![eos (1).png](https://steemitimages.com/DQmTQmxEizaw7fPoYVgjiQpKXU5v5MCetztVT8cW5QvMWz1/eos%20(1).png)what is eos ?

EOS is a blockchain technology basically like Ethereum which has been brought to life by Dan Larrimer. He is also the creator of Steem and BitShares. On June 26, 2017 the project starts its ICO.

EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum in function. It makes dapp development easy by providing an operating-system-like set of services and functions that dapps can make use of.

The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there (e.g. security of Bitcoin, computing support of Ethereum) in one simple to use, massively scalable dapplication platform for the everyday user to empower the impending blockchain economy

EOS promises to be a real contender in the dapp arena, lowering the barrier to entry for developer and others seeking blockchain-powered solutions

Features Of EOS

As per the whitepaper, the main two features of EOS is its ability to scale both horizontally and vertically, and the ability to create DApps that will eliminate user fees.

But apart from these two, the development team is also considering a handful of other features. So let’s talk about the features in detail

1 scalable

2 flexible

3 usable 

Decentralized Operating System
As I mentioned above the EOS.IO software will act like an operating system, a decentralized one to be more specific. Correct me if I’m wrong, but I believe this is first of its kind.

This decentralized operating system-like architecture will allow developers to create and deploy decentralized applications efficiently.

The applications can be created using standards similar to current web-based applications. The decentralized OS will take care of critical tasks like authentication, database management, CPU management etc.

The software will reside in servers and developers will be able to use the resource if they have a stake in the economy. In fact, the EOS team have already created a working prototype called Web Assembly to demonstrate the flexibility of the protocol.

team behind eos 

The team behind EOS is called block.one. block.one is a team of blockchain enthusiasts which specializes in creating blockchain applications.

The current CTO of block.one, Dan Larimer, is a very familiar face in the blockchain space. He created the first-ever decentralized exchange BitShares and a blockchain based blogging platform Steem.

Now he and CEO Brendan Blumer are leading the EOS project from afront. So we can expect something really big!

Includes existing innovations: blockchain, smart contracting, currency
Includes innovations that Dan and others have pioneered in Bitshares and Steem: fully scaled high tps on-chain 10k+, delegated proof of stake, user accounts separated from keys, hierarchical permissions for accounts, password resets, (and more?)
Includes newer innovations such as on-chain governance that Tezos attempts to achieve. For EOS this is the ratified constitution. On EOS, the constitution serves to make a framework for dispute resolution, and exists as an arbitration framework for all users globally.

NEW FEATURE: Parallel Processing offers smart contract and application authors to have their programming logic function apart from the system as a whole. On traditional computers we call this multi-threaded applications.

NEW FEATURE: Decentralized Operating System enables application authors to use a consistent code framework to develop their smart contracts and applications on the EOS network. This means less lines of code, and less room for simple bugs. Also, because of the multi-threaded nature of this operating system, specific applications can be halted and modified without disrupting the global system from operating. This is truly a one of a kind innovation. In the case of the DAO on Ethereum, that application could have just been halted on EOS without hard forking the network. Then the DAO would go through its own internal procedures for dispute resolution, but if those failed, then it would revert to the EOS constitution for dispute resolution.

Other Key Features

EOS seems to be doing pretty well even though lots of big currencies out there are dizzily dropping. From being launched less than a year ago, this coin is said to be progressing pretty rapidly, already ranked the 9th coin on the global coin ranking list. This case poses the question: Is it possible for EOS to “take down” Ethereum in the following months?

Many people are speculating that a platform like Block.one with EOS as its main token of value could easily take down Ethereum. Can this case scenario be true?

Most probably, yes. Given the fact that EOS is being traded at 9$ per one coin while Ethereum costs nearly 100 times more per one unit against the dollar, investors are more likely to be focused on buying EOS rather than investing in Ethereum. This is a perfectly normal scenario.

Let’s imagine that you walk into a store and see two jackets: now the jackets may be a bit different in color, but they are made out of the same material and in the same way. There is one difference though: one of the jackets costs 9$ while the other costs 800$. Which jacket do you ?

Now that EOS is rapidly progressing with reaching the price of 8.73$ even after a decrease that went up to -6% against the dollar, Ethereum seems to be “threatened” by another similar platform that does the same work – only at an improved pace.

It is said that EOS is now even having faster transactions that can be easily done in no more than 1 to 10 ms of runtime, which probably adds to its value.

With its current state, EOS with its platform Block.one is enjoying the perks of being listed at 9th spot of the global coin ranking list, now being side by side with big coins.

so what you will buy eos or ethereum ?

Finally, I’m not sure the EOS project specifically will be able to deliver. EOS is run by humans, and humans are fallible. But I do believe that a consortium blockchain works incomparably better than a “pure peer-to-peer” blockchain when we have a directly democratic (or the anarcho-capitalist approximation of that, by way of money-based voting) control of who exactly belongs in that consortium.