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EARTH OBSERVING SYSTEM

What is EOS?

On a commercial scale, the EOS system was built to facilitate decentralized apps or daps. EOS provides the foundational capability for enterprises to create blockchain applications in a manner comparable to web applications. EOS is up and running, and the company has achieved all of its primary objectives and more. EOS has a team with a lot of experience, including Daniel Larimar, a co-founder of Bit Shares and Steam. Larimar’s cryptocurrency ventures have now amassed billions of dollars in value! Block is the business that created the EOS software. It’s also working on a variety of blockchain and business ventures.

Additionally, EOS is a decentralized blockchain-based platform for developing, hosting, and running business applications or daps. EOS was launched in June 2018 after Block. One, the firm that built the open-source software called EOS.IO that is utilized on the network, raised $4.1 billion in cryptocurrency in an initial coin offering. On the network, EOS cryptocurrency tokens are employed as a payment system.

EOS provides fundamental functionality that enables organizations and people to construct blockchain-based applications in the same manner that web-based applications are created. EOS provides secure access and authentication, permissions, data hosting, use control, and dap-to-Internet connectivity. 

EOS is backed by an online toolkit store that attempts to make app creation as painless as possible.

EOS is made up of two main components: the EOS.IO software and EOS tokens. Through the utilization of parallel processing and asynchronous communication across the network, EOS.IO promises to be able to support thousands of commercial-scale Daps without experiencing performance issues.

Separate modules involved in the operation of Daps increase efficiency even more. The authentication procedure, for example, is carried out separately from the execution process. EOS offers major usability features, including constructing a web toolkit, self-described interfaces, automatic database schemes, and a declarative allowance scheme. All of them make it easy for developers to create and keep apps.

EOS'S ECONOMIC SYSTEM:

The EOS configuration does not leverage Bitcoin’s well-known mining concept. Block manufacturers generate the needed number of blocks and are compensated for each block that they produce by creating new EOS tokens. The number of tokens they create can be determined based on the median value of the anticipated remuneration published by all block producers. EOS tokens can be stored in Ethereum Wallet, Enthralled, and Meta Mask, among other wallets. Biaffine and Obit are two exchanges where the tokens can be traded.

CHARACTERISTICS OF EOS:

EOS incorporates features such as a web toolkit for interface construction, self-describing interfaces, self-describing database schemas, and a declarative permission scheme to allow for well-defined degrees of permission. The governance of EOS is maintained by establishing jurisdiction and choice of law, as well as other mutually agreed-upon norms. This is normally accomplished through the use of a legally binding constitution. Every transaction in EOS must include the constitution’s hash as part of the signature. In effect, this ties the users to the constitution. EOS is up and running, and the company has achieved all of its primary objectives and more.

The goal of EOS is to create a decentralized blockchain that can handle transactions quickly and securely. Smart contracts will be able to be constructed on top of them, allowing developers to release daps. Not only that, but EOS wants to create a platform that works as an operating system, making it extremely user-friendly! The ability to process millions of transactions per second is another goal of EOS. This would solve a major issue because, while other blockchains can detect smart contracts, none of them can perform them at the same speed. The most popular smart contract blockchain, Ethereum, can only handle 15 transactions per second!

We started here

1997

The Pascal Foudation

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2012

Investments Attracting

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2019

Company Enter an IPO

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to be continued....

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