What is EOS Blockchain?

EOS.IO or EOS is an open-source blockchain tool that aims to ease the creation of business-level dApps. Efficiency, speed, scalability, security, and compliance are some of the pressure points that EOS can ease while building digital infrastructures. The blockchain is also developer-friendly, meaning it is malleable both in an expert and a beginner’s hands. Transactions through it are extremely fast with low transaction fees.

Why Choose EOS.IO for your Project

Components of EOS

It is a framework designed to develop solutions with a modular architecture. It allows components, such as Network (NET), RAM, and Comprehensive Permission Schema to leverage container technology and delivers enterprise-ready network security, scalability, and confidentiality. Take a look at the primary components that a EOS.IO network has.

Delegated Proof of Stake (DPOS)

Delegated Proof of Stake (DPOS)

The EOSIO platform’s consensus algorithm is Delegated Proof of Stake (DPOS). Under this algorithm, there are no specific requirements to participate in the block production.

RAM

Network (NET)

NET or network bandwidth is measured in bytes. This indicates the bandwidth of transactions and is referred to as “net bandwidth” on the cleos.

CPU

CPU

EOSIO’s CPU, measured in microseconds, represents the processing time of an action. It indicates the amount of processing time an account has when its pushes actions to a contract.

Components of EOS.IO Blockchain
Network (NET)

RAM

RAM in a EOSIO-based blockchain acts as a permanent storage for account names, permissions, token balance and other data for quick on-chain data access.

Business Model Flexibility

Business Model Flexibility

Applications built on EOSIO can flexibly adopt a model based on the cost of resources needed to execute transactions.

Comprehensive Permission Schema

Comprehensive Permission Schema

Custom permission schemata can be created comprehensive permission system in the EOSIO platform. This system allows helps build permissioned applications with flexible infrastructure.

Benefits of EOS

EOS is an open-source blockchain technology designed to make it easier to develop business-level dApps. See what benefits it offers to make it suitable for developing your blockchain project.

Scalability

Scalability

The blockchain supports many transactions and users, making it an ideal option for dApps that would perform consistently well without any hitches in their performance level.

Configurable

Configurable

The EOS.IO blockchain can be shaped into any form that suits the business. It is built to be highly configurable; hence, custom governance models or business logic can be deployed on the dApp with smart contracts.

Security

Security

Air security is another feature achieved by integrating the latest verification standards, end-to-end authentication, and regulatory framework. This ensures that data is secure at all points.

Transaction Speed

Transaction Speed

EOS.IO builds reliable industry-level dapps that are to perform at a transaction rate of 4000 transactions per second. The low block time latency is a great advantage to mission-critical applications.

Parallel Processing

Parallel Processing

EOS.IO offers parallel processing for simultaneously performing multiple transactions, hence cutting down on the workload, reducing errors, and speeding up the transaction.

Permission

Permission

The adaptability of the blockchain extends to the customization of deploying public, private, permission, or permissionless network architecture based on the need of the business.

Why Choose EOS for Blockchain Development?

We have curated few parameters for you to match with your EOS.IO project development, See if EOS.IO is the right choice for your project.

Parameter

Public

Private

Consortium

Anonymous

Transaction Speed

Average Gas Fee of the Network

Interoperable

Native Token Support

Value

Yes

No

No

No

4000 TPS

No Fee

Yes

Yes

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Use Cases of EOS

EOS.IO is a blockchain platform that allows us to develop industrial-scale decentralized applications. On the platform, numerous applications have already been developed. Look at all the business opportunities it can bring to enhance innovation and efficiency.

Account Recovery

Account Recovery

EOSIO’s sophisticated and extensible permissions system account recovery a possibility in the event that private keys are lost or stolen.

Horizontal Scales

Horizontal Scales

EOSIO allows for unbounded horizontal scaling with it’s interchain communication while maintaining the traditional blockchain attributes.

Security Expenses

Security Expenses

Compared to any proof-of-work blockchain, the distributed proof-of-stake reduces the electricity costs of running an EOSIO blockchain.

Turing Completeness

Turing Completeness

Unlike other blockchain frameworks, EOSIO achieves the Turing completeness by including deferred transactions this can be automatically scheduled (and rescheduled) by code.

Usage Expense

Usage Expense

The sophisticated resource allocation scheme of EOSIO independently allocates storage for distributed applications by staking recoverable tokens rather than paying a fee. This makes the application free to use.

Security

Security

EOSIO permissions system allows for account recovery as well as deferred transactions which make it possible to clip back unauthorized transactions without disrupting the integrity of the blockchain.

FAQs

Here are answers to some questions about EOS.IO that our clients frequently ask. Drop us a word if the answers to your concerns or doubts aren't listed here. We'll get to you within 24 hours.