One of the differentiators that sets EOS apart from other blockchains is its resource staking mechanism -- users get access to chain-wide CPU and bandwidth resources by staking EOS tokens. However, with the incredible user and dapp adoption that we’ve seen, resource staking has also become a bottleneck at times. Block Producers and Block.one have both been working to resolve these issues.
A unique feature of EOS compared to other blockchains is that it allows a user to create a unique, human-readable account name. This helps to alleviate issues that arise through the use of public keys or public key hashes as the main identifier of an account, i.e. the long strings of characters seen on the Bitcoin and Ethereum networks.
Inflation of EOS tokens drives the entire system - funds the Block Producers, the Worker Proposal Fund, and allows for free transactions for users. The launch of the EOS network is fast approaching and we still see a lot of questions surrounding the inflation system. We would like to clear up a few things.
I recently had the pleasure of being invited to Shanghai to take part in two major EOS events, one hosted by EOS Gravity and one hosted by EOS Cannon, Cybex, Wancloud, and JRR Crypto. I would like to take this opportunity to thank my hosts and the whole community for welcoming us and to acknowledge the incredible enthusiasm surrounding EOS in China. I had the pleasure of nurturing many new friendships, and look forward to growing these many relationships.
In our Q&A series, we gather the questions most asked on Telegram, Reddit, Twitter, Steemit, etc... and try to provide the community with succinct, precise, and technically accurate answers. In this episode, Alexandre Bourget - Co-Founder at EOS Canada, walks us through how inter-blockchain communication works on the EOS network.
Alexandre Bourget, from EOS Canada, gives his opinion on what could happen upon the launch of the EOS.IO software. Will we see multiple chains? If so, what happens? Will they honour the ERC-20 token distribution? Here’s a quick preview of what you should know.
Disclaimer: We are aware that the block reward system is in constant change. At the original date of posting, this model encapsulated the latest information available. Once more definitive information becomes available, we will be reworking the model to reflect those changes.
One of the first steps any business has to take before opening up shop is to run an analysis on their projected revenue and return. We at EOS Canada felt that the community would benefit from a public model that can be tailored to each person’s assumptions to help in their decision making. After all, if a Block Producer (BP) or Standby Producer (SP) can’t fund their operation, they would have to drop out of their role.