EOS

EOS addresses performance of real world use cases, developing a blockchain for smart contracts and a hosting platform for Dapps which will not need permission from EOS to launch. EOS benefits are ease of use, faster transactions, zero fees.

"When one begins to explore EOS and the technology behind it, realization dawns that this tool could usher in a new era in humanity, one that could change it all." - Katie Roman

Going back to Satoshi Nakamoto's mission, creators of blockchain technologies do not decide what the use of it is; they might try to describe it, but ultimately the use of the blockchain is discovered by the community. Bitcoin when it was first described by Satoshi in 2008 was a system of peer-to-peer digital cash and he imagined a system where it would be used like cash, enable banking for the unfit and allow people from anywhere in the world to transact with each other with low fees and be decentralized, meaning no one had control of the network. Satoshi was describing not only the technology but the use for the technology. 

What has transpired over time is that his predictions have been far off - today no one is making microtransactions with Bitcoin because of fees and no one is enabling banking for those that are unable to secure bank accounts. Decentralization is being undermined by ASICs and mining pools. Nobody is actually using it as a cash or currency; they're not using it to pay for things. What it has become is a digital asset or type of gold - better than actual gold or silver, but similar in that investors accumulate it, not spend it, in hopes that it goes up in value. 

It's not the peer to peer cash-the-unbanked system that Satoshi envisioned. A decentralized system can create an idea for how things should work but it's up to the collective intelligence of everyone to decide what it's actually going to be used for. 

- Digital currency solutions - micropayments, combating fiat issues and inflation

- Scalability problems

- The need for decentralized exchanges and stable currencies

There needs to be a specific use case of a blockchain prior to creating a generalized platform. 

To view or add a comment, sign in

Insights from the community

Others also viewed

Explore topics