People in the online community and Github developers are highly engaged
Fig. 7 Google Trends comparison of ETH coin、EOS coin and ADA coin
The recent competition for EOS supernodes has attracted a lot of attention (especially in China), with its Google Trends index soaring well above ETH and ADA. The EOS community has been operating steadily, with the number of people in the official telegram group now standing at 45,086 (48,993 in the ETH official group and 4,566 in the ADA official group). There has been a lot of discussion about EOS in the community, with a daily average of more than 1,000. In addition, the project is also very popular in Baidu search, Twitter, and Facebook.
Fig. 8 Distribution of C++、Go、Haskell and HTML contributors
Source: Github, Openhub
According to the statistics of Github, the number of C++ (the mostly written language of EOS) developers is higher than GO (the mostly written language of ETH) and Haskell (the mostly written language of ADA). Among the open source code of EOS, 86% of them is HTML, 9% is C++, and the other 7 languages takes up 5%.
So far, the number of contributors of EOS is over 110, almost half of that of Ethereum, a more developed project, and more than twice of the earlier project Cardano. In the recent month, the number of eos-platform contributors is 44, a little higher than that of Ethereum (41) and much higher than that of cardano-sl (5). The number of commits in eos-platform is 1,135, which is more than 9 times of Ethereum and more than 100 times of cardano-sl.
Fig. 9 The comparison of code contributors and commits number of EOS、ETH and ADA
Source: Github, Openhub
Project development is proceeding on the basis of the roadmap, with ricks in achieving
Fig. 10 Diagram of EOS Ecology
A reasonable ecological model can improve the expectations of the participants and make each transaction take place spontaneously, thus promoting the prosperity of the whole ecology. The EOS ecosystem consists mainly of the following players: Block.one, which operates EOS, investors of EOS at different times (holders), developers of DAPP on EOS, and users of DAPP.
Table 5 List of Block.one Partners
Source: Official Data
Before the official release of EOS, Block.one had been raising funds only through token ICO; after the release, those involved in the initial ICO would receive the corresponding tokens; then developers would use EOSIO for DAPP development; the final ring would be made up of users. DAPP can be designed to be paid or free, but as long as there are enough users, developers have the potential to make a profit. Because the EOS Token represents access to resources on the EOS (including bandwidth, storage, permissions, and so on), a successful DAPP naturally pushes up demand and prices for the token. From this perspective, early investors actually invested in the expectation of future use value of EOS Token.
It can be expected that in the future, as the number of excellent DAPP and its users on the EOS platform increases, the price of EOS Token will continue to rise as demand climbs, and investors will also benefit from the increase. The key to all this is the emergence of a good commercial grade DAPP, so to support the future development of the entire ecosystem, Block.one has teamed up with several institutions to set up pools of funds.
Block.one releases EOSIO Dawn 3.0, a blockchain platform based on scalability, on Github on April 6, 2018. Although the project has not yet been finalized, the development team has continued to share its progress including update logs for each phase with the public through Github and the official website community. So far, according to the early public Roadmap, the EOS has progressed less than expected: In the beginning, the project team used “supporting millions of transactions per second” as its biggest selling point, but the latest release of EOS Dawn 3.0 can only support 6,000–8,000 transactions per second, which is still quite far from the original goal. Therefore, further improvement in transaction speed is now a necessary condition for EOS to become a million-level blockchain operating system. At the EOS South Korea meeting in January this year, according to the operations team, the main blockchain will come online in June 2018. At present, the EOS team has gradually perfected and solved the problems of transaction delay, authorization delay, account recovery, password recovery, algorithm update, staking separation, bandwidth optimization, voting, memory management, transaction lock, multi-signature contract, measurement, transaction compression, etc.
Fig. 11 EOS Roadmap
Source: Official Data
It is worth noting that the EOS is still in the ICO phase (June 2017-June 2018). Although the project team is constantly updating its progress on Github, is widely monitored and has maintained good interaction with the public, there are still many issues including TPS processing speed, development environment, friendliness and safety that need to be examined after the project is implemented.
TokenInsight affirms EOS at ‘BBB’ with an upgrade outlook.
Appendix I: Symbols and Definitions of Risk Ratings
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