EOS, which stands for pomelo coin in Chinese, is the basic cryptocurrency on the Eos. IO public chain. The EOS.IO public chain is a decentralized system based on blockchain technology that supports the development, management and execution of business-class decentralized applications (dApps). EOS belongs to Block. one and is published by Dan Larimer. Interestingly, EOS (Grapefruit Coins) was specifically created to serve the eos.io decentralized system, as opposed to stand-alone digital assets such as Bitcoin.

The vision of EOS is to create a blockchain "Windows system" with multi-million level transaction processing capacity (TPS). Currently, Bitcoin TP is TPS, and it takes more than ten minutes for a transaction to be confirmed. Ethereum TPS is about 20, and confirmation of a transaction generally takes several minutes, so high performance transaction processing capacity is very necessary. EOS's vision is very promising.

Blockchain technology originated in the bitcoin white paper of 2008, and since then, entrepreneurs, developers and enthusiasts have been trying to popularize the technology so that more real-world applications can be implemented on the blockchain platform. However, there are still some technical bottlenecks in blockchain technology, such as limited transaction processing ability of payment network, high transaction commission, and vulnerability of transaction network to DDoS attacks.

EOS is a new blockchain architecture. The EOS project aims to implement a blockchain architecture that supports applications like an operating system. The architecture provides accounts, authentication, databases, remote communication, and program scheduling across hundreds of cpus or clusters. Network component is an emerging WEB standard for building high-performance WEB applications. Ethereum developers have begun to change WEB components to provide the appropriate sandbox and certainty in Ethereum style WEB components. This approach makes IT easy for EOS to connect and adapt. The emergence of EOS is to compensate for the lack of Bitcoin, Ethereum. EOS has achieved faster transaction times, higher transaction volumes and lower transaction fees, on which many of the basic blockchain architectures can be run.

At present, before the blockchain technology is fully mature, it is inevitable for the underlying technology to encounter bugs. If the underlying technology platform of a blockchain encounters bugs but cannot be fixed, it will be a troublesome, complicated or even difficult thing. Both BTC and ETH had unresolvable bugs that led to hard forks. BTC due to speed expansion and network congestion, the BTC community could not reach a consensus, so far there have been many hard forks, such as BCH, BCD, BCG and so on. However, ETH is due to DAO hacker incident, which caused fierce discussion in the community, and finally bifurcated into ETH and ETC chains. EOS has designed a mechanism to solve this problem from the overall architecture, which is to assign this important task to the 21 super nodes to determine the overall consensus solution for bugs encountered. According to the binding contract of EOS like the constitution, when the system goes wrong during the operation of the public chain, the 21 supernodes classify whether the error is a BUG according to the readability intent, and judge whether the community fixes are correct. With this mechanism, THE EOS blockchain network system is more conducive to system upgrade and reduce the occurrence of hard forks. In this respect, THE stability and scalability of EOS are very advantageous compared with other underlying technologies.

1. Recipient payment: Customers purchase specific products from the business, and the sales proceeds of these products will be used to cover the cost of the business, avoiding customers paying directly for the use of blockchain, and not limiting or preventing enterprises from determining their product monetization strategy. 2. Licensing capability: If a blockchain is developed based on the EOS software system and its token is held by a token-holder, he may not need to consume all or part of the available bandwidth immediately, and such token-holder may choose to give or lease the unconsumed bandwidth to others. 3. Separate transaction costs from token value: If the application owner holds a corresponding number of tokens, the application can continue to run in a fixed state and bandwidth usage. Developers and users are not subject to price fluctuations in the token market and therefore do not depend on price. 4. Block reward: Each time a block is generated, EOS will reward the block producer with new tokens to cover its operation and maintenance costs. The award cap is currently set by EOS at a maximum of 5% per year, or 5% per year of total growth in the supply of new tokens.

The adoption of "BFT-DPOS" consensus algorithm, namely the Proof of Entrusted Equity (DPoS) consensus algorithm of The Byzantine fault tolerance (BFT) mechanism, and the addition of BFT mechanism will ensure that the transaction on the EOS main chain will become "irrevocable" within 1 second, making second level confirmation possible. New blocks are generated faster, from 3 seconds per block to 0.5 seconds, which is 6 times faster.

1. Native support for cross-chain EOS has been designed with this in mind and cross-chain through IBC (Inter-Blockchain Communication), which has been tested. BM has also said that it will achieve one million TPS through IBC, which should be the first blockchain to achieve this goal. 2. The technical characteristics of high performance and low delay are particularly important for side chain. In this way, the probability of occurrence of anomalies will be greatly reduced when crossing the chain. 3. Innovative governance philosophy: this is controversial. But it's also important to make blockchain more accessible and accepted by more people, and there's a lot of discussion in this community. 4. ETH, the strongest smart contract platform by far, is the first smart contract platform, but due to its performance and data structure limitations, the development of applications is limited. 5. Universality and Universality EOS has a wide range of versatility and universality, which can be used for all kinds of applications, such as social, media, exchanges, games and so on. EOS is the beginning of the commercialization of blockchain. 6. The relationship between chains can be both near and far. The excellent architecture system of EOS can adopt sub-chain, parallel chain and independent chain for the relationship between chains, which is unmatched by other blockchain at present.

1, EOS by creating a friendly to the developers of the underlying block chain platform, with block chain is similar to that of the operating system, its performance is strong, multiple applications can support, at the same time also can support a variety of programming languages, for the development of dApp developer with the underlying module, reduce development threshold, like Microsoft's Windows. 2. Problems of latency and data throughput are solved by means such as EOS parallel chain and DPOS. Millions of transactions per second can also be processed by EOS. Not only that, Bitcoin is about 7 transactions per second, while Ethereum is about 30-40 transactions. This super power of EOS beats both Bitcoin and Ethereum. Such as the recent CryptoKitties | Collect and breed digital cats! This special fire ETH game, only a game accounted for about 15% of the ETH throughput, if it is at the same time seven or eight similar games, ETH is estimated to die. An ETH that can't expand its bandwidth may have quite a challenge in throughput, which EOS is able to address.

The initial issuance of EOS tokens was 1 billion, with 100 million going to the Team Foundation and the remaining 900 million going to grandpa. The public offering was divided into two stages: the first stage was a one-time offering of 200 million yuan (which has been completed); The second phase will release 2 million units every 23 hours for a total of 700 million units, which will last 350 phases until June 2018.

1. Data table definition function. This is the equivalent of a database for a traditional website. From then on, the development of blockchain applications can also flexibly define databases and conduct various data operations like traditional websites. Message-based design ideas, whether multi-process versions or cross-chains, depend on this. This is equivalent to introducing message queues into the blockchain.

EOS tokens are produced from blocks, and each new block produces EOS as a reward. As a result, block producers will be able to propose the reward they want, and the actual token reward will be the median of all block producers Posting the reward they want. If block producers are free to bid, will they keep bidding higher? To address this issue, the EOSIO blockchain has a mechanism that limits producer compensation -- the total supply of EOS tokens cannot grow by more than 5% per year. In addition, EOS token holders will also have the right to vote individual block producers out of the market through governance mechanisms for bidding too high. In addition, block creators can demand higher compensation if the demand to use the EOSIO blockchain increases, the amount of data stored on the EOSIO chain increases, and the demand for writing to the EOSIO chain increases. Conversely, lower demand and fewer additional ISSUES of EOS tokens could reduce the supply/selling pressure of EOS tokens.

The EOS Yuzu coin is seen by many as a potential competitor to Ethereum, a platform for running decentralized applications (Dapps). Dan Larimer, who founded EOS, is also a co-founder of BitShares and Steemit. Through its unique design, EOS aims to be more scalable and flexible than Ethereum, which makes it easier for developers to create Dapps. On the other hand, EOS is more centralized than Ethereum, since only 21 computers are responsible for producing new blocks (as opposed to all the miners in Ethereum). EOS coins also differ from Ethereum in the following respects: there are no transaction fees, and there are probably millions of transactions per second for THE EOS technology. A one-year ICO (June 2017 to June 2018) raised over $4 billion. But the network has not yet gained enough traction to threaten ethereum's popularity. EOS Coin is a blockchain platform for the development of decentralized applications (Dapps), with functions similar to Ethereum. In fact, proponents are calling it an Ethereum killer. It makes it easy to develop DApps by providing an operating system like a set of services and functions that dApps can use. The idea behind EOS is to bring together the best features and promises of various smart contract technologies. In short, the EOS community is working hard to provide an easy-to-use and massively scalable DAPP platform for everyday users. And the advantages of EOS, often referred to as the "Ethereum killer," still have a long way to go before the decentralized app king is abolished. Having said that, it's a good start, raising a lot of money through its ICO and a team with a good track record. Buying EOS is a bit more difficult compared to other more popular cryptocurrencies, but as the platform grows and the token becomes more mainstream, it is likely to be used on more exchanges.

EOS has been everyone claims to be able to transcend the etheric lane of emerging platforms, ETH in each exchange is one of the settlement currency of encryption monetary economy, in addition to the EOS platform of exchange, also will not exchange EOS as a settlement currency of encryption monetary economics, and if the future development of EOS is enough to make various exchange as a settlement currency of encryption monetary economics, The chances of people wanting to pay for it are much better.

EOS is the bottom public chain that is most likely to develop at present. Innovative graphene technology, safety and stability, as well as various projects based on EOS development, will provide impetus for the development of EOS. I hope EOS will continue to adhere to its original intention, develop healthily, and take a good lead in the development process of blockchain and do a good job in risk control.

EOS is an operating system-like blockchain architecture platform led by Blockchain wizard BM (Daniel Larimer), which aims to achieve performance scaling for distributed applications. The project has its own code, technical strength in place, BFT+DPOS consensus mechanism, and the operation of the project is very good.

The ECOSYSTEM of EOS is very stable compared to ETH. The teams that developed Dapps on Ethereum have been moving to EOS, such as Etheremon's switch from Ethereum to Zilliqa. However, there are still some shortages of the EOS platform. For example, the main criticism of EOS is that it is too centralized, contrary to the original intention of decentralization of bitcoin, the originator of cryptocurrency. Before and after the launch of the EOS mainnet, 50 percent of EOS was held by 10 investors, and the top 100 investors with the most EOS coins held 75 percent of grapefruit coins. Plus seven of the 21 supernodes are Chinese companies. China is still banning ICOs and yuan purchases of cryptocurrencies, and China's policy has already had a big impact on the cryptocurrency sector, and the impact on EOS will be huge as well. Once on the main chain, EOS faced many problems, the most troubling of which was the need to amend the EOS Constitution. Just launched less than a month's time, EOS will amend the constitution, this raises questions about the new constitution will be more stable, whether alone or in combination with the United States constitution, through long-term observation and correction is needed to perfect, whether the constitution of the EOS, remains to be seen, the hole may cause the failure of the EOS. Block.one has stated that all funds raised from the crowdfunding are owned by Block. One, and that these funds directly become the company's profits under the crowdfunding agreement, but the agreement does not mention any other responsibilities and obligations, nor any responsibility or obligation to maintain and develop the EoS program and network. After mainchain and independent operation on EOS, Block.one is no longer responsible for Eos. IO, leaving the platform to the community to develop Eos. IO. This situation has led many to believe that Block.one just wants to draw a pie for crowdfunding, and after receiving the money, it doesn't want to manage Eos. IO. Since June, founder BM has not ignored the problems encountered by Eos. IO.

As a revolutionary bottom chain, EOS certainly has room for rising value. The market value is conservatively estimated to reach the level of ETH. After all, EOS has more advantages than ETH. Moreover, EOS is a commercial project with smart contracts, and its market upside is very imaginative. It took one year to raise EOS token, which can be said to be the project with the longest fundraising time and the most funds. The team capital is extremely sufficient, so the EOS team capital will not be the cause of failure. Meanwhile, EOS has an extremely strong technical team and investors. From the technical point of view, THE EOS blockchain network system is based on universally proven and has passed the test of long-term practice. Its execution speed and efficiency are higher than any other projects at present. EOS is the first public chain that can truly support a large number of DApps, representing the fundamental progress of blockchain technology. From the perspective of business model, EOS adopts a more reasonable and humanized business model with very low development cost and can quickly attract a large number of users. At the same time as the main EOS network, more than 100 developers have started to launch DApps, which proves that the EOS blockchain network ecosystem is very promising. Less than a year after the launch of the main chain, it is very normal to encounter problems. Ethereum also encountered problems and hard bifurcation at the beginning, and there were cases of failed expansibility to change the mining mechanism, while EOS's expansibility improvement mechanism can make the EOS ecological environment better and better.

Although there has been some controversy over some of the policies of grapefruit currency, if the investment value of grapefruit currency itself is viewed, it is a good choice for long-term investment, but if it is a short-term holding, the effect may not be so good.