Hello steemians,
Today,I will be talking about EOS and why am passionate about it but it will be unfair of me to do that without giving you guys a brief insight into what EOS is...
WHAT IS EOS
According to Wikipedia
EOSIO is a cryptocurrency token and blockchain that operates as a smart contract platform for the deployment of decentralized applications and decentralized autonomous corporations.
This explanation about EOS looks basically like what the ethereum blockchain seems to offer but there is quite more to eos smart contracts on eos are quite more advanced because they will be real life application projects with amazing use cases,examples of these projects are carmel.io and ono.chat and some other upcoming projects on EOS blockchain.
Having known what EOS is,lets proceed to the reason why I love EOS ❤ which is its UNIQUENESS.EOS unlike any other cryptocurrency stands out significantly among other coins,its specs and capabilities are amazing and distinctive to other projects,here are some of its unique features.
RECOVERY FROM STOLEN KEYS
With the EOS software,account recovery is possible if your account gets compromised and keys stolen/leaked,the account user can recover access back to his/her account,bye bye to total loss of accounts through EOS!
Although in terms of security,I think EOS team should consider incorporating an additional 5 digit security code which will be required when making transactions on an account.
This will prevent loss of funds in a situation where the account is compromised and serve as a form of second factor authentication on the EOS system for 100% secure transactions.read more about it here
DIFFERED TRANSACTIONS
EOS is going to support decentralised applications(smart contracts) on its platform which means that ico and airdrops will take place under the EOS blockchain!
Project owners can use this feature to allocate tokens to be sent to participants of their campaign at future dates to meet up with future schedules timely without going through the stress of sending in batches to maintain fair distribution
Moreso,individuals who interact on the EOS blockchain can use the differed transaction option to send EOS or tokens to their friends and families on special days to celebrate them e.g birthdays,anniversaries etc
Moreso its a cool feature to correct against forgetfulness by human beings,you are read more about it here
FREEZING ACCOUNTS
This is one of the major reasons I got into EOS,this connotes that EOS is an open decentralised network that enables users to vote out an individual on the platform who posses to be an obstacle to the efficient performance or well being of the platform.
Just imagine the level of intelligence applied to this project,a decentralised network that is liable to checks and balances,although I fear that some greedy whales might abuse this concept but we cant be so sure until the platform really launches.read more about it
here
Conclusion
EOS is an outstanding project that I think has the most potential so far in the crypto space,if decentralisation were to really take place,then EOS is the best project for such execution.You can subscribe to their youtube channel here
(https://eosnation.io/subscribe)
I can go on and on ranting about why EOS is unique to every other project out there but that wont be really fair so I will stop here,till the next time we meet,I remain my humbleself
