EOS and Cardano have announced some noteworthy updates regarding the ongoing development of their platforms. The crypto community is keeping a close eye on these projects, which some refer to as “sleeping giants”. However, many people have a difficult time understanding what exactly these platforms will do (and how they work) once they’re launched. This is primarily due to their highly technical nature, as is the case with most crypto platforms.
So, let’s try to understand what actually EOS and Cardano aim to do and how they plan to do it.
What is EOS?
“[is] software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.”
In order to understand this better, I’ll start with an explanation of what horizontal and vertical scaling of applications means. A blog post from G2TechGroup states that horizontal scaling is the process by which computing machines are added onto a computer network in order to increase its processing power. Meanwhile, vertical scaling increases the processing power of a software system by upgrading the (Read More).