Linux is the best-known and most-used open source operating system. Linux is software that sits underneath all of the other software on a computer, receiving requests from those programs and relaying these requests to the computer’s hardware.
Linux is different from other operating systems in many important ways. First, and perhaps most importantly, Linux is open source software. The code used to create Linux is free and available to the public to view, edit, and contribute to. Linux is also different in that there are many distributions of Linux, which include a multitude of software options. This means that Linux is incredibly customizable.
EOSIO is also open source. It shares this most important trait with Linux.
Will EOSIO become the new Linux of Blockchain?
EOS USA is a block producer for many of the EOSIO chains such as Telos, EOS, BEOS, BOS, Instar, WAX and soon Lynx
Charles Hoskinson, CEO of Input Output HK and creator of the Cardano blockchain protocol, had a passionate response when asked about his Twitter fights with Dan Larimer during a recent Tokyo FinTech Meetup. This is only a short excerpt of almost two hours of opening comments and Q&A, which you can find in full length on our YouTube channel.
Block.one’s Director of Blockchain Engineering, Bart Wyatt, talks about their Strategic Vision of making EOSIO easier for developers and making the fastest blockchain on the planet even faster.
EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and be “the fastest blockchain on the planet.”
Brendan Blumer, CEO of Block One, which started 2-1/2 years ago, introduces Dan Larimer, CTO, who outlines the past and introduces “Voice,” their new social media platform.
A year ago they released the EOSIO open source protocol, which Larimer describes as the “fastest, most scalable and most active blockchain software in the world.”
Balaji Srinvasan and Tim Wagner from Coinbase announce that EOS is now available to trade on their platform and that visitors can earn EOS by completing some lessons on EOSIO.
Wagner also notes that Coinbase is the only major crypto exchange that has not been breached.
Larimer announced EOSIO 2 with a “WebAssembly engine designed for blockchain,” which is 12x faster than what it was a year ago when launched.
He also announced WebAuthn to support blockchain private key safety, which was elaborated by Guido Appenzeller, of Yubico. He describes their hardware key as vastly more secure than any passwords.
Blumer comes back to note that “Social media has not been a good friend to us.” He further states, “Our content. Our data. Our attention. These are all extraordinarily valuable things. But right now it’s the companies, not the users, that reaps the reward. By design, they run by auctioning our information to advertisers, pocketing the profit, and flooding our feeds with hidden agendas dictated by the highest bidder.”
He states they are building a transparent social media platform on EOS where what’s good for the platform is good for people, too, with built-in accountability.
They call it VOICE.
Larimer returns to introduce the Voice token. It rewards users via contention creation and discovery. The rewards are then used to magnify your voice on their platform.
The platform authenticates real people as users, eliminating bot armies and anonymous controls.
The authentication of all users on the platform also establishes an EOS-based blockchain identity that can be integrated into other applications in the future.
EOS is a smart contract platform much like Ethereum. EOS, however, promises the ability to perform millions of transactions per second, without any fees! How could this be possible, given the scalability of other major blockchains? In this guide, we dive into what EOS is doing differently to achieve this, and what those choices mean for the network.
A Dapp is an application that runs on a network in a distributed fashion with participant information securely protected and operations executed in a decentralized fashion across a network of nodes. Dapps use open source code, operate autonomously with data and records cryptographically stored on a blockchain
Block.one is a software company that is producing the EOSIO software as a free, open-source protocol. This software may, among other things, enable those who deploy it to launch a blockchain, or decentralized applications with various features.
Daniel Larimer created the cryptocurrency platform BitShares in 2014, was co-founder of the blockchain social platform Steemit in 2016, and is CTO of Block.one, a private company that was the original developer of EOS in 2017.
In this presentation, Larimer describes EOSIO as designed to make blockchain development easier. He states it’s now one of the largest blockchain companies. Further, he states that it’s the fastest, general-purpose blockchain, with lots of users and no transaction fees.
Following are some additional notes from his talk.
When people think of blockchain they think of tokens, proof of work and wasting energy. That’s not necessary.
If you have a database, it should be on a blockchain. It can be a private blockchain.
Blockchain will give you security, auditability and accountability of the system compared to a non-blockchain database.
With blockchain you can manage your own security and as a company you can mitigate legal issues since every action can be audited. A blockchain is not modified; it’s append only. The data is not on one server. It’s only one of many on a network that all verify the data. No one can change it.
Blockchain helps businesses automate compliance with regulators.
Blockchain is faster. It eliminates human points of contact that have been implemented to reduce fraud.
Blockchain is a better infrastructure for designing software.
Blockchain will become required as a best practice. It will be ubiquitous and invisible.
Brendan Blumer, Block.one Co-Founder and CEO, speaks about their 4 billion investment, creating a new internet infrastructure and allowing people to take control of their privacy.
Block.one is the company behind EOS.IO, which is a blockchain protocol powered by its native cryptocurrency EOS.
EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.
In the video interview, Blumer describes blockchain as a secure way to store and transfer data. Whereas, the internet was a fundamentally insecure way.
He notes that there won’t be one blockchain for all purposes. Different types of governance will tailor to different types of industries.
Blumer also touches upon blockchain’s innate ability to create transparency, even in Force majeure circumstances.