EOS Brings Smart Contracts to New Level

EOS provides solutions

by Marina Ovcharova
09 February • 2 min
In News

Similar to Ethereum, EOS is a smart contracts platform. Unlike Ethereum, EOS has had the time to observe the blockchain technology and the market for some time now and it seems like it has found solution for blockchain platforms' major issue – the scalability, writes Trudex researcher Nicholas Kith.

EOS provides solutions

The platform is specially designed to handle a huge number of transactions. Actually, the operated by the system events may come to millions per second. 

This solid volume could enable big companies to build applications for their needs without worrying about the number of transactions they need to accomplish.

The solution is so effective that it seems possible soon to become irreplaceable for large corporations working with smart contracts.

Users can load applications for free

The EOS platform innovates in a way that can only be seen as a next step to the blockchain's purpose - complete decentralization. What it is about: creating and running blockchain applications, can be done on EOS platform by users without paying any additional cost. Furthermore, the process can be accomplished by anyone as it requires no servers.

The possible effect of the decentralization is that EOS may become the smart contract market leader. It is accessible to the general public and hasn't presented any scalability problems so far.

Debugging will no longer be an issue

The next feature EOS' team plans to launch is to enable developers to resolve existing bugs in the applications in real time. Such an attribute will eliminate some of the users' main complaints and will save precious time lost in repairs.

EOS is already gaining trust and it can be found at many of the well-known exchanges, such as Bitfinex and Binance. Also, it can be stored in MyEtherWallet or any hardware wallets such as Trezor.