EOS

Key Technical Advantages:

Blockchain Architecture: EOS.IO is a blockchain architecture that enables vertical and horizontal scaling of decentralized applications (dApps). It provides an operating system-like environment with accounts, authentication, databases, asynchronous communication, and application scheduling across multiple CPU cores or clusters, aiming to scale to millions of transactions per second and eliminate user fees. Consensus Algorithm (BFT-DPOS): EOS.IO uses Delegated Proof of Stake (DPOS), a consensus algorithm where token holders vote for block producers. This algorithm allows for cooperation between block producers, preventing forks under normal conditions and automatically switching to the longest chain in case of a fork. Byzantine Fault Tolerance is added for faster irreversibility, reaching consensus within 1 second. Transaction Confirmation & aBFT: EOS.IO combines DPOS with asynchronous Byzantine Fault Tolerance (aBFT) to achieve faster transaction confirmations. Transactions can be confirmed with 99.9% certainty within an average of 0.25 seconds, while aBFT ensures 100% confirmation of irreversibility within 1 second. Resource Management: EOS.IO adopts a "receiver pays" model, where developers can delegate resources for users to access applications for free. This approach separates transaction costs from token value and encourages widespread adoption of the platform. Additionally, it employs a system for state storage costs and block rewards. Governance: EOS.IO incorporates governance mechanisms, such as freezing accounts, changing account code, and upgrading the protocol and constitution. These mechanisms allow for emergency changes and protect the network from potential abuse while maintaining a level of adaptability and flexibility for the blockchain platform. Content summarized by AI chatbot

Source:

https://eosnetwork.com/blog/category/eos-blue-papers/