I have confirmed that this article from AntPool is the most detailed answer about EOS

The EOS supernode election is in full swing recently, but many users do not know what EOS is. Ant Pool has sorted out and answered some of the most concerned questions about EOS. There is an Easter egg at the end of the article.

What is EOS

Describe EOS.IO in one sentence: a high-performance, next-generation blockchain underlying commercial operating system.

EOS.IO software is a dynamic, general-purpose underlying blockchain platform being developed by Block.One, on which applications can be built, enabling decentralized applications to scale better horizontally and vertically.

EOS provides accounts, authentication, databases, asynchronous communications, and application scheduling across hundreds of CPU cores or clusters. It can scale to process millions of transactions per second, eliminate user fees, and allow for quick and easy deployment of decentralized applications.

In what context did EOS emerge and what pain points did it solve?

Bitcoin has not achieved Turing completeness and cannot achieve more functional expansion. At the same time, Bitcoin has also exposed problems such as slow processing speed and high transaction fees.

Ethereum was created to execute smart contracts. Its biggest improvement is that it supports "Turing completeness" and has become a programmable blockchain network system. Currently, its main use is in ICO issuance.

In order to resist hacker attacks and infinite loop bugs that consume the resources of the entire network, a gas charging mechanism was designed, which means that it is impossible to build large-scale general applications on Ethereum. Imagine how high the cost of sending messages between users would be if a blockchain social platform ran on Ethereum.

Moreover, each new block of Ethereum has a 15-second delay, which has no effect on Ethereum wallets, but if you want to implement functions such as posting articles and liking them, 15 seconds is too slow.

The existing blockchain platforms have slow transfer speeds, high transaction fees, high difficulty in concurrent system processing, security defects, and high development difficulty, which are all pain points that hinder the large-scale application of blockchain technology.

To be a successful blockchain application, the following requirements must be met: support for millions of users, free use, easy upgrades and bug fixes, low latency, serial performance, and parallel performance.

EOS is aiming for this goal: to create an operating system that can truly support commercial-grade applications.

What is EOS mapping and why do we need to do EOS mapping

Because the EOS mainnet has not yet been launched, the EOS tokens in everyone's hands are only "temporary EOS", which is an ERC20 token based on ETH. After EOS's own independent public chain is officially launched on the main chain, everyone needs to replace it with the "real" EOS, so mapping is required to complete it. The mapping process is similar to building a bridge between the Ethereum and EOS main chains, mapping the EOS tokens on the Ethereum chain to the EOS public chain.

Recently, Huobi Pro, Binance, OKEx, CEX, COIN TIGER, ZB and other exchanges have issued announcements, saying that they support EOS mainnet mapping. That is to say, if you store EOS on these exchanges, it will be automatically converted into real EOS for you after the mainnet goes online.

About Airdrop Snapshot

[Question] The snapshot is complete but the tokens have not been airdropped into the account. Can I transfer the EOS?

[Answer] Yes. Many friends may not understand the meaning of snapshot. We can use photography as an analogy. If you are preparing to take a photo now, everyone poses and remains still, which is equivalent to depositing all coins into a wallet that supports airdrops, and recording all users' EOS holdings at the moment of the snapshot.

That is, if the airdropped coins have not yet arrived, can the EOS in your wallet be transferred? Of course you can, because the EOS you stored in your wallet has been recorded.

Therefore, friends who want to get airdrop coins need to make sure that it is the snapshot time. As long as the snapshot time has passed, EOS can be transferred.

About Super Node

【Q】Why do we need 21 super nodes?

[Answer] As we all know, the operation of blockchain is decentralized, and someone is required to contribute network computing and storage capabilities.

So why would anyone be willing to contribute their resources? This certainly requires a reasonable reward mechanism to motivate. In the Bitcoin operating mechanism, people who contribute computing power are called miners and have the opportunity to receive Bitcoin as a reward. Everyone can become a contributor of computing power and participate in the universal accounting, and have the opportunity to receive mining rewards.

Under the DPOS consensus mechanism of EOS, in order to ensure the efficiency of calculation, not everyone can participate in bookkeeping, which is mainly provided by 21 super nodes and 100 backup nodes. These 21 main nodes will share economic benefits and governance rights accordingly while taking on responsibilities.

About EOS Voting

[Q] Can I vote now? What does one vote for thirty votes mean?

[Answer] Since the official has not yet released the specific voting rules, you cannot vote for the super node candidates at present. You can log in to the EOS AntPool official website to leave your support intention. After the EOS official officially releases the voting rules, Ant Pool will release a tutorial as soon as possible to help you vote for the selected super node candidates.

The voting rule of EOS is that one EOS is equivalent to one vote, and the number of votes you have is equal to the number of EOS you hold. Users can cast these votes for no more than thirty candidate nodes. Users can choose not to vote, or only vote for a few super node candidates, or only vote for Ant Pool.

What can EOS do?

[Q] What else can you do with EOS besides voting?

[Answer] EOS is the certificate for using EOS system/software resources (such as bandwidth, storage space, etc.). Its quantity determines how much resource capacity you can use, and these resource capacity determines the running speed of your software and the number of users it carries. In the future, developers who build Dapps on EOS will need to hold a certain amount of EOS to ensure the smooth operation of the application. In the future, ordinary users can also use EOS to replace ETH crowdfunding blockchain and receive airdrop candies, etc.

About EOS issuance

[Question] Why does EOS have an increase of 1% - 5% every year?

[Answer] The annual issuance of a certain percentage is actually an incentive for the DPOS mechanism. Unlike Bitcoin, which uses the POW mechanism, EOS cannot obtain block rewards through mining, and unlike ETH, any operation requires a handling fee. Therefore, in order to ensure the healthy and vibrant development of the EOS community ecosystem, EOS issues 1% of the annual issuance to reward 21 super nodes, so as to pay for its hardware expenses, develop the community, and incubate Dapps.

About DPOS Mechanism

[Q] How do you evaluate some people’s criticism that EOS’s DPOS mechanism is a centralized mechanism?

[Answer] The DPOS mechanism is an adjustment of the consensus mechanism between decentralization and efficiency that is more in line with the actual market needs. The consensus mechanism is the key to blockchain projects, and EOS uses the DPOS consensus mechanism. Compared with POW and POS, the biggest highlight is speed and efficiency. However, everything has two sides. In order to achieve the legendary TPS of millions per second, the number of nodes must be reduced. And 21 nodes can just balance the degree of decentralization and block efficiency.

About EOS transaction speed

[Q] After the mainnet is launched, can EOS's transaction speed reach the million level described in the white paper?

[Answer] EOS uses graphene technology with very powerful concurrency capabilities. BTS and STEEM based on the graphene bottom layer can achieve an average confirmation speed of 1.5S and a data throughput of 3300TPS under limited conditions. In addition, with the Byzantine Fault Tolerance mechanism (BEF), EOS can reach millions of TPS through parallel chains, and parallel local chains can even achieve millisecond confirmation speeds.

EOS AntPool Share and Like Activity

• Event time: Beijing time 2018.4.24-4.26, starting at 10:00 every day.

• Number of participants: The first 50 users per day.

• Rewards distribution: 2018.5.2-5.4

Wait...

If the winning user is "Aquarius ♒️", he/she will have the opportunity to receive the following mysterious gifts

For example... any one of the four mascots of Ant Pool... or an autographed photo of the goddess of Ant Pool. Does anyone like that ugly and cute fat ant... Come and join the collection event!

One more thing

Please pay attention to the "World Blockchain Conference" to be held in Macau on April 24, when Ant Pool will announce important news.

EOS AntPool Telegram Group Link:

China: t.me/AntPoolEOSCN

International: t.me/AntPoolEOSUS

EOS AntPool Super Node Election Website: www.eosantpool.com