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What is EOS ? Is EOS better than ethereum ?

What is EOS ?
EOS is a blockchain technology basically like Ethereum which has been brought to life by Dan Larrimer. He is also the creator of Steem and BitShares. On June 26, 2017 the project starts its ICO. Features Parallel Processing: The ability to do things in parallel, faster transcation speeds and more scalability. A Constitution: A set of rules on which everyone agrees upon, these are linked to every block mined. Self Sufficiency and Evolution: The current model allows for a 5% inflation, this will be used to develop the network further. Dapp Support: EOS is similar to a decentralized operating system, in practice this means that developers can build applications on EOS. Owning EOS coins is a claim on server resources. A developer needs to have EOS coins to use the EOS blockchain. This operating system will be hosted on servers (data centres) which in return will also be block producers. Block rewards in EOS are the incentive for these servers to host EOS applications. The applications running on this decentralised OS will be able to communicate with each other, there will also be measures to “firewall” applications. Applciations use very common functions such as user/password, user interfaces, backend (database) management. This means that applications can share frameworks or libraries which make development faster, more secure and less technical. For example, applications will have their own secure database and file space on EOS. EOS will allow developers to create blockchain applications with which end users will easily interact with. Probably most users would not even know that they will interact with one when using EOS as this will be completely transparent to the users. Etherum does a very poor job of making interacting with their blockchain a user-friendly process. EOS main competitor Etherum, demands users to pay for every transaction. EOS will not do so. This will incerase adoption. ERC20 like tokens can be created on EOS, this means that ICOS can be hosted on this blockchain. not Bugs The EOS system provides a governance model based on block producers than can vote on which transactions are confirmed, whether an application is running correctly and on changes to the source code of individual applications as well to the EOS system itself. This means that the community can actively upgrade, downgrade, and fix bugs in the system in a democratic and secure manner. No Trouble Performing The EOS system reduces the latency and maximizes performance by structuring each block (produced every 3 second currently and being tested at 0.5 seconds) even more finely into “cycles,” which are sequentially performed. Cycles are in turn structured into “threads” that run in parallel within cycles. This allows for messages and transactions to be sent and responded to within single blocks and between blocks, bringing the theoretical bottom limit to the response time down to simply message transmission time over the net. bitcoin altcoin cryptocurrency investment news

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