Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Niteroy on May 16, 2019, 09:00:57 AM
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EOS Updates Have 'Nearly Tripled Sustained Throughput on Testnets': Dan Larimer
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Daniel Larimer, the Chief Technical Officer (CTO) at Block.one, has revealed that “recent updates” to the EOS network code have “nearly tripled sustained throughput on large testnets.”
https://twitter.com/bytemaster7/status/1128454254509920256
EOS, one of the world’s largest platforms for building and deploying decentralized applications (dApps), has seen more than 131,000 users spend over $18.8 million (appr. 3 million EOS tokens) on EOS-based dApps in the past 24 hours.
This, according to data from DappReview (@dapp_review), which revealed that the top 3 EOS dApps accounted for around $8 million in EOS tokens being spent.
https://twitter.com/dapp_review/status/1128284128628047873/photo/1
“Thousands Of Major And Minor Players” Will Participate On EOS Network
Responding to a question about whether the 21 block producers may one day include large tech firms such as Google, Amazon, among others, Larimer said that he envisions “thousands of BPs, running thousands interconnected chains hosted by major and minor players.”
Interestingly, Larimer has predicted that blockchains will “replace the vast majority of traditional databases and business logic.” During this transition, the Block.one CTO thinks EOS will play a leading role in helping firms and organizations migrate their legacy systems over to decentralized platforms.
Centralized Systems “Take Advantage Of The Prisoner’s Dilemma”
According to Larimer:
"Centralized systems take advantage of the prisoner’s dilemma whereby individuals defect for private savings at expense of group freedom. Breaking this dilemma requires individuals to value principles over profit or centralized enforcement of decentralized systems. A paradox."
In response to Larimer’s comments regarding the inherent problems with centralized platforms, Twitter user Adam Dorfman (@AdamDorfman00) asked whether the crypto pioneer would “accept an answer” to the paradox, even if “he’s not the one who thought of it.”
"I Have A Long History Of Changing My Opinion With New Info"
Larimer remarked:
"I try to accept or consider all ideas and have a long history of changing my opinion with new info."
Last month, Larimer had claimed that delegated proof-of-stake (DPoS)-based blockchain networks could be upgraded more easily when compared to proof-of-work (PoW)-powered crypto platforms.
Per the BitShares and Steem founder’s words:
"Proof of work becomes completely centralized when quantum leap in computation or algo is discovered... dpos stays decentralized regardless of technological developments.You can fork dpos easily, but creating a new resistant proof of work is very difficult.”
https://www.cryptoglobe.com/latest/2019/05/eos-updates-have-nearly-tripled-sustained-throughput-on-testnets-dan-larimer/
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The EOS coin was already considered a worthy competitor for ethereum in the future, as it has relatively higher functionality. If, in addition to this, it has increased its scalability three times, this will significantly increase its chances. It is not by chance that this coin constantly takes prizes among the cryptocurrencies in China.