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EOS

EOS EOS

  • Build dapps
  • Digital currency
  • Enterprise
  • Platform
$1.11 Price
-4.91% % 24h
-1.5% % 1h
Score
$519,284,342 Mkt. Cap
$29,085,600 Vol. 24h
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EOS project purpose and description

Short description

The vision before us is a single global contracting blockchain that can scale up to handle a long-tail of businesses negotiating contracts for mutual advantage in a safe and secure environment. An EOS blockchain is intended for highperformance messaging with business logic. Popular use cases will include supply chain, resource management, usermessaging such as social media, asset issuance and trading, accounting for remittances, and gaming. A typical use case might be Uber. Ride-sharing is based on setting standards of behaviour for the driver and for the passenger. If drivers and passengers were part of the same community, there would be an immediate benefit - the base of liability and standards of behaviour would be covered under community constitution and dispute resolution, and their contracts could be bilateral rather than intermediated, thus minimising any regulatory difficulties. Then, as the contracts can be bilateral, the business flow could be split up: tracking passengers in the market, tracking cars available, finding a match, negotiating a contract, performance, settlement, pricing, and social tracking could all be built as separate DApps that interact.

Abstract

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.

Link to Roadmap: N/A
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