What is EOS?
EOS is a decentralized platform that was built to simplify the horizontal and vertical scaling of decentralized applications. It works as a decentralized operating system and can process millions of transactions in seconds, with a transaction speed of less than 2 sec.
What are the major features of EOS?
As the project aims to solve the main issues bigger blockchains face, such as transaction speed, scalability, and flexibility, it offers permissionless schema, easier upgradability, lower energy consumption, and on-chain governance.
Is EOS better than Ethereum?
Even though there are a lot of factors to take into consideration to answer this question, there are several points where EOS outperforms Ethereum. For example, it has bigger throughput and lower transaction cost and the transactions can be performed on EOS much faster.
What is the time needed to develop a product of the EOS platform?
It can be stated for sure that the EOS development takes some time, though to define the period needed, more specifications about your project are required. At least, we would need to know the complexity of the desired solution, the functionality you’re expecting, technical requirements, etc.
What is an EOS smart contract?
It is specific software that runs on EOSIO nodes, with data stored on the node’s RAM. Smart contracts run when predetermined conditions are met, and are mainly used for automation of the agreements so the participants can be immediately certain of the outcome, without the involvement of any intermediary.