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What is EOS and why is it relevant? by dana-edwards

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· @dana-edwards · (edited)
$295.64
What is EOS and why is it relevant?
EOS is a new project being developed in part by Dan Larimer the technical designer behind Steem. EOS will enable smart contracts similar to what Ethereum enables but with interesting performance and scalability benefits. 

https://youtu.be/9C3qFqJQ4Pw


https://youtu.be/PJ-KJXTTTWA

- EOS uses Web Assembly which is a performance oriented language they arrived at by benchmarking. 
- Ethereum is limited in it's ability to do decentralized apps and cannot handle large ICOs without bogging down the network as Dan Larimer discusses in his [blog post]()

> We had always intended to use a small, tight scripting language to write out contracts for EOS, and the initial choice was Wren. A few weeks back I managed to run a test with an empty contract. This revealed performance of about 1000 transactions per second; far too slow for our target performance.

> Over the past couple of weeks the EOS development team has pivoted away from the Wren programming language and embraced Web Assembly. Today we would like to update everyone on the progress and initial results we have achieved.

As we can see, Dan Larimer and team are taking a very pragmatic data driven approach to design decisions. When it was discovered that Wren wasn't as good for performance as expected or required for the goals of the project they swapped out Wren in favor of Web Assembly.  Web Assembly is a new paradigm for web developers which can allow utilization and compiling of many programming languages such as C, C++, Rust, even Solidity. This will enable quick porting of many code bases over to EOS quickly provided that they get this right.

https://www.youtube.com/watch?v=lX98HiuK3tQ

- EOS will have a token sale and will require a token.
- EOS is an operating system for decentralized apps.
- EOS can handle scheduling and communications to possibly allow communication between decentralized apps.

Conclusion
----

I will not be selling my Steem and would not recommend doing so. In the possibility that Steem or parts of Steem can be ported to EOS then we can all reap the benefits. EOS need not be an Ethereum killer to be extremely successful, as in it can reach a very high market cap and benefit the Steem, Bitshares, Peerplays and overall Graphene ecosystem. As all of these projects use Graphene and all of these projects are built up from the same base community it will be very easy for network effects in my opinion to boost all associated projects.

Instead of selling Steem, now is a good time to be earning Steem and saving those earnings in order to participate in the EOS ICO.

**If you liked my post, please follow @boxmining and @ivanli .**

References
---------------
- - - -
1. https://steemit.com/eos/@boxmining/what-is-eos-in-a-nutshell
2. https://steemit.com/eos/@ivanli/programmer-explains-eos
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vote details (155)
@boxmining ·
$0.28
Hi @dana-edwards ! I appreciate your enthusiasm for EOS and the article is great. However, I would highly appreciate it if you asked if you could embed my content on this post! I spent a lot of time making the video. Original Post is here https://steemit.com/eos/@boxmining/what-is-eos-in-a-nutshell
πŸ‘  ,
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@dana-edwards · (edited)
I resteemed your original post. I didn't see the original post when I saw the Youtube video. If you'd like a particular format for referencing your posts in the future let me know.
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@dobro88888888 ·
To participate in the EOS you need an Eth - The minimum amount is 0,01 ether.
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@dovlet ·
$0.02
we can buy EOS tokens only with Eth, or am I wrong? hence, we will have to exchange steems for eth
πŸ‘  ,
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@financialcritic ·
Correct, only Ether can be used for the ICO.
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@live2love ·
if you are in the usa you cant buy it 
https://steemit.com/ico/@live2love/eos-coins-not-for-us-persons-why
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@financialcritic ·
Does anyone really follow those guidelines though? Ether/USD spikes leading up to every ICO.
πŸ‘  
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vote details (1)
@dowha ·
$1.20
Hope this helps out  some people, wish us  all good luck https://steemit.com/eos/@dowha/5jy9k-why-you-should-not-buy-eos-on-the-first-ico
πŸ‘  
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@enomujjass ·
thank you for sharing
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@halfscreen ·
I'm still a big fan of Ethereum due to the fact it is back by big corporations such as Microsoft, Intel and BP to name a few.  I'm sure who is backing EOS.
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@hynet ·
Thanks for the info, that is cool
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@j0hndayt0n ·
$22.77
Don't you feel like your stealing these youtubers content?
πŸ‘  , , ,
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vote details (4)
@brendanwenzel ·
$0.35
The YouTuber is getting more views on his video and free publicity. I guarantee you that he's happy people are sharing his videos. If he didn't want people to share them, he would have turned off the embed feature.
πŸ‘  , , , ,
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@dana-edwards ·
$0.04
I link back to their content so it's not stealing unless it's against fair use to link to their content.
πŸ‘  ,
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vote details (2)
@boxmining ·
$0.09
a link is  great! you can always link t https://steemit.com/eos/@boxmining/what-is-eos-in-a-nutshell at the bottom of the post. 
The difference is when you embed the link inside your post.
πŸ‘  
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vote details (1)
@live2love · (edited)
$0.11
it can only help the youtubers with credibility and views. Additionally I would assert that the Youtuber is not using "original" content. The Youtuber did not have an original thought -he is reporting on ideas released by others...jus the way dana-edwards is also reporting on a report. Its the natural sharing of information that happens when people are not afraid of laws, restrictions.
πŸ‘  , ,
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@j0hndayt0n ·
It looks pretty original to me
πŸ‘  ,
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vote details (2)
@jonno-katz ·
I haven't been able to understand why the EOS is on the ETH blockchain. Doesn't that defeat the purpose of all the benefits of scaling on graphene? I still haven't been able to work out what use the EOS tokens will have as they are an ETH token.
πŸ‘  
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vote details (1)
@onthewayout ·
The initial sale will be on Ethereum only to take advantage of the network effect. Once that is done then a mecanism will be setup to claim the EOS token on the actual EOS blockchain. I don't have first knowledge of how it will be done...this is what I think will happen much in the same way that Peerplays did their ICO on Bitshares but then setup their own blockchain.
πŸ‘  ,
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vote details (2)
@live2love ·
EOS not accesible by US Persons
https://steemit.com/ico/@live2love/eos-coins-not-for-us-persons-why
πŸ‘  ,
properties (23)
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vote details (2)
@brendanwenzel ·
I'm sure there are ways around this. Hell, if you really want to get in on the ICO then take the time to research creating an entity in another country to funnel the money through. There's always a way!
πŸ‘  
properties (23)
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vote details (1)
@financialcritic ·
It's really not that complicated. Just click the box that says you are not in the US...and either hide your IP address or pay $10 bucks for a VPN that shows your IP in another country.
properties (22)
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@dana-edwards ·
This is for the regulatory defense of the developers. I endorse that tactic. At the same time if Americans really want to get the tokens they'll simply buy it from a third party. It is not a big deal.
πŸ‘  
properties (23)
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vote details (1)
@live2love ·
I suppose - but I really was excited to get in on the ICO - even saved for it. Meanwhile, theres a good chance that tokens will not be tradeable on exchanges that service US Persons
πŸ‘  
properties (23)
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vote details (1)
@longnshort ·
Resteemed. Great basic info.
πŸ‘  
properties (23)
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vote details (1)
@mandolincarls ·
Excellent publication !!! Upvoted and check my publications please !! Greetings.
properties (22)
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@maxtill94 ·
NEVERDIE ICO is LIVE. 
The first block chain based Virtual Reality gaming crypto! NEVERDIE coin will allow monetizing the game items in real cash economy game Entropia Universe. NOW game player can cash out their in-game money earned by playing game and can exchange NEVERDIE coin with other ERC20 tokens such as Gnosis, Golem, and Frist Blood.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first
![넀버닀이 μ˜μ–΄μ΄λ―Έμ§€.PNG](https://steemitimages.com/DQmUCtSap1yabosCfXNWRPVSz8QEX5fRHDn8DD3TLYBwH5q/%EB%84%A4%EB%B2%84%EB%8B%A4%EC%9D%B4%20%EC%98%81%EC%96%B4%EC%9D%B4%EB%AF%B8%EC%A7%80.PNG)
properties (22)
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@megico ·
![](https://steemitimages.com/DQmcHyHdBa3h8pu4waGEZrbEd3F6n26js2Ng2JcDf1oqZpR/image.png)
πŸ‘  
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vote details (1)
@podrock · (edited)
$21.87
Ok so I get EoS could bring a lot of scaling improvements than Ethereum has right now but why isn't anyone talking about what the Ethereum Foundation has in the Pipeline. I'm talking about Metropolis, Casper, Radian, Sharding. All of these protocol upgrades will fix the scaling issues. That being said,  I think EoS will still bring some cool features to the table.
πŸ‘  , , , ,
properties (23)
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vote details (5)
@financialcritic ·
Agreed. There is a barrier to entry when Ethereum has built up a network of companies working with them. They are the big fish for a reason right now.
properties (22)
authorfinancialcritic
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@live2love ·
thanks for the input Im learning stuff everyday on steemit
properties (22)
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@slefesteem ·
thanu @dana-edwards for this kind of informative post :) following you from now :)
πŸ‘  
properties (23)
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vote details (1)
@steppingout23 ·
I totally agree. Keep earning on Steem and save to participate in ICO. Great tip and will definitely hold  and earn with Steem.
πŸ‘  
properties (23)
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vote details (1)
@thecynic ·
Eos looks like a great speculation
properties (22)
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@dana-edwards · (edited)
If you use Steemit then think of EOS as a potential huge upgrade. EOS could give us the functionality of Reddit while keeping the decentralization and security.
properties (22)
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@warrenvee ·
Neat info Cheers :)
properties (22)
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@wicky ·
nice post , thats great , i upvoted. please do the same for me
@wicky
πŸ‘  
properties (23)
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vote details (1)
@zedem ·
I would invest but the ICO setup is off-putting.
properties (22)
authorzedem
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@zooom ·
There are cryptos and there are crytpos that help in maintaining the infrastructure of said cryptos. Thanks!
πŸ‘  
properties (23)
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vote details (1)