Chapter 8

Examining the EOS Blockchain

IN THIS CHAPTER

Bullet Getting to know EOS

Bullet Starting to mine on EOS

Bullet Gaming and using EOS decentralized apps

EOS is a newer blockchain, and its developers are hoping to scale the efforts pioneered by Ethereum. EOS is one of the most popular cryptocurrencies trading in markets. Block.one, the development company behind EOS, raised $4 billion during its year-long initial coin offering (ICO) in 2017. Like Ethereum, EOS allows its users to program smart contracts that can perform a wide range of functions.

The defining difference between EOS and Ethereum — and why you may want to learn more about the EOS system — is EOS’s consensus algorithm. EOS has pioneered a new system called delegated proof-of-stake (DPOS). Token holders on the EOS blockchain may select block producers through voting. Anyone can potentially be a block producer as long as they can persuade token holders. If you’ve read Chapter 7 on Factom’s consensus algorithm, this may sound familiar.

This chapter dives into the practical applications and future of the EOS blockchain and explains uses for its technology. Because EOS is a relatively newer blockchain, Block.one has yet to produce a user-friendly ...

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