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Cryptocurrency Platform Others Core Tech Blockchain-infrastructure Technology

EOS

Ended
Ended: Jun 1, 2018

Decentralize Everything

The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications. EOS.IO software utilizes the only decentralized consensus algorithm capable of meeting the performance requirements of applications on the blockchain, Delegated Proof of Stake (DPOS). Under this algorithm, those who hold tokens on a blockchain adopting the EOS.IO software may select block producers through a continuous approval voting system and anyone may choose to participate in block production and will be given an opportunity to produce blocks proportional to the total votes they have received relative to all other producers. For private blockchains the management could use the tokens to add and remove IT staff. The EOS.IO software enables blocks to be produced exactly every 3 seconds and exactly one producer is authorized to produce a block at any given point in time. If the block is not produced at the scheduled time then the block for that time slot is skipped. When one or more blocks are skipped, there is a 6 or more second gap in the blockchain. Using the EOS.IO software blocks are produced in rounds of 21. At the start of each round 21 unique block producers are chosen. The top 20 by total approval are automatically chosen every round and the last producer is chosen proportional to their number of votes relative to other producers. The selected producers are shuffled using a pseudorandom number derived from the block time. This shuffling is done to ensure that all producers maintain balanced connectivity to all other producers. If a producer misses a block and has not produced any block within the last 24 hours they are removed from consideration until they notify the blockchain of their intention to start producing blocks again. This ensures the network operates smoothly by minimizing the number of blocks missed by not scheduling those who are proven to be unreliable. Under normal conditions a DPOS blockchain does not experience any forks because the block producers cooperate to produce blocks rather than compete. In the event there is a fork, consensus will automatically switch to the longest chain. This metric works because the rate at which blocks are added to a blockchain chain fork is directly correlated to the percentage of block producers that share the same consensus. In other words, a blockchain fork with more producers on it will grow in length faster than one with fewer producers. Furthermore, no block producer should be producing blocks on two forks at the same time. If a block producer is caught doing this then such block producer will likely be voted out. Cryptographic evidence of such double-production may also be used to automatically remove abusers. The EOS Token distribution will take place over 341 days starting on June 26, 2017 at 13:00 UTC. One billion (1,000,000,000) EOS Tokens will be distributed according to the schedule below: - 200,000,000 EOS Tokens (20% of the total amount of EOS Tokens to be distributed) will be distributed during a 5 day period beginning on June 26, 2017 at 13:00 UTC and ending on July 1, 2017 at 12:59:59 UTC (the “First Period”) - 700,000,000 EOS Tokens (70% of the total amount of EOS Tokens to be distributed) will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each beginning on July 1, 2017 at 13:00:00 UTC - 100,000,000 EOS (10% of the total amount of EOS Tokens to be distributed) will be reserved for block.one and cannot be traded or transferred on the Ethereum network.

The most powerful infrastructure for decentralized applications

The EOS software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions per second, eliminates user fees, and allows for quick and easy deployment of decentralized applications.

The Most Powerful Infrastructure for Decentralized Applications

EOS enables parallel processing of smart contracts and horizontal scalability allowing an estimated 100K transactions per second.

Website

eos.io

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ICO Details

Ticker Symbol:
EOS
Platform
Own blockchain
Accepts:
ETH
Hard Cap:
1,000,000,000 EOS
Country:
2017
Total supply
1,000,000,000 EOS

Public Crowdsale

Ended
Date Sale:
Jun 26, 2017 — Jun 1, 2018 @ 340 days
Price:
1 EOS = 0.99 USD (0.00327 ETH)

ICO Overview

About EOS The Most Powerful Infrastructure for Decentralized Applications Scalable Support thousands of Commercial Scale DApps Parallel Execution Asynchronous Communication Separates Authentication from Execution Flexible Freeze and Fix Broken Applications Generalized Role-based Permissions Web Assembly Usable Web Toolkit for Interface Development Self Describing Interfaces Self Describing Database Schemes Declarative Permission Scheme Equal Opportunity To ensure inclusivity, EOS Tokens have no pre-determined price; rather price is set by market demand. This mimics mining without giving potential unfair advantages to large purchasers. Broad Distribution The EOS Token distribution takes place over 341 days which is expected to provide ample time for the community to familiarize themselves with the project, as well as participate in the distribution. Transparency An Ethereum smart contract proves receipt of incoming funds for EOS Tokens.

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.

Telegram members

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Team

Wendy Lee
CLO
Ian Grigg
Partner
Kokuei (Guo) Yuan
Brendan Blumer
CEO
Alexander See
Michael Cao
Brock Pierce
Partner
Daniel Larimer
CTO
Andrew Bliss
CFO

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