EOS the future of Blockchain.

I think this will be a game changer for blockchain based technologies with some superior features. This was a question of time, when this would happen.

The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.

EOS.IO software utilizes the only decentralized consensus algorithm capable of meeting the performance requirements of applications on the blockchain, Delegated Proof of Stake (DPOS). Under this algorithm, those who hold tokens on a blockchain may select block producers through a continuous approval voting system and anyone may choose to participate in block production and will be given an opportunity to produce blocks proportional to the total votes they have received relative to all other producers. For private blockchains the management will use the tokens to add and remove IT staff.

Traditionally, it is the business that pays for office space, computational power, and other costs required to run the business. The customer buys specific products from the business and the revenue from those product sales is used to cover the business costs of operation. Similarly, no website obligates its visitors to make micropayments for visiting its website to cover hosting costs. Therefore, decentralized applications should not force its customers to pay the blockchain directly for the use of the blockchain.

The EOS.IO software does not require its users to pay directly to the blockchain for its use and therefore does not constrain or prevent a business from determining its own monetization strategy for its products.

EOS - Ethereum killer?

EOS - DPoS and Negatives

More information @ivanli

Today we launched the updated eos.io website: https://www.eos.io, which includes details of the EOS Token Distribution schedule, which will commence June 26th 2017 at 13:00 UTC.

For anyone interested in reading more on the rationale of this distribution, check out this post: https://steemit.com/eos/@eosio/logically-consistent-principles-for-token-distributions

Conclusion

The problem Ethereum faces cannot be solved so long as it retains the current fee model and people insist on doing capped ICOs below market prices on a first-come, first-serve basis. These capped ICOs at below market prices might as well be million dollar giveaways. I am still looking for the "too many advantages of the gas paradigm" Vitalik recently alluded to.