E0s cryptocurrency
EOS is a public chain system at the bottom of blockchain developed by block. One, which is specially designed to support decentralized application of Commerce, and its code is open source
bitcoin is called blockchain 1.0 because it opens up the world of digital cryptocurrency and takes a decisive step from 0 to 1
Ethereum is known as blockchain 2.0, because it provides Turing complete virtual machine that can run smart contracts, bringing unlimited possibilities
and EOS is called blockchain 3.0, why? Two words: performance
The positioning of EOS is the slogan of its home page:English: the most powerful infrastructure for decentralized applications
Chinese: the most powerful decentralized application infrastructure
EOS expects to be an enhanced version of Ethereum, a high-throughput intelligent contract platform
although Ethereum has complete functions, it is limited by its design choice. Due to the block output speed of 15 seconds, the transaction throughput is far from large-scale practical level, which is only about 30 ~ 40tps (transaction / s). EOS, on the other hand, has chosen a different technology route, with the goal of achieving a considerable million TPS, which is quite attractive considering visa's actual processing speed of 1700tps
consensus mechanism of EOS
the reason why the throughput of bitcoin and Ethereum is so low is that they are constrained by the application scenario they envision and the consensus mechanism they choose for the scenario - both of them assume that the environment in which the system runs is totally untrustworthy, so they both adopt the consensus mechanism of proof of work
consensus, as the name suggests, is to reach a unified understanding of something - for blockchain, something refers to the confirmation of the transaction - any node to submit a transaction needs everyone's approval
the pow mechanism currently adopted by bitcoin and Ethereum is the design of the legendary Nakamoto Tsung. Under this mechanism, in order to obtain the bookkeeping right and digital currency reward, miners need to constantly dig for the compliant hash value, and confirm and package the transaction data through the consensus of hash value. POW has no access threshold, and any node has equal rights to participate in bookkeeping. Of course, the probability of winning is related to computing power:
the price of ram is based on Bancor algorithm, that is, it is regulated by market supply and demand: if the supply of ram exceeds the demand, more EOS certificates are needed to buy ram, At this time, more EOS certificates can be obtained by selling ram
memory is a consuming resource, which cannot be redeemed and can only be bought and sold. Take the issue of currency on EOS as an example. At present, the issue of currency requires 20m of memory. An EOS can buy 20KB. According to the current storage price, issuing a currency will consume 1000 EOS. This is the source of EOS memory consumption
Course Overview
this course is for friends who are interested in the development of EOS decentralized application. The course covers the core concepts of EOS DAPP development, the development and deployment of smart contracts, and how the front page interacts with EOS blockchain. Finally, a complete DAPP development based on react and EOS is completed
Chapter 1: enter the world of EOS
to understand the core concepts of EOS, such as positioning and characteristics, consensus mechanism, payment computing model, etc
Chapter 2: Hi EOS
understand the overall framework of EOS node software and the functions of node server, wallet server and command-line tools, learn how to configure and start EOS node server and wallet server, and preliminarily understand the use of command-line tools
Chapter 3: wallet, key and account
understand the three core concepts related to personal identity in EOS: wallet, key and account, and learn how to use command-line tools to create wallet, key and account
Chapter 4: development and interaction of smart contracts
understand the concept and function of smart contracts, learn how to write and compile EOS smart contracts, and learn how to deploy and interact with contracts using command-line tools
understand the persistence mechanism of state in EOS smart contract, and learn to use multi index table to save contract state
Chapter 5: issue your own tokens
learn the principle and implementation mechanism of issuing tokens on EOS, and master how to use command-line tools to issue, transfer and view the balance of tokens through practical operation
Chapter 6: use code to interact with smart contract
understand the principle of interaction between application and EOS blockchain, and learn to use JSON RPC interface and eosjs encapsulation library to access EOS blockchain
Chapter 7: DAPP development of practical notes
comprehensively use EOS knowledge, use react to complete a decentralized application of EOS notes, and learn the complete process from requirement analysis to code implementation
The above course address is as follows: EOS tutorialEOS coin
EOS (Chinese Name: EOS, English Name: EOS, abbreviation: EOS) is a token based on Ethereum released for eos.io blockchain system. Blockone is a new blockchain architecture developed by blockone company, which aims to expand the performance of distributed applications. The goal of EOS project is to achieve a blockchain architecture similar to the operating system supporting applications. The architecture can provide account, identity authentication, database, asynchronous communication and program scheling on hundreds of CPUs or clusters. The ultimate form of this technology is a blockchain architecture, which can support millions of transactions per second, and ordinary users do not need to pay for the use of the blockchain
function of EOS token
the current form of EOS cryptocurrency belongs to ERC 20 smart contract token on Ethereum blockchain. EOS ERC 20 token will be converted into the cryptocurrency available in EOS system 1:1 after the formal launch of EOS blockchain. The EOS system is expected to release the test network in August 2017, and it is expected to take one year for the main network of EOS blockchain to go online. The following application scenarios are introced after the EOS blockchain is officially launched
EOS cryptography currency has three main application scenarios: bandwidth and log storage (hard disk); Calculation and calculation reserve (CPU); State memory (RAM)
both instantaneous and long-term components consume bandwidth and computation. The blockchain system will maintain logs of all messages, which will be downloaded and stored by all complete nodes. With log information, the state of all applications can be reconstructed
the specific application scenario of EOS cryptography currency can be explained as:
receiver payment: customers purchase specific procts from the business, and the sales revenue of these procts will be used to pay the business cost, so as to avoid customers paying for the use of blockchain directly, and will not restrict or prevent enterprises from determining the monetization strategy of their procts
authorization capability: if a blockchain is developed by using EOS software system and its token is held by a ticket holder, it may not need to consume all or part of the available bandwidth immediately. Such a holder can choose to give or rent the unused bandwidth to others
separate transaction costs from token value: if the application owner holds a corresponding amount 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, so they are not price dependent
block reward: each time a block is generated, the eos.io system will reward the block generator with a new token. The system may be configured to limit the reward cap for block procers, so that the total annual increase in token supply does not exceed 5%
community welfare applications: users can choose three community welfare applications, also known as smart contracts. These smart contracts will collect tokens based on the proportion of votes each application receives from the token holder. The elected application or smart contract can be replaced by the smart contract of the newly elected application or token holder
What are the technical advantages of EOS
1. EOS creates a developer friendly underlying platform of blockchain, which is similar to the operating system of blockchain. It has powerful performance, can support multiple applications running at the same time, and can support multiple programming languages at the same time. It provides developers with underlying moles to lower the development threshold, just like Microsoft's windows. Do you think Microsoft is worth money
2. EOS solves the problems of delay and data throughput through parallel chain and dpos. EOS can achieve a processing capacity of one million per second. At present, bitcoin has 7 transactions per second, while Ethereum has 30-40 transactions. This super power of EOS can hang bitcoin and Ethereum. For example, the recent cryptokitties | collect and breed digital cats! This is a very popular eth game. Only one game accounts for about 15% of eth's throughput. If there are seven or eight similar games at the same time, ETH will die. It's scary to think about it. Eth, which can't expand bandwidth, will have great challenges in throughput, and EOS can solve the above problems.
as for reliable and unreliable, it's totally self-conscious. Equivalent to investment, you can bear the risk.
EOS is owned by an organization called block.one, but most people contact EOS by Daniel Larimer (BM), a software developer who has been involved in other blockchain projects, including bitshares and steemit, a distributed social network. The CEO is Brendan Blumer, a serial entrepreneur
EOS is considered as Ethereum for large enterprises
EOS public chain allows people to build decentralized applications (dapps) on it and run these applications
according to the developers, the difference between EOS and Ethereum is that EOS solves the performance shortage and availability problems encountered by developers when using Ethereum. There are other small differences that we will discuss below
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extended data:
generation of EOS:
unlike bitcoin, EOS is not obtained by mining. Bitcoin's consensus protocol, known as workload proof, uses a lot of power and can only handle limited transactions
On the contrary, EOS allocated 1 billion EOS tokens in one year's ICO. After that, EOS uses a consensus protocol called certificate of entitlement (dpos) to create the blocks that make up the blockchainin this system, the community votes for the witness who is responsible for verifying the transaction. If the witness misbehaves, the community members can also vote, and others will take their place
The main features of EOS are as follows:1. EOS is a bit similar to Microsoft's windows platform. By creating a developer friendly underlying platform of blockchain, it supports multiple applications running at the same time and provides the underlying template for the development of DAPP
EOS solves the problems of delay and data throughput by means of parallel chain and dpos. EOS can process thousands of data per second, while bitcoin has about 7 transactions per second, and Ethereum has 30-40 transactions per second There is no service charge for EOS, and the general audience is more extensive. The network and computing resources needed to develop DAPP on EOS are allocated according to the proportion of EOS owned by developerswhen you have EOS, it is equivalent to having computer resources. With the development of DAPP, you can lease your EOS to others. From this point alone, EOS has a wide range of value. In short, having EOS is equivalent to having a set of rent to collect rent for others, or having a piece of land to rent for others to build a house
EOS ecology is reasonable and legal, because the platform has no RMB capital transaction, voting is EOS, and the output is EOS, so it does not violate the law, but in the current law, there is no approval of virtual currency, so there is no illegal theory
EOS, which can be understood as enterprise operation system, that is, a blockchain operating system designed for commercial distributed applications. EOS is a new blockchain architecture, which aims to extend the performance of distributed applications
extended materials :
the main features of EOS are as follows:
1. EOS is a bit similar to Microsoft's windows platform. By creating a developer friendly underlying platform of blockchain, it supports multiple applications running at the same time and provides the underlying template for developing DAPP
EOS solves the problems of delay and data throughput by means of parallel chain and dpos. EOS can process thousands of data per second, while bitcoin has about 7 transactions per second, and Ethereum has 30-40 transactions per second