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What type of blockchain does eos belong to (what project is eos)

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What type of blockchain does eos belong to

What type of blockchain does eos belong to

At present, a network called EOStoken (token) has appeared in Ethereum. It is known as the ‘smart contract platform’. The digital assets in this network can be stored offline or sent directly from others to any node or wallet on the blockchain through a private key. Although this concept is not new, there are actually quite a few developers and users who believe that it is a secure, universal, and scalable blockchain protocol, and may even be more suitable for commercial application scenarios. However, since these Cryptocurrency are managed by a centralized entity, they cannot be used as an exchange. However, eos is a decentralized system and its efficiency is very low compared to traditional distributed ledger technology. Eos is a new type of blockchain constructed based on a proof of equity mechanism, which reduces transaction costs to below zero using a consensus algorithm

What is eos project

According to IMEOS, what is eos project According to the introduction, eos is a blockchain system developed based on EOS, with the main purpose of achieving decentralization. Its goal is to address the performance bottlenecks in today’s internet networks and provide a secure and reliable network environment and infrastructure for future development; Simultaneously, EOS is used for off chain computing to improve transaction speed and reduce costs Eos is currently in a very early stage and has some room for development. However, since the official release of eos in May 2018, there has been no online application, resulting in significant price fluctuations and significant uncertainty. Investors should remain cautious and optimistic.

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