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RE: EOS - List of Block Producer Candidates introduced on steemit | Update 0005 | 2018-04-10 |

in #eos6 years ago

I googled for EOS Go and I found a few repo's with the same name.
Is this your repo: https://github.com/siginfo/eos-go

Also what is a block producer? I'm looking over all the links that you posted and reading a bit. But just for the sake of newbies could you give me a quick rundown on what an EOS blockproducer is and why someone would want to become one?

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In the "Proof of Work" blockchains, the token had to be "mined" by "miners". In a "Delegated Proof of Stake" system, every token is linked to a voting right. There are no more miners, but block producers. They are elected by the community. A block contains a lots of different transactions from the network. In EOS, we will have one block every 0.5 second. There will be 21 block producers for the EOS network. This is a huge responsibility to assume. Candidates are applying from all over the world!

For a general explanation of what is blockchain (a chain of blocks):


You should watch these 2 videos from Thomas Cox:

Block Producer Discussion With Thomas Cox


This little video is very usefull to understand what is EOS and why this unusually long ICO:

https://eos.io/resources

Have a nice day,
Thierry

Thanks will do. I'll let you know if I have any questions after watching those.

Can i buy Eos now or it's high price ?

I'm part of those who believes that the adoption of EOS worldwide is going to be massive!
Till EOS price will be under 20$, consider it is cheap.
You should not invest into EOS tokens before understanding what EOS and what the "Delegated Proof of Stake" systems are.
To become an EOS holder involves a sense of responsibility and a desire to participate to the EOS democracy.
Have a nice weekend,
Thierry

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