion, while the idea behind exact block producer is first for most of the users.

Philosophy, mission, and ideology are the cornerstones of the new blockchain era. And each BP candidate in EOS is striving to propose the most ambitious and intriguing goals and ideas to attract the potential user. Together these Block Producers are acting as route planners for the whole EOS blockchain, as soon as BPs exactly are those who develop the network.

Blockchain for charity

The great example of such ideological EOS BPs is GenerEOS. On the website of this project, you can find all the required information about their servers’ architecture and more importantly - mission and philosophy behind the team. GenerEOS is an Australian project, passioned in charity support. The thing is pretty simple, yet promising - GenerEOS, being EOS BP, will assure proper work and development of the network, while the reward for producing blocks will be reassigned on charity needs. The team believes that blockchain-based funding of charity projects will boost the entire sphere, improve and enlarge a number of supportive programs in the world.

Hawaii Life support and developing the network

Another great example of the philosophy behind the EOS BP Candidate is a well-known AlohaEOS. The project proposes a number of handy tools for EOS users, like Block Producer and Vote Proxy research portals, BP benchmarks, and EOS Testnets, while they are Block Producers themselves. As a purposiveness of gained reward, AlohaEOS listed two general directions - development of various tools for EOS users and support of the Hawaii Life Charitable Fund.

High-load systems and DAC environment

The MinerGate team, as you may already know, also launched its own EOS Block Producer in late December 2018. Being an expert in high-load solutions and creating bulletproof infrastructure, MinerGate BP is backed with own DAC ecosystem and DApps support.

Summary

There are dozens of various EOS Block Producers, with their own ideology and purposes, however, all of them are more or less the same in one key thing - such variety of options is making possible to shape the entire blockchain into something more than just a platform for scalable DApps and Smart Contracts. Almost every Block Producer will find someday its bakers, users who will be guided by the same ideas of BP creators. This way, diversification will become a new branch of decentralization and make blockchain and cryptocurrencies a great tool for future developments.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

big scam in minergate cloud mining in xmr and btc

yes it scam

Congratulations @minergateeosbp! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 10 upvotes. Your next target is to reach 50 upvotes.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!