What Is EOS? How Does EOS Blockchain Work?


Blockchain has a great spark and got double the hype when creating a separate blockchain network for various industries. It all set to take up in 2008, a mysterious peer to peer cryptocurrency-based financial system called Bitcoin and it has paved a way for a technology called Blockchain. Now Blockchain- technology which has resulted in a great breakthrough for its highly secured features and functionalities and it is moving far beyond cryptocurrencies.
Over the Evolution of Blockchain Ecosystem, here aroused various blockchain networks such as Ethereum, TRON, Steller, Waves and so on. Now the EOS is in the queue up. Other than any other blockchain EOS seems to be more supportive of developing blockchain applications, tokens, dapps and more.
What is EOS?
EOS is the popular Blockchain Technology, based on the Decentralized platform that was founded in 2017. This Blockchain Platform is to support the wide-scale of industrial Decentralized Applications, which is also designed similar to, as well as more than that of Ethereum Blockchain core functionalities.
The Objective of the EOS
To Support Decentralized Applications (DApp)
To remove the Transaction Fees.
To conduct millions of transactions every second.
Agreed to be that the World's seventh largest blockchain is EOS with a high value of $3billion by Market Cap, since February 2019.
Here the EOS Blockchain will give you the best Smart contract functionality and also offers you an environment with high-end security and authentication. This EOS Blockchain Platform also provides you an Operating system with a handful of services and functionalities that is necessary for Decentralized applications.
Like most blockchains, EOS also has its own native cryptocurrency named as EOS.
How Does EOS Work?
This EOS Blockchain Platform provides an Operating system with services that includes server hosting, cloud storage, and user authentication, and work by Delegated Proof of stake
Scalability and Usability is the major drawback of Blockchain Technology, Isn’t it?
It turned out to be a situation where the rate of transaction speed with Ethereum is extremely low. Hence here, EOS played a wide role of "Ethereum Killer" that is it will work as Ethereum and also beyond that of Ethereum. Of course, both Ethereum and EOS have the capability to build a dApp on it, supported by smart contracts.
Bitdeal - EOS Blockchain Development company
Being as one of the best EOS Blockchain Development Company, having a team of experts in creating highly Advanced EOS blockchain solutions to satisfy the new trends of industry-specific needs, also having a success rate of project deliverability all over the globe.

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