EOS

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Official site (website): https://eos.io Official Facebook account (fb): https://www.facebook.com/eosblockchain Github: https://github.com/eosio Official Telegram channel (group): https://eos.io/chat/ Official Twitter account: https://twitter.com/EOS_io Official Steemit account (blog, article, news): https://steemit.com/trending/eos Official Steemit account (blog, article, news): https://steemit.com/@eosio YouTube video (channel): https://www.youtube.com/channel/UCbc7vIgwb-sPSckU0FbWmRg

Truth and facts[edit]

  • EOS is a decentralized, open source software to provide the best infrastructure for decentralized applications through enabling vertical and horizontal scaling using blockchain architecture.
  • EOS is built on Ethereum smart contract.[1] EOS is like a more easy version of Ethereum platform for people to built their decentralized app. Ethereum is a more advanced and hardcore platform. There are many pre-built features to enable users to build their decentralized applications on top of EOS platform more easily.
  • EOS Dawn 2.0 is released.[2]
  • EOS technical white paper on Github.

Key features [1]

  • Scalable - Support thousands of Commercial Scale DApps, Parallel Execution, Asynchronous Communication and Separates Authentication from Execution.
  • Flexible - Freeze and Fix Broken Applications, Generalized Role-based Permissions, Web Assembly.
  • Usable - Web Toolkit for Interface Development, Self Describing Interfaces and Database Schemes, Declarative Permission Scheme.

Official

  • The EOS.IO Testnet has arrived. Scalable decentralized applications can now be built and tested in a public environment.[1]
  • Slogan: The Most Powerful Infrastructure for Decentralized Applications.

Tokens

  • EOS Token is an ERC-20 compatible token.
  • EOS tokens are of equal opportunity, which means EOS tokens are purely determined by the market and has no pre-determined price.[1]
  • EOS ICO was on 26 June 2017.


Video Playlist[edit]

EOS:IO Why Blockchain?

00:00 Blockchains are based on the concept of free speech.
00:06 Everything you say is published to a blockchain.
00:09 Blockchain is an irreversible public record that's replicated across computers all over the world.
00:14 There's no one server that you can shut down that can take away what you've said.
00:18 Every transaction or every message sent over the blockchain is as if a notary has stamped it by using the summation of world computing power to perform an equation what we call hash, and that allows us to ensure that it hasn't been tampered with.
00:33 We really want to remove corruption from everything.
00:34 We want to make everything resilient not just to corruption but to any type of interference from those who would attempt to shutdown or harm what we want to do as a free society.
00:47 And so by having not one source of truth but many sources of truth that are all in consensus and all in agreement, you can build really powerful systems that can change the world.
00:58 Banking, legal all of these things are just going to be layers of technology that speak to each other and allow us to trust the technology in an auditable, conclusive way without having to rely on any centralized entities to look out on our behalf.
01:11 Peer-to-peer systems resist corruption, they resist attempts to shut them down, they route around censorship, there's no single point of failure.
01:19 The Internet itself is peer to peer and it was designed to resist nuclear war.
01:23 So what we're seeing is publicly traded companies, large exchanges, a lot of the projects that have reached the limits of what existing platforms can do today.
01:31 Getting very excited about what years fundamentally makes possible.
01:35 And this is potentially the software that may change the world.
01:43 By allowing every individual to have more oversight on a consistent basis and how things are operated, how money is spent, ensures that there's just more accountability and more efficiency in the way that we do things.
01:53 I believe it represents the next evolution of human assembly.
01:55 Blockchain technology and use in particular our background technologies, so it's like the technology to connect the banks, it's the technologies that power every website you use.
02:07 Block chains are just a really better data architecture, it's a database, you shouldn't know how databases work in the same way you don't need to know how the technology and your phone works, because it's not relevant.
02:18 What they need our products and services that are going to change and improve their lives.
02:22 The first time an average person hears about an insurance product for example, that half their premiums and gives them more inclusive service that they can rely on.
02:31 When a child with cystic fibrosis has to submit some type of experimental surgery to the insurance claim and they're being judged or approved by other people in their same situation.
02:42 This is going to lead people to adopt cryptocurrencies so that they can take advantages of the services that lower premiums or provide just fundamentally better products.
02:50 We're disrupting the centralized services that are taking a cut out of everything.
02:55 These systems in which the internet is built on was still a world designed for paper and at some point we have to throw out the old system, and the blockchain is essentially the enabling technology on which we're building the new world.
03:08 That means having reputation, identity, dispute, resolution all on a blockchain.
03:13 We take these things for granted that we got bank accounts and credit cards and these things that make our lives kind of function well and most of the world doesn't have it.
03:24 And so in the same way that the internet democratized knowledge and information and communication.
03:28 This technology is about to democratize the financial world and it's the least fortunate people on the planet that stand to benefit the most from it.
03:37 I'm continually blown away at the things that people are coming out and talking to us about, whether it's using the blockchain to subsidize universal basic income, to using the blockchain to curb global warming.
03:50 What I've seen and what I've become convinced is that the blockchain is capable of doing things that even governments are not.

EOS.IO: Decentralize and Disrupt

00:00 It's about making change, it's about making improvements.
00:07 When the status quo is working for you, you don't want change, and we're living in exponential times where things are changing so rapidly in progress is being made at a pace that's unprecedented, it's never been seen before.
00:21 And so in this new world, it's you know, innovate or die and so disruption I think is a great way of describing you know, what innovators are doing today, they're disrupting the status quo, for the betterment of other.
00:31 Decentralizing usually refers to decentralizing power.
00:35 So when we say decentralize everything, we want to make everything resilient not just to corruption but to any type of interference.
00:44 The way delegated proof of state works, the real-time consensus is controlled by over 20 people, which is significantly more decentralized in terms of censorship resistance and real-time control and influence and how many people are verifying things.
00:56 I actually think that blockchain, I don't put it in the class of disruptive technologies, I put it in the class of fundamental technologies.
01:04 It's not something that's just coming in and quickly disrupting everything but it's a fundamental technology like the Internet, in the sense that we need to actually go back and rebuild everything.
01:13 This is like having cement for the first time and the first products we built, you know we're learning about how to maximize this technology.
01:21 And so I think that blockchain is not going to be something that quickly displaces the incumbents.
01:25 But something that totally replaces everything after we relay the foundation.
01:29 In this new world is no longer about me anymore it's about we, it's about doing things for other people because in this new world, the more you do for other people the more you benefit.
01:39 Everything becomes open-source, everything become shareable and anything that you do that benefits the system benefits everyone,01:48 and anything anyone else does benefits you.
01:52 This technology allows us to all come together and start governing ourselves in a way that we want to be governed.
01:57 This allows the masses to continually be part of the spending process, the budgeting process, the governance process.
02:03 That's where we're going, that's the future, is that everybody works together.
02:06 We building decentralized systems where everything you do benefits everything.

What is EOS in a Nutshell

00:00 What is EOS in a nutshell? you might have heard of EOS which has some have been calling it an Ethereum of color and that's a really really big claim.
00:07 So today I'm going to talk about what is EOS, the people behind EOS, and how it's going to go on a crowd sale and finally where you can find a little bit of more of information about EOS as well.
00:20 So let's start off by summarizing what is the key concept behind EOS.
00:27 EOS will be a platform to support decentralized apps, that is this core, and it's designed to be a very easy way for developers to create decentralized apps.
00:38 So first you might ask what is this decentralized app?
00:42 Well the Ethereum name service is a very good example of a decentralized app, it allows you to buy various Ethereum based domain names by interacting with this kind of app using smart contracts.
00:56 You can programs bid on a name, then you can send various amounts of ether for a bit, and now you're interacting with a decentralized computer, there's no central authority here.
01:09 And with this is a good example as well because when you interact with it with a small transact, you actually pay in gas, you have to pay for it and it makes sense, because while you're getting a product of a product out of it, in the form of a domain, Ethereum domain.
01:28 Well that might be good for some apps such as think your name service, but let's take it to the example of another type of decentralized app which is steemit.
01:39 Steamit is actually at it's very core a decentralized blogging network, it's a decentralized social network and you might say well, steam is not on Ethereum, why uses this example?
01:52 Is because steam it is absolutely possible to be built on a EOS.
01:57 So you can actually build a whole blogging network on EOS, and the whole idea of EOS is to make the creation of such blogging network possible and easy to create without worrying about lots of codes, and that's the beauty behind it and that's the beauty of this example as well.
02:19 Because the creator of EOS is also the co-creator of steemit and of pictures as well as dan Larimer.
02:26 The main person you want to follow is EOS.io, there's a blog for EOS as well for information on the EOS platform.
02:33 EOS difference from Ethereum in a sense that EOS is easy mode while Ethereum is hard mode.
02:42 Ethereum to create apps, you must really write the app then put it into machine code and to run on a Ethereum network.
02:50 With EOS they try to make that easier and have these kind of decentralized apps in readable code on a EOS network.
02:58 And not only that there's a lot of significant changes and upgrades to this process.
03:05 For example you no longer need start smart contracts to interact with EOS decentralized apps.
03:09 So users no longer have to pay money to interact with it and that makes a lot of sense for some text email, if you want to submit a story you don't want to start creating smart contracts and sort of spending money to do that.
03:22 EOS also provides basic services such as database management, account management and other services on the platform already.
03:30 So you don't have to rewrite the code for it.
03:33 On Ethereum if you wanted to do that you have to rewrite a lot of different sorts of code for all these features and have to do it yourself.
03:42 Well EOS provide these features as a base, it's kind of like Windows as an operating system, EOS is an operating system for the creation of small apps.
03:52 And that's why EOS is so powerful because it has so many of these tools built inside already.
03:57 Right now EOS is still at its infancy, there's a white paper and it's development on github.
04:03 The white paper details things such as they're proof of state system, the load agency, the fuses and a lot of the key features of EOS, and that's a really great place to start kind of reading and learning a bit more about EOS.
04:18 The EOS whitepaper can be located on steemit and we'll put the link below.
04:23 Obviously a huge project like EOS needs funding, and it's going to seek funding through an initial coin offering.
04:32 And an interesting thing about the ICO is that it's going to use Ethereum to host it, it's going to create a RSC 20 tokens on the Ethereum network, and it's going to go through a very interesting initial coin offering.
04:45 A lot of international coin offerings we've seen last just hours, with a maximum goal and once it reaches a goal it closes.
04:54 With EOS it's going to be different, it's going to last a whole year, this is the first type of ERC tokens sale that's going to go through this process, it's going to be very interesting to follow as well.
05:07 So how it's going to work is that every day during this year, after it starts rather, it's going to have a certain amount of tokens that's going to be up for grabs, and it's going to be distributed in proportion to how much the total amount is being paid, and that sounds crazy right.
05:26 So if you basically if there's two competitors for it and someone pays 8 Ethereum and someone pays 2 Ethereum, then 80% will go to the person who put paid 8 Ethereum and found 20% will go to the person who paid 2 Ethereum.
05:40 So this reviews like that and it's going to last a whole year.
05:43 The objective of this is to kind of stabilize the price and also it's going to try to gain more recognition, it's going to keep on pumping and pumping and pumping out different news and different information about it over the whole year and a lot of different people to participate.
06:01 So it's going to be a very very interesting token sale and it's going to be quite interesting to follow in the future and I've definitely uncovered that once it's about to go live.
06:10 And lastly how do you find information about EOS?
06:12 Well, steemit is a great place, steemit also always has a fond memory of its co-creator dad Lara mer.
06:21 So there's a EOS blog on steemit that can follow, and also we can follow EOS tag on steemit, and these are great places to find more information about EOS.
06:30 If you guys want to know more information about EOS, do put a comment below about what questions and what features of EOS you are most interested in.
06:39 I'm I'm going to do a video to cover that in the future.
06:42 Guys thank you so much for watching this video, I hope you enjoyed it, I have tons of other videos about various cryptocurrency coins, news and more.
06:49 So if you follow my channel and subscribe, you will not miss out on any of that.
06:53 Thank you guys so much for watching, see you next time.

Frequently asked questions[edit]

  • What is the difference between EOS and Ethereum?
Both EOS and Ethereum are decetralized app platform which allows decentralized applications to be built on them. You can think of EOS as a more easy version of Ethereum. Ethereum is more for hardcore and advanced developers while EOS provides more basic features and user friendly interface to enable developers to write less code for their applications.

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