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Daniel Larimer, CTO of block.one


Questions for Blockchain daily News & answered by Daniel Larimer, CTO of block.one.






Daniel Larimer
Daniel Larimer
Can you tell me more about block.one?

block.one is a developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including EOS.IO. The company is led by Brendan Blumer (CEO) and myself (CTO).

What are the differences between Ethereum platform and EOS platform?

The largest differences between Ethereum and EOS are:

1. Design philosophy: EOS provides a higher-level framework for application development so that developers don’t have to do everything. Users can rely upon standardized account and permission systems.

2. Consensus mechanism and overall blockchain governance approach: EOS will utilize delegated Proof-of-Stake (DPOS) consensus mechanism, whereas Ethereum uses Delegated Proof-of-Work.

3. Scalability: EOS will utilize parallel processing to scale horizontally allowing estimated 100K+ transactions per second, whereas Ethereum reaches 30 transactions per second.

4. Denial of Service Attacks: EOS should not be vulnerable to DOS attacks. The ownership of EOS tokens gives users a proportional stake in the network bandwidth, storage, and computing power. Whereas, Ethereum has finite bandwidth and computing power in the network where miners select high-fee transactions to add to the blockchain.

5. Fees: Unlike Ethereum, EOS runs on an ownership model, which will have zero transaction fees, there is no network development cost, except for the initial purchase of EOS tokens.

What are the benefits of EOS.IO?

EOS.IO is the first horizontally scalable blockchain platform with the native functionality similar to an operating system. EOS abstracts the complexities associated with cryptography, accounts, permissions, authentication, database, inter-application communication and scheduling.

The EOS operating system will revolutionize the way decentralized applications are built, deployed, and governed by massively reducing the development time and complexity. If you’ve built a website, you can launch a global scale decentralized business on EOS, with the look and feel of the applications today’s consumers are familiar with.

Can you tell me more about your ICO? Why did you choose that model?

We decided to distribute EOS Tokens over the course of a year by simulating mining and recovering the money currently wasted on electricity. This ensures the community had ample time to learn about the benefits of EOS software and participate in the token distribution if they wish. Also, having the token distribution take place over an elongated amount of time, reduces the fast-acting freenzy most short token sales create and sets a fair token price based on market demand.

How do you see the blockchain ecosystem 5 years from now?

In 5 years, I anticipate blockchain will have broken down the barriers of entry into the mainstream market and become more of a commonality. We believe EOS is a step in the right direct for this adoption and that EOS will be the platform of choice for decentralized application developers and the community of choice for participants of the decentralized economy.

Daniel Larimer, merci d'avoir répondu à nos questions et rendez-vous très prochainement dans un nouveau numéro de Blockchain daily News.

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Friday, July 7th 2017
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