Hello fellow Steemians!
In this week’s edition of Jamie’s blog, I will be giving you some valuable insight into some of our OTC(Over-the-Counter) products.
Allow me to introduce, Tezos. It is Developed by ex-Morgan Stanley analyst Arthur Breitman. Tezos (XTZ) is a multi-purpose platform that supports dApps and smart contracts. It aims to combine a self-correcting protocol and on-chain governance to manage network modifications. Tezos is powered by XTZ, which is created through 'baking'. Bakers put up deposits and are rewarded for signing and publishing blocks. Witnesses then validate the blocks. Dishonest bakers lose their XTZ deposits. Tezos uses delegated proof-of-stake (DPoS) and supports Turing complete smart contracts. Tezos is implemented in the OCaml programming language, which is said to offer 'functional, imperative, and object-oriented styles'. I hope that gave you guys a somewhat decent understanding of what Tezos really is.
Next up we have EOS.IO, which is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. EOS (EOS) is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. The EOS software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters.
As the world’s first application built on an EOS ecosphere, OracleChain needs to
meet the demands of the Oracle (oracle machine) ecosystem by efficiently linking
blockchain technology services with various real-life scenarios.
Everipedia is the next generation encyclopedia rebuilt for the modern age. With over 6 million articles and counting, it’s already the world’s largest English encyclopedia by content. The company uses EOS blockchain technology and a cryptocurrency token called IQ to encourage content generation and to stop certain countries from blocking its content
Last but not least, we have Zilliqa. It was Introduced in 2017, and is centered around the idea of 'Sharding' and was designed to enhance the scalability of cryptocurrency networks such as Ethereum. Sharding is analogous to the concept of 'divide and conquer', where transactions are divided into smaller groups for miners to perform parallel transactional verification. The upshot of this is the ability to reach consensus more quickly, which would increase the number of transactions in a given period. According to the white paper, transactions speed could scale to approximately 1000x that of Ethereum's network. Zilliqa’s high throughput means that developers can focus on fleshing out their ideas rather than worrying about network congestion.
Mindshare is a global media and marketing services company with 7,000 employees across 116 countries, and global revenue at USD34.5B annually. Mindshare announced a partnership with Zilliqa last year to build blockchain applications for the digital advertising industry. Project Proton is the first phase of this partnership that will evaluate how Zilliqa’s blockchain protocol can address some of the potential applications of this technology to the advertising industry.
To anybody who read and understood this the first time, I applaud you. It was certainly a tough read, with a whole bunch of terminology. Nonetheless, I hope it gave you a somewhat decent understanding of what Tezos, Eos and Zilliqa are all about.
Kind regards, Jamie
