1. What is EOS?
EOS (Enterprise Operation System) is a new blockchain-based smart contract platform developed by Block.one to provide low-level blockchain platform services for high-performance distributed applications. The goal of the EOS project is to implement a blockchain architecture that supports distributed applications like an operating system. The architecture provides account, identity, database, asynchronous communication and program scheduling and parallelism on tens of thousands of CPU/GPU clusters. EOS can ultimately support millions of transactions per second, while regular users do not have to pay for usage of smart contracts.
2. EOS features
The EOS token is currently based on Ethereum's blockchain infrastructure based on Ethereum's tokens. There are three main application scenarios: bandwidth and log storage (hard disk), computing and computing reserve (CPU), and state storage (RAM). The EOS main online line will convert the ERC20 token EOS to the token on its main chain. Specifically can be explained as:
(1) Recipient payment: Customers purchase specific products from the business, and the sales revenue of these products will be used to pay for business costs, avoiding customers paying directly for using the blockchain, and will not restrict or prevent enterprises from determining their products. Monetization strategy.
(2) Authorization ability: If a blockchain is developed based on the EOS software system and its token is held by a token holder, it may not need to consume all or part of the available bandwidth immediately. The holder may choose to give or rent unused bandwidth to others.
(3) Separate transaction costs from token values: If the application owner holds the appropriate number of tokens, the application can continue to run in a fixed state and bandwidth usage. Developers and users are not affected by price fluctuations in the token market and therefore do not rely on price.
(4) Block reward: Each time a block is generated, EOS will reward the block producer with new tokens to pay for its operation and maintenance costs. At present, the EOS setting limits the upper limit of the income earned by the block producers. At present, the EOS limit for the block producers is up to 5% per year, that is, the total annual increase of the new supply of tokens does not exceed 5%.
3. Common links
White paper: https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md#support-millions-of-users