Category: 4. What is EOS Blockchain

The cost of developing a dApp on EOS invariably depends on three main factors – resource Type, resource usage, and resource allocation. The types of resources an account consume among RAM, Network or CPU grossly influences the cost. Depending on the usage of a resource and its allocation the cost to build a dApp on…

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…

Unlike BItcoin, EOS does not rely on mining to get new coins. Here, block producers generate more blocks and are rewarded with EOS tokens in exchange. In fact, block producers can publish the desired amount for payment. To prevent misuse of the feature, the mechanism has a limit towards producer award tokens such that the annual hike…

It is composed of two major elements : 1. EOS.IO Software: It can be compared to the Operating System of a computer. This software manages the EOS blockchain network and is responsible for scaling DApps. 2. EOS token: This is the official cryptocurrency of the EOS network. Developers do not necessarily have to spend the…

EOS stands for Electro-Optical System and is a popular open source blockchain based platform which can be used to host, develop and manage dApps (Decentralised Apps). The cryptocurrency that derives the network is called EOS. It is made with the aim to make blockchain technology more accessible and easier to use for developers around the…