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Hello!
What blockchain will IRYO Platform build on?
What blockchain will IRYO Platform build on?
Hey, great question. We are using EOS.
From our whitepaper:
Quote
EOS will offer "shards" (they call it blockchain apps), which users would be able to utilise on their partitioned network - user nodes can discard all other messages, making them as light
as the chain is designed to be. A lightly designed blockchain app would have the ability to spread more nodes since it's easy enough to verify, even if the entire EOS network gets "bloated".
Instead of transaction fees, EOS chooses a smarter way to charge its users.
Every blockchain app (shard) must deposit coins for their users. Practically, 1% of locked coins means that users of this app can get 1% of all bandwidth of block producers... and until your app only uses 1% of the whole EOS ecosystem, all transactions are free for end-users. That way new users don't need to pay for anything. However, the blockchain app developer still has to mind the resources, or else the requirement to buy more and more EOS tokens to stake would ‘kill’ his blockchain app’.
as the chain is designed to be. A lightly designed blockchain app would have the ability to spread more nodes since it's easy enough to verify, even if the entire EOS network gets "bloated".
Instead of transaction fees, EOS chooses a smarter way to charge its users.
Every blockchain app (shard) must deposit coins for their users. Practically, 1% of locked coins means that users of this app can get 1% of all bandwidth of block producers... and until your app only uses 1% of the whole EOS ecosystem, all transactions are free for end-users. That way new users don't need to pay for anything. However, the blockchain app developer still has to mind the resources, or else the requirement to buy more and more EOS tokens to stake would ‘kill’ his blockchain app’.
More in whitepaper
