Community post
What is EOS? Laymans Explanation
Hello world! With the recent news around EOS launching its mainnet soon I have been getting asked a lot "What actually does EOS do?". I found a great post by an EOS block producer on Reddit.
In other words, its the architecture and infrastructure needed to scale blockchain for the real world. Pretty much every blockchain available right now is slow, very slow, gets expensive under heavy traffic. The two most important principals needed when bringing this blockchain thing to real world and in the case of EOS both of these arent issues at all. Transactions are free and the blockchain will be able to handle millions of transactions per-second. If theres any blockchain that starts the mass adoption it very well could be EOS.
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Replies (4)
In my opinion EOS is one of the best cryptocurrency TOP 3 . I see big perspectives in this project . Brilliant article
Thanks!
I think its going to be huge as well, could take a little time for things to spin up, but totally has more legs than many other blockchains to bring blockchain to the real world.
Good post, EOS is definatley the most exciting project this year.
I try to define EOS as a global operating system for blockchain interaction and Ethereum as just a single super computer.
Great point, ETH tx fee's and speed are another huge downside that EOS simply doesnt have.