About blockchain and understanding of EOS

In 2018, it may be a node connecting the two ports of the Internet and blockchain.

Blockchain is composed of the words "block" and "chain". "Block" represents a collection, a collection of all elements related to a certain event; "chain" represents a relationship, a network formed by the intersection of each element. People often say that blockchain will be a technology that changes the future world of mankind, but what I want to say is that blockchain cannot change the real world, it changes the entire Internet.

Because the core of blockchain is "decentralization", this technology can bring about a transaction model that does not require the accumulation of trust, so as to more fully realize the value transferability of the Internet.

After mentioning the blockchain, let’s talk about the key point: EOS. Judging from the current blockchain development environment, EOS has become the third most popular blockchain currency after Bitcoin and Ethereum. From the perspective of application technology, EOS is different from Bitcoin and Ethereum currencies. It is a token released based on the http://EOS.IO software project, so it is called blockchain 3.0.

I don’t agree with EOS being called “Blockchain 3.0”. Because its development is still in the technical stage and cannot have a major impact on the current development of blockchain, this concept often leads to misleading factors for people who are new to blockchain.

As far as the recent currency market is concerned, the sharp rise of EOS has further stimulated the upward trend of other currencies. First of all, in June, 21 super nodes of EOS came online, which caused the big guys in the currency circle to Enter the game to draw Leeks' attention to EOS, in order to obtain EOS voting rights to be elected as the person in charge of the node. In the EOS super node election, China has 11 candidates, currently ranked first, followed closely by They are the United States (8) and Canada (3).

After all, based on the current market value of EOS, the total amount of EOS is one billion. The income from the 5% additional issuance of EOS every year is about 400 million U.S. dollars, which is divided among 21 nodes. Each node still has nearly 100 million U.S. dollars every year. The income in RMB, after deducting operating costs, technical costs, etc., is still a business that is sure to make a profit without losing any money.

In addition to the aspect of super nodes, the expected hype is also a major basis for the popularity of EOS. If the transaction speed of digital currencies such as Bitcoin and Ethereum is expressed in digital form, the transaction speed of EOS is Millions of times for these currencies, of course, this is based on the premise that EOS can be developed.

In terms of development difficulty, unlike developers building an application without any template on Ethereum, EOS has a set of functional application systems that can be provided to developers for use. Further reduce costs and improve efficiency.

The current price of EOS is 8 US dollars. In the previous week, EOS once surged past the 9 US dollars mark, once surpassing Litecoin in the market value rankings and sitting on the fifth place. Although there has been a correction, it has to be said that under 50 yuan is still an opportunity worth getting involved. After all, making money is the only knowledge of the blockchain, and getting rich overnight is the dream of all people in the currency circle.

Digital currency is still supported by the belief of technical people, so there will be no value investment in the short term. I hope that everyone who invests in digital currency will have sense and be willing to use a negligible principal. In exchange for an expectation of changes in the times.