EOS Blockchain Development Company
Blockchain is a vast growing technology which aid to adapt various sector in this fast-moving world. In the blockchain platform, there are different types and among them, EOS got a special place and became a trend in the market because of its unique traits.
So, here lets we can lookout about this tempting EOS blockchain development in detail and what role it plays in various fields with benefits. Such a useful portion is given by a Reputed Blockchain Development Company, Developcoins.
Table of the Content:
- What is EOS?
- Origin of EOS
- How Does EOS work?
- Benefits of EOS Blockchain
- Bitcoin vs EOS
- Ethereum vs EOS
- Why Developcoins?
- End-to-End EOS Blockchain Solutions
- EOS Cryptocurrency Development
- EOS Smart Contract
- EOS Blockchain Fork
- EOS Blockchain DApp Development
What is EOS?
EOS is one of the types of blockchain platforms and becoming trending in the blockchain industry as well as various fields because of its motive. That ultimate goal of this EOS blockchain is none other than to become a decentralized operating system that can assist various sectors which are relayed on decentralized application.
The main tempting part of this EOS blockchain is,
- Millions of transaction per second
- Cost-effective when coming to a transaction fee
What is more than these advantages that can benefit the industry people?
So, it becomes obvious to find the reason behind its popularity in the global blockchain market.
EOS allows to built smart contract on its platform which enhanced its advantage to the next stage in dapp developers' point of view.
Origin of EOS
When your planning to use or fork EOS blockchain, then it is wide to have some knowledge about its origin which can be an additional benefit at some point. Let’s we can look about it,
Well, the EOS blockchain is successfully launched in 2018 by ‘Block.One’.
It is an organization, which is based at Cayman Island and its CEO has involved in various blockchain sectors from 2014. The main head behind the development of EOS is Daniel Larimer who is the co-founder as well as the chief reason the BitShares and Steem.
He is also the creator of delegated proof-of-stack (DPoS) and decentralized autonomous organizations (DAO).
How Does EOS work?
Here, is how EOS works. EOS is often compared with the Ethereum blockchain process because of the similarities but EOS is considered as better one because of its traits, mainly the transaction process timing and speed i.e., known as scalability.
EOS blockchain uses DPoS consensus mechanism which can avoid the famous hacks like DAO. Let’s we can see how DPoS works,
Witness - If there are 100 people in a network and they need to verify the transaction. Then, they all considered as witnesses.
Vote - Being Blockchain is decentralized, EOS investors can get a vote from the members, who they think they can witness.
Stake - The strength of the vote is based on, how much coin a stakeholder uphold and that is known as “stack”. The more stack held, the more power the vote has.
Paid - By the above witness example, the 100 witness is to ensure the blockchain safety & security and they get paid off for it.
Backup witness - There is numerous witness waiting for their turn as a backup witness to assure the blockchain safety as well as to be earned.
Status of Witness - When a witness does not do their job properly then they can be voted to kicked off from the network, which provides a way for backup witnesses a chance.
In EOS, the transaction more efficient, cheap, fast and environment-friendly which only takes 3 seconds to process!!
To make it even more clear lets we can look through with example, if a person own 5% of EOS coin then it means that person owns 5% of the network. It means that the person has a chance to win 5% of computing power for the transaction process. This is what EOS transaction fee means.
Benefits of EOS Blockchain
The Benefits of EOS blockchain is outstanding while comparing it with other blockchain platforms like Ethereum and some are mentioned below,
- Consensus Protocol
- Fast and Free Transaction
- ICO Friendly
- Low latency
- Easy upgrade and Bug recovery
- Easily usable one for developers
- Parallel performance
- Easy hard fork with fewer risk
Bitcoin vs EOS
Bitcoin is the most famous one in the market and which is nearly unbeatable. When such a thing is compared to EOS, that means only one thing, i.e., EOS also got the same place in the market. Here are few distributions between bitcoin and EOS, they are,
- Bitcoin has 21 million tokens in maximum where EOS has 1 billion of tokens in maximum.
- The supportive language for Bitcoin is basic and easy coding C++ while the EOS is coded with WebAssembly language (WASM).
- The most important thing in the network is a consensus algorithm, Bitcoin uses Proof of Work (PoW) and EOS has Delegate Proof of Stake (DPoS).
- The common thing between these both is, they are decentralized.
Ethereum vs EOS
- Lets we can start the comparison of both most competing blockchain with irreversibility, ethereum takes 1 hour and EOS takes 40 seconds
- Notable thing is bandwidth, EOS is 300k+TPS while ethereum is 10 TPS
- The most tempting part is transaction speed when ethereum make 15-20 per second and EOS is 3,996 per second.
- The ETH use PoW now and planned to implement PoS later and as know EOS uses DPoS.
- The value of ETH ICO token is $18.4 million and the other EOS ICO is $4 billion.
To make the comparison yet more simple, lets we can have look at the following flow chart…
Image Source: https://steemit.com/eos/@chimnon
Now, lets we can see an organization provides the outstanding EOS development services in the market.
End-to-End EOS Blockchain Development Solutions
Now, we can see an organization that offers a high-end EOS blockchain development services in the industry market. Developcoins is a predominant cryptocurrency development company which provide striking blockchain development services with the aid of a team of industry experts who has vast knowledge and handset of skills to face all sort of industry downs and ups.
The most important thing to note about Developcoins is, we provide complete end-to-end blockchain development solutions and all types of services related to EOS and some of them are listed, here,
EOS Crypto Token Development
Developcoins is the best token development company, whose teams of members easily adapt to the trend. This made us get a special place in the industry and also aid provide a worthy EOS crypto token to our cherished clients.
EOS Smart Contract Development
Smart Contract need is increasing among the business people and the EOS blockchain platform is the best suitable one to develop a smart contract. Developcoins, who already have vast experience in smart contract development and auditing became handy to offer prime smart contract development services.
Further Reading - How to develop a smart contract on EOS blockchain?
EOS Blockchain Fork
Blockchain Fork is a technical concept and Developcoins has huge knowledge in it so that we provide quality blockchain forking services in the EOS platform as well as in other blockchain platforms too.
EOS DApp Development
Nowadays, DApp grabbed a huge attraction from crypto users and also from other peoples. EOS blockchain platform becomes the right fit to develop the DApp because of its motive and trait. Such a combination can handle only the industry people like Developcoins - a dapp development company, who render a long last service in crypto and blockchain industry for both the on-shore and off-shore people.
Wish to get an end-to-end EOS Blockchain Services?? Or want to launch your token, smart contract, wallet and Dapp under EOS blockchain? Or want to fork the EOS blockchain platform? Then feel free to consult with our team of blockchain experts @ Whatsapp, Telegram