Features of EOS Blockchain

1. Scalability

Scalability, which is basically the measure of the number of transactions executed per second, is quite a significant concern for most blockchain platforms, as blockchain transactions require each node in the network to come to a consensus for anything to pass through. This negatively impacts the user experience.For example, while Paypal manages 193 transactions per second. In contrast, Bitcoin only works 3-4 transactions per second. But, with their distributed proof of stake (DPOS) mechanism, EOS claims to be able to process millions of transactions per second.

2. Permission Schema

With EOS’ comprehensive permission system, you can define custom permissions for a range of business situations.For example, you can develop a custom permission to protect a specific feature of an EOS smart contract.

3. Upgradability

All the dApps deployed on the EOS blockchain platform are upgradeable. It means users can be allowed to deploy code fixes, add/change features and change application logic. Furthermore, developers can update their applications without becoming permanently tied to a bug.

4. Less energy consumption

EOS is a less energy-intensive platform compared to others, due to DPOS.

5. Governance

Each transaction in EOS requires the hash of the constitution attached to the signature, which essentially binds the users to the constitution.

6. Decentralized Operating System

EOS is a decentralized operating system that allows it to offer a vast array of business-friendly and user-friendly features.

Accounts and Wallets in EOS

In the EOS infrastructure, the EOS wallet is like a store of public-private key pairs needed to authorize actions on the blockchain.

EOS follows a different structure for accounts in comparison to other cryptocurrencies. An account in EOS is like an on-chain identifier with access permissions. It can be owned by several people depending on the permissions. However, there is no inherent relationship between accounts and wallets.