Why EOS?
You need to scale up to a million users, but you can not
If you are going to create several DApp (decentralized applications), then what options do you have today?
Corda and Hyperledger Fabric are only for private networks and have limited support for smart contracts.
RChain, Rootstock, RSK, are not yet released and are not ready for production.
BitShares and Graphene have very good bandwidth, but the capabilities of smart contracts are limited.
Polkadot has not been updated in the last 6 months.
NXT, Waves, Lisk, Tezos, Tauchain (you will name them ...) are not competitors
It seems that only Ethereum remained, which has very poor performance and high transaction costs.
Why not try to combine the scalability of Graphene and the powerful smart Ethereum contracts together? Etherum will switch from Proof-of-Work to Proof-of-Pock (scheduled for late 2017 / early 2018), so we have time to create a new competitor.
2 months ago, Dan Larimer left Steemit to (obviously) develop / promote his new tool. Welcome, new killer of the Etherium!
I created Steam with a team of 2 developers working for 3 months
EOS = blocking + bots
At present, there is little technical information. But EOS is not just smart contracts + high scalability. He has a completely different design and vision than Ethereum.
EOS uses the Delegated Proof-of-Stake, as is Graphene.
He uses the network bandwidth distribution system to effectively share the blockbuster.
It's like sharing time. This is similar to owning an instance of the Amazon web service that you can share
In EOS, the readable source code ("bot") is loaded directly into the block system. As we know, smart contracts ethereum are binary data.
If there is an error in the application, the community can freeze it, and then issue a fix. Very interesting!
EOS is structured as a group of people and / or scripts (bots) that exchange messages among themselves. This can be seen as an e-mail system where each user or bot has an account
An account, also known as an "Application", is a private JSON-formatted database, accessible to any researcher of the blockroom.
All communications between applications have self-described interfaces and a declarative permission scheme. This means that you must describe what messages your application wants to receive and what it will send (possibly). This allows applications to fence off each other, but still allows them to communicate.
Unlike e-mail, the recipient and all the accounts copied in the message have the ability to reject the message, in which case the message will not be delivered to them
Dan's answers
IN 1. How do smart contracts work in parallel?
Dan's answer: "All contracts are processed in the same chain, the messages are in a chain of blocks, and not in a state. Each individual account acts as its own chain and maintains interaction between all other accounts without stopping, so determinism is preserved. "
AT 2. Are there any blockboys comparable to EOS?
Dan's response: "No, this is a gradual improvement in Steem and Bitshares. This is a general case for those special cases. It is based on more than 4 years of continuous development and innovation in the communities of Bitshare and Steem. "
AT 3. Do you plan to run Steemit over EOS?
Dan's response: "EOS can support applications such as Bitshares or Steem. But it totally depends on the Steem team. "
AT 4. What does EOS mean? Ethereum on steroids
The answer to this question is Dan: "Hahaha, no"
Conclusion
Wow! Great product. Can not wait to see and try. We are going to be one of the first developers of applications for EOS. By the way, the EOS logo is a geometric structure that forms the heart!
The only bad thing is that they now have Brock Pierce. I think he's a drug addict. Which is not good for the team. I'm sorry. Even the constitution of the detachment will not help.
From the official channel of EOS Telegram:
"Now Brock Pierce at the microphone. It seems like he's like having a hangover from a party last night. "
Do you think that EOS is the killer of Ethereum?