create account

What is EOS and why is it about to overtake Litecoin in marketcap? by bluabaleno

View this thread on: hive.blogpeakd.comecency.com
· @bluabaleno · (edited)
$0.37
What is EOS and why is it about to overtake Litecoin in marketcap?
Let's quickly take a look at the market cap of the major cryptocurrencies today.

![coinmarketcap 4.10.18.PNG](https://steemitimages.com/DQmeMTJ1Br2ivVxQusPbUnBtskS1esfbMNhX4VqxH2RioiV/coinmarketcap%204.10.18.PNG)

The top five currencies are:

Bitcoin

Ethereum

Ripple

Bitcoin Cash

Litecoin

----

Out of the top five, two are forks of the original Bitcoin protocol (Bitcoin Cash, Litecoin) with only minor changes to the block size and block time. They do have any real technological differentiation from Bitcoin.

Ethereum and Ripple are, what I would called 2.0 blockchain and 1.5 blockchain respectively.

The Ethereum builds on the Bitcoin concept and adds a scripting language that allows for more flexibility to what can be programmed on top of a blockchain.

Ripple uses the concept of distributed ledger technology to facilitate better inter-bank transactions. 

---

They both draw their philosophies and design principles from Bitcoin. 

Ethereum still uses proof-of-work to secure their network, a concept that has been discarded by most new architecture. 

EOS is a different animal altogether. It has different origin and a different approach towards building blockchains.

I'll be going over the whitepaper section by section over the next week. 

You can find the whitepaper here: https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md

Hopefully that will give you a better understanding of what EOS is trying to do and what it is trying to do and how it can change how we create companies of the future.

---

Post end notes

---

If you would like to know more about me and what I'm doing you can read my introduction post [here.](https://steemit.com/sndbox/@bluabaleno/bluabaleno-world-traveler-and-entrepreneur-from-new-york-city-and-now-part-of-snbox)

Read my series on the Steem blockchain:

Steem: Welcome to the Matrix. [Part One](https://steemit.com/promo-steem/@bluabaleno/steem-content-in-cash-out-part-one)

Steem: Operating on the Matrix. [Part Two](https://steemit.com/promo-steem/@bluabaleno/steem-content-in-cash-out-part-two)

Steem: Construction of the Matrix. [Part Three](https://steemit.com/promo-steem/@bluabaleno/steem-construction-of-the-matrix)

And you can contact me in the following way:

![Steem Blockchain presentation_ Entering the Matrix (19).jpg](https://steemitimages.com/DQmTepETHcRuRoo4ac5bdDxongmELCTH459biFzKesii1bM/Steem%20Blockchain%20presentation_%20Entering%20the%20Matrix%20(19).jpg)
👍  , , , , , , ,
properties (23)
authorbluabaleno
permlinkwhat-is-eos-and-why-is-it-about-to-overtake-litecoin-in-marketcap
categoryeos
json_metadata{"tags":["eos","litecoin","cryptocurrency","steem","bitad"],"image":["https://steemitimages.com/DQmeMTJ1Br2ivVxQusPbUnBtskS1esfbMNhX4VqxH2RioiV/coinmarketcap%204.10.18.PNG","https://steemitimages.com/DQmTepETHcRuRoo4ac5bdDxongmELCTH459biFzKesii1bM/Steem%20Blockchain%20presentation_%20Entering%20the%20Matrix%20(19).jpg"],"links":["https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md","https://steemit.com/sndbox/@bluabaleno/bluabaleno-world-traveler-and-entrepreneur-from-new-york-city-and-now-part-of-snbox","https://steemit.com/promo-steem/@bluabaleno/steem-content-in-cash-out-part-one","https://steemit.com/promo-steem/@bluabaleno/steem-content-in-cash-out-part-two","https://steemit.com/promo-steem/@bluabaleno/steem-construction-of-the-matrix"],"app":"steemit/0.1","format":"markdown"}
created2018-04-11 12:06:27
last_update2018-04-11 13:18:48
depth0
children1
last_payout2018-04-18 12:06:27
cashout_time1969-12-31 23:59:59
total_payout_value0.304 HBD
curator_payout_value0.061 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,467
author_reputation2,530,227,636,742
root_title"What is EOS and why is it about to overtake Litecoin in marketcap?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id49,482,022
net_rshares80,581,406,670
author_curate_reward""
vote details (8)
@shafiqraza ·
very informative
👍  
properties (23)
authorshafiqraza
permlinkre-bluabaleno-what-is-eos-and-why-is-it-about-to-overtake-litecoin-in-marketcap-20180411t120855500z
categoryeos
json_metadata{"tags":["eos"],"app":"steemit/0.1"}
created2018-04-11 12:08:51
last_update2018-04-11 12:08:51
depth1
children0
last_payout2018-04-18 12:08:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length16
author_reputation-698,361,060,370
root_title"What is EOS and why is it about to overtake Litecoin in marketcap?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id49,482,368
net_rshares600,032,859
author_curate_reward""
vote details (1)