EOS in a Nutshell for Novice by oluwoleolaide

eos · @oluwoleolaide · Aug 1 '17

$1.51

EOS in a Nutshell for Novice

![](https://steemitimages.com/DQmYFm8w9keXByqfVpppSKKNBpGV736fULghaRKpUzYCgGg/image.png)


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<center>![](https://steemitimages.com/DQmPpcZYk2ctc12Cgz2upcy7ctgM1MrFBiY4R6YasXNMive/image.png)</center>




<h4>*I start in a very comical way, EOS is the distant cousin of Etherum...Lough It All Out!*</h4>



After my mild integration into Steemit and Steem plus some other cryptos, i have tried to follow up and understand the intricacies of all emerging Altcoins, most especially  _**eos**_, which seems to me then like another programming codes. But the start of it's ICO back in June 2017, i now have a more clear little understanding of this token.



Let us see what it means in a more technical term:

>EOS, by [block.one](http://block.one/), is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality(including databases, accounts with permissions, scheduling, authentication, and handling communication between the application and the internet), thus allowing developers to focus on their own particular business logic.......QUORA







To many, there too many techy words used up there, so i dug deeper and here are some of the less technically inclined shorter definitions i have surfed and compiled:


>EOS is a new type of Blockchain built on graphene architecture..... Micheal Taylor


> EOS is a blockchain-based decentralized Operating system, designed  to support commercial-scale decentralized applications by providing all the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web applications....Roee Oren, Growth Hacker




<center>![20562956_10211387275891239_1698873925_n.png](https://steemitimages.com/DQmbANxhseLiSuupF49NxKUbuovNM9jQMjVmJxqdRJQLnxd/20562956_10211387275891239_1698873925_n.png)</center>

*Screenshots showing EOS on CoinMarketCap as at today 1st of Aug 2017*


There is no more simpler way to simplify EOS in its simplest form except you choose the comical version up there. But in the mean time, i will like to share my own simplified *eos* principles of operation.


<h2>OPERATING PRINCIPLES</h2>

- The model evolves on it's own which makes it a self-sufficient system.

- It can operate simultaneously i.e Scalable and fast pace transactions.

- More Applications can be built on EOS.

- To every block mined, there are rules and regulations users must adhere to.

- EOS will not demand payments per all transactions.

- A year long ICO giving room to token even distribution and adoption.











Ladies and gentlemen, i think we have something more seemless than Bitcoin (until after the Bitcoin Hardfork we will find out) and in case you are wondering, the brain behind EOS are this  blockchain veterans leading the team:

>- Brendan Blumer, CEO: Involved in the blockchain industry since 2014, Brendan is a serial entrepreneur who has built businesses including trading of virtual currencies in MMORPGs in the US, okay.com in Hong Kong and 1Group in India.

>- Daniel Larimer, CTO: A serial entrepreneur focusing on innovative technologies ranging from virtual reality simulators to second-generation cryptocurrencies. Dan is a specialist in software development and the inventor of the widely adopted _**"Proof of Stake”**_ and “Decentralized Autonomous Corporations” concepts.

>- Brock Pierce, Partner: A venture capitalist and entrepreneur who pioneered the market for digital currency in games and has raised more than $200 million for companies he founded. Brock is the Chairman of the Bitcoin Foundation, and co-founder of Blockchain Capital, among others.

>- Ian Grigg, Partner: A financial cryptographer who has been building cryptographic ledger platforms for over 20 years, Ian is the inventor of the Ricardian Contract and the co-inventor of Triple-Entry Accounting. 



It is the era of evolving technology, and more sophisticated systems are still coming, be prepared!



















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<h3>Be a smart Minnow/Newbie, read more on eos at : 
- https://eos.io and
- https://block.one</h3>


*Image Source: [1](https://www.cryptoninjas.net/2017/06/23/eos-blockchain-operating-system-unveils-year-long-token-distribution/)- [2](https://www.quora.com/What-is-EOS-cryptocurrency)- [3](https://coinmarketcap.com/assets/eos/)*


*Sources :[1](https://coinmarketcap.com/assets/eos/)- [2](https://www.investitin.com/eos-ico-review-eos-good-investment/)- [3](https://www.quora.com/What-is-EOS-cryptocurrency)- [4](https://www.investitin.com/eos-ico-review-eos-good-investment/)- [5](https://www.coindesk.com/eos-unpacking-the-big-promises-behind-a-possible-blockchain-contender/)- [6](https://www.cryptoninjas.net/2017/06/23/eos-blockchain-operating-system-unveils-year-long-token-distribution/)*
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<h1>UPVOTE, RESTEEM, FOLLOW AND COMMENT.....It's your friendly Neighbor @oluwoleolaide for Steem-Lagos-Nigeria-Africa-World!</h1>


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👍 pharesim, elementm, oluwoleolaide, sirwinchester, davidbrogan, minnowsupport, timothyb, necrophagist, elyaque, technology-trail, blhz, yoloswags, strangerarray, lastminuteman, pheonike, crypto-trail, the-commentator, the-fillosopher, cryptoninja, ubg, steemprentice, stephen.king989, outlier, benjamin.still, raymondspeaks, ogochukwu, shellyduncan, shawnfishbit, diana.catherine, jhermanbeans, gindor, bluchr, badastroza, eyegasm, pomperipossa, mondeja, edrivegom, aarellanes, marcusxman, n1kofi, raizen, starrkravenmaf, gohba.handcrafts, cloh76, pusteblume, rycharde, cryptohustler, loreennaa, natra, burnedpixel, endaksi1, detlev, myday, rupeka, taica, worldtraveler, markfitzgerald, sportsprediction, whatamidoing, qwasert, numpypython, outerground, andrewgenaille, timbalabuch, and 18 others

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@thefig · Aug 1 '17

Scalability + Speed of transactions could make this an interesting altcoin for sure 👍

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@oluwoleolaide · Aug 1 '17

Very true my dear friend

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@the-commentator · Aug 1 '17

can i buy with steem or Dogecoins?

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@oluwoleolaide · Aug 1 '17

Hold your horses my friend, but you should be able to later on

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@lindabasilick · Aug 1 '17

I have been reading everything I can on EOS.  Unfortunately, I only understand very little.  The process of educating the mass market may never happen until someone can explain it clearly, so non-techie people can comprehend.  Real Adaption begins when not just 1% of the people understand. Your article was helpful to this newbie.   following

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@oluwoleolaide · Aug 1 '17

Glad i could help dear @lindabasilick , took me a long time to grasp the idea of eos....following you back!

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