How your EOS Tokens move from Ethereum to the EOS blockchain
A lot of people got confused by the EOS token crowdsale. It’s especially parts like this that make people scratch the back of their heads…
EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features.
Feel free to read the whole license agreement on the EOS website if you want to learn more. And just to be clear: This blogpost is not an investment advice but only a way to express my personal views on the EOS Tokens. https://medium.com/@eosforumorg/how-your-eos-tokens-move-from-ethereum-to-the-eos-blockchain-dafd8448a375Enjoy!@! |
|
|
|
how will EOS handle similar to the DAO hack and Parity bug that froze $300M?
The 21 block producers can vote to accept a certain fix. I think it's like 17/21 that need to approve. They can also block accounts that way. |
|
|
|
the price is really dumpling and pumpling recently, seems there is a hand behind this coin which manipulate the market
Th EOS token lost over 90% of its value from the top. And the current movement just looks technical: https://eosforum.org/t/the-eos-price-trading-topic/22/25So very volatile recovery from the great loss. Still following some sort of trend though, as long as that lasts. Over 26 million usd in volume over the last 24H. So quite hard to manipulate. But who knows: https://coinmarketcap.com/currencies/eos/ |
|
|
|
Do you know anything about the competition? Someone mentioned Substratum but their website and whitepaper seem pretty vague as to how they are tackling the problem.
Are there several ways to crack this nut or are different teams trying variations on the approach Maidsafe are taking?
Not as far as I know. There are a lot of projects focussed on storing data. Even EOS has it's own Storage Whitepaper: https://steemit.com/eos/@eosio/eos-io-storage-white-paper-now-availableThat's all cool and I guess they will provide some cool services as well. But MaidSafe has already tackled quite some stuff. Especially their DNS is quite amazing. No entity is involved except from you if you want to create a safe://yourwebsite And you can already create an account on SAFE without anyone having a clue that it's you. Even MaidSafe (who owns the Vaults now on Alpha 2) have no clue who is registering what username etc. The great promise of SAFE is that it's a fully antonymous network. No servers, no miners that need to set a "gas-price" and more like that. It's very simple: If there is too much storage space in the network, the reward for Farmers goes down. And if there's a lack of space the reward goes up so more Farmers will join. The Vaults in the network decide this in a fully antonymous way. That's the real power of SAFE. |
|
|
|
As said before if only the did as many lines of good code as they did press release
I mean why tell us this stuff, its a waste of time, anyone could see it on github if they set it up right
no product after and eternity in crypto time.
Completely agree. These updates are pointless unless they can actually deliver a Beta version. Unfortunately, it appears as though Substratum will beat them to it which leads me to question why they have taken so long to deliver this. It's been 10 years and they still aren't close to delivering a beta version before the close of this year. Something is very wrong here... there probably won't be a Beta until well into next year simply because it's a bloody tough nut to crack - a fully decentralised internet. And odds are no team will be able to do it. It may be an idea too far, but I am quite content to wait and see what happens. Full disclosure - I have held since the original ICO years ago. I agree, it's very hard. Alpha 3 will probably run next to Alpha 2 and it will probably be public as well (so even connect without a forum account) as MaidSafe hopes people will "kill it". Alpha 3 will allow you to run a routing node from home. So you pass chunks over the network and maybe cache them but won't store them. That's what they're working on for the most part. Routing. Groups have at least 8 nodes but when they grow too big they will split into 2 new groups. And that all happens without a central server or tracker or whatever. The Vaults just reach consensus on the old and new state and then merge/split. It's quite amazing. BETA won't be here in 2017. But the most important thing is that MaidSafe get all these features right. You can't have Safecoin on The SAFE Network if Routing with all it's security isn't fixed. Luckily they have over 20 people working now for their company. And they're growing. So the moment when they've fixed it it will be amazing. |
|
|
|
Same here. I wonder why the mods don't jump in. Anyway: Here's the EOS Community Forum. Still small but growing: https://eosforum.orgGives people another place to talk EOS next to the almost 11K Telegram group  |
|
|
|
Will eos be the token for eos storage? Or will eos storage have a new token?
As far as I know you can just stake some EOS tokens and get an amount of space to store your data. |
|
|
|
The EOS testnet is here in 1 month. Here’s what to expect
A surprising topic showed up yesterday on the EOS-subreddit. The devs are ahead of schedule and user “knowbean” spotted this on their GitHub and made a topic about it:
EOS Public Testnet coming on 4th December — 4 weeks ahead of schedule!
Of course this got a lot of upvotes because everyone who follows a crypto-project is used to delays. But here we are. The devs are weeks ahead of schedule when it comes to starting a test-network and multi-core support.
What to expect
From a user perspective the testnet won’t probably bring that much to the table right at the beginning. At least, that is what I expect. It’s great to know that there’s a blockchain running but unless you interact with it there’s not that much to see. For the Block Producers (BPs) there is a lot to learn though. EOS is quite a new concept and a new block every second (or even every 500 ms!) is completely unknown in the world of smart contracts. Full article: https://medium.com/@eosforumorg/the-eos-testnet-is-here-in-1-month-heres-what-to-expect-2ef546cac6f1First time token buyer here. Just getting in the game now. What’s the safest wallet for holding EOS? And should I even claim it now if I have no intention of selling until the distribution is over?
Just use a Ethereum-address where you own the private key. MyEtherWallet will do the job. Make sure to get a good backup of the private key. Most easy thing is to buy them on an exchange. That way there's no need to claim anything. You can just store EOS as the ERC-20 token that it is. Hope that helps. |
|
|
|
Someone on Reddit spotted this: This milestone has been moved up from 12/31/17 to 12/4/17 and will now be a live Testnet combining EOS 1.0 and EOS 1.1 features. It is noted in Github as STAT: Single-Threaded Application Testnet. https://github.com/EOSIO/eos/milestone/2The first EOS testnet is around 4 weeks ahead of schedule and coming in 4,5 weeks. This is the first moment several block producers will start the blockchain to test the software. Here's the roadmap: https://github.com/EOSIO/Documentation/blob/master/Roadmap.mdThat's good news I would say . |
|
|
|
EOS Development ahead of schedule
That was a nice development update yesterday:
Our original roadmap called for a single threaded implementation to be complete by June 2018 and for multi-threaded development to take place thereafter. We are excited to share that work on the parallel execution engine has begun 8 months ahead of schedule and we believe that it will be ready by June 2018.
For those that wonder what this means: The dev team has already tested up to 10.000 transactions per second on 1 thread. This means that a normal CPU should be able to handle 10K transactions per second. And this is in practise, not in theory because in theory it’s even more:
The final result yielded about 50,000 transfers per second average over many different runs. Keep in mind that these early results have many things that impact performance for better and for worse. It is too early to draw conclusions on the final chain performance, but 50,000 sequential actions per second is a lot closer to the area we want to be — Facebook and Visa and so on. https://medium.com/@eosforumorg/eos-development-ahead-of-schedule-92dba5958535Enjoy!@! |
|
|
|
can somebody explain to me about Block Producers Voting system?? how is round of 21? and how long is it ?
The idea is 1 block every second, but they could decide on a 500 ms. blocktime as well. So imagine 50 block producers (BPs) on the EOS network. They all sync the transactions and data. App-devs (like a social media network) stake EOS in a contract to hire resources. So let's say a social media network stakes 3000 EOS in a contract. Now the miners offer that dApp 15.000 Ts/sec. for example. But there's more. The owner of the dApp can vote for a certain miner, maybe a trusted one which is producing blocks for over a year now. So that block producer now has an extra vote. So EOS will pick the 21 block producers with the most votes. And they are making rounds of 21 blocks (21 seconds) for example. Or 10.5 seconds with a 500 ms. blocktime. Here's more: https://steemit.com/dpos/@dantheman/dpos-consensus-algorithm-this-missing-white-paperQuite an interesting concept. |
|
|
|
I think they have rewritten the code from C++ to Rust, that's the biggest change since 2014.
Yes this is correct, in 2015 they switched to Rust en went from over 500K lines of code in C++ to somewhere below 40K in Rust. Also the architecture from that point was changed. |
|
|
|
i think it would be very careful to waitig until june 2018 to investing in EOS because there is more than 500 MILLIONS tokens that will flooding the market!
EOS have a good team behind it and it's very promising but the markeks and speculation is another thing!
EOS tokens are already trading. Why would another 500 million be dumped in June 2018? If App-devs want to use EOS they need to stake these tokens in a contract. So when the system is about to go live they might wanna buy them because they need them to stake. Not to mention all the attention when the network is "about to go live". So with 1 billion tokens at 50 dollarcent the marketcap will be 500 million. If they trade at 2 dollar the marketcap will be 2 billion etc. Not any different from NEO or Qtum or any other project which is already trading at the moment. |
|
|
|
|
Show Posts
