Envisioned with their desires in mind, Evertwine stands tall on four mighty pillars: integrated tokenomics, NFTs, staking and yield farming, backed by cutting-edge protocols. Together, these elements forge a path towards a smoother and more refined user journey, accommodating players of all expertise levels, and embracing both newcomers and seasoned veterans of card game mechanics and blockchain game trading. At Exordium, inclusivity is their guiding principle. They strive to create a fair and vibrant ecosystem where every individual can forge…
Blockchain veteran Dan Larimer formed EOS as a social smart contract platform. The EOS white paper, published in 2017, proposed releasing an open-source software system (EOS.IO) to help entrepreneurs and app developers create DApps quickly and easily. Future users’ main benefits were server hosting, cloud storage, and user authentication. EOS was marketed, developed, and released by a private institution, block. One, under Dan’s leadership.
EOS made mainstream headlines when its Initial Coin Offering (ICO) campaign attracted over $4 billion from investors who saw it as a prospective successor/competitor to Ethereum. One of the main reasons which propelled the staggering crowd sale was Block. One’s proclamation is that the EOS platform would incorporate three significant features: scalability, flexibility, and usability.
What Sets EOS Apart from the rest?
The EOS blockchain is, in essence, a programmable blockchain offering smart contract computation. Compared to Ethereum, EOS introduces a different approach to solving scalability and usability problems. For example, EOS introduces a different consensus algorithm called — Delegated Proof of Stake (DPoS).
One of the significant reasons the initial attraction was so highly valued was that it promised Block times of 1.5 seconds. A proprietary form of Delegated-Proof-of-Stake achieved this that EOS employed wherein only 21 “delegates” were allowed to form blocks. There was no competition among these delegates because the algorithm periodically ensured all delegates got an equal chance.
One must understand that what EOS gains in scalability, speed, and functionality loses centralization, open-source, and transparency. Allegations have been made about EOS for going against the fundamental principles of the blockchain market – decentralization, transparency, and distributed news. But since it is an open market, EOS is given the right to develop as they see fit. If there is a market gap for a fast and centralized platform, EOS is here to fill that gap. If there were no gap, EOS wouldn’t have had an ICO for $4 billion in the first place.
Top Dapps on EOS
NEWDEX, a decentralized exchange, was founded in 2018 and was launched on the EOS blockchain before moving on to other platforms. The business is operated and maintained by the Newdex Inc organization. Newdex is a highly secured, open, and transparent exchange. They offer convenient trading to their users, and their exchange platform was the first to achieve seamless cooperation between a wallet and an exchange platform.
Dubbed “The Wikipedia Competitor That’s Harnessing Blockchain” by WIRED, Everipedia is an online encyclopedia built on the EOS blockchain. The company behind Everipedia EOS DApp is known as Everipedia Inc. It was founded in December 2014 by Sam Kazemian and Theodor Forselius. The main net was launched in January 2015. Everipedia users can create Wikipedia-style pages on any topic using videos, pictures, and links. In addition, the users are rewarded with IQ tokens for contributing to the website by writing, editing, and voting on the articles’ credibility. As of mid-2020, the IQ token is the most traded token on the EOS blockchain, primarily due to the local community building over the years.
Bancor is a multi-blockchain DApp that functions as a swapping platform. The platform introduces itself as “the first Cross-Blockchain Decentralized Liquidity Network.” Bancor operates a decentralized cross-chain liquidity network that allows users to convert between any ERC-20 or EOS token instantly. Both Bancor users on Ethereum or EOS can convert their tokens across the blockchain without depositing funds on an exchange. Hence, they do not have to engage in any exchange-based order matching between sellers and buyers. BancorX enables the conversion between EOS & Ethereum through the Bancor Network Token, which operates on both EOS & Ethereum, making it one of the first multi-chain dapps.