Disclaimer: Information Based on eos.io
What is EOS?
EOS is a blockchain utilizing "an operating system-like construct upon which applications can be built." It boasts that it has the ability to perform millions of transactions per second, gets rid of all transaction fees and supports an environment for decentralized application creation.
In simple terms that we can all understand quickly, this platform is quite similar to Ethereum, however, it is trying to position itself to be the go-to platform for creating decentralized autonomous organizations (on easy-mode) or as they call them decentralized autonomous communities. They seem to be aiming for the less advanced developer, allowing "anyone that can make a website" make a DAC on the EOS platform.
EOS is structured in the Cayman Islands for the purposes of being an "exempted" company and is named Block.one.
It is an opensource project, Block.one has released the EOSIO software with the open-source MIT license.
ForkTheCrypto Opinion
EOS might be a great thing for entry level and mid-level developers seeking to enter the profession of dApp development, or for people to mess around with DAO creation. However, their launch strategy is fairly old-school wall street style, get private money, limited access to the few and keep the rich and poor divided. ForkTheCrypto is a basic income, equality utopia supporter, so we don't give them any gold stars for that. ICO is fine and good, but while ICO is blockchain's greatest power, it is also blockchain's greatest weakness.
At ForkTheCrypto, we believe Bitcoin isn't the likely future, as far as we're concerned, its just not set up for true global adoption. But Bitcoin entered the world the right way, and whatever is the future needs to enter the way it did.
Side Note:
Help yourself and support my, Blake Letras' effort to give you free stuff! I believe in the future cryptographic utopia of the blockchain, and one thing out there that can really change the world is Brave Browser. Why?!?!?! Youtube and the internet are full of ads and trackers, it kind of really sucks, but try using YouTube once with Brave and you'll be hooked. No ads, yeah, its awesome, plus no tracking. Toss in DuckDuckGo as your primary search engine and even the search ads go bye bye. Save time, save data, spend them on yourself.
Brave is 100% free to use, folks, why not try it? Give Google the birdie wave and go Brave!
or click here:
https://brave.com/for042 Click it, good... I'm proud of you!
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Oops yeah you can check them out at block.one & eos.io
Always feel free to check ForkTheCrypto.com out too, they provided this material.
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