So the token distribution is over, the mainnet launched successfully, and now EOS is here.
Still very confusing, like most crypto. But do you know how Ethereum works under the hood?
I didn't think so. But yet, here it is. And what is it? There is a lot to learn. First, get SimpleWallet installed and either import your keys or create a new one if you don't have it.
The token launched
around 50 cents, and it went all the way up to $21 one day. This is just the beginning however, and you will see more projects launch, I am still researching the EOS net.
That is what I will call this.
EOSNet
at www.mydarkflame.net/eos <- Nothing here yet. I will cast a net and try to create a directory of EOS projects that I have found and am researching. That would be the most helpful to me right now, and there are a few sites.
Can you recommend any great DAPPs?
Scatter for your browser
https://get-scatter.com/
Proposal for EOS Resource Renting & Rent Distribution
We present a solution for lowering the capital costs of using network and CPU resources on EOSIO based blockchains. The EOS network allows at most 400ms per second of CPU time to be billed and an average of 40ms per second sustained. This CPU time is divided evenly among all holders of EOS tokens that choose to stake them for 3 days. Unused CPU time is allocated on a fractional reserve basis, which means unused time is given to those who stake and decide to use it.
The EOSIO white paper called for the ability to delegate bandwidth to others. The ability to delegate bandwidth implies the ability to rent unused bandwidth. From this token holders have an opportunity cost associated with not renting their unused bandwidth.
Creating an efficient rental market requires price discovery and liquidity. An efficient rental market will ensure resources are always available and at more reasonable prices for the participants. Token holders can lend their EOS at a fee in exchange for some loss of liquidity for the duration of the loan. There is no risk of losing capital to the lender.
https://medium.com/@bytemaster/proposal-for-eos-resource-renting-rent-distribution-9afe8fb3883a