Will Steemit eventually run on EOS?
After reading the whitepaper, it seems that EOS is basically built from the core elements of Steemit and Bitshares. The way I envision it is that EOS is that it is sort of like the backend layer that can have applications and other frontend GUIs built on top of it, the only purpose for it is account management. This is an awesome concept that I'm excited for, just experiencing it here on Steemit, there is definitely a bigger emphasize on user interaction to a level that is more understandable for the mainstream user which is highly lacking in the entire cryptocurrency market. Obviously for cryptocurrency to succeed, mass adoption is needed and to get there these applications need to be easy enough to use to the point where the every day user doesn't even know that they are using a decentralized application. This is what Steemit does very well in account management.
If we take a closer look into why it works so well with Steemit, we can see that this protocol is so important for dapps moving forward, from a user perspective.
To get STEEM:
- You sign up.
- You post content.
- You get STEEM.
Why other tokens are a pain in the ass for regular users:
- You download their client.
- Their entire blockchain needs to sync up.
- You go on an exchange, if you are new you need to create an account and get verified.
- You buy the token.
- Transfer the token to your wallet, always test with a small amount then send the rest and pray you didn't screw it up.
It looks like the STEEM philosophy is being applied to EOS. Where account management is basically managed at the lowest level, aka we don't need to sync an entire blockchain on our computer to use it, and we can build other dapps on top of that. So the way I'm understanding this is that EOS is sort of like the base layer for account management. We can see this is applied to Steemit now by looking down the latter.
Steemit.com >> Steem Blockchain
Where Steemit.com is the user interface which views the blockchain, but we don't have to download the entire blockchain to interact with it.
So, if the purpose of EOS is to provide developers with a base layer for account management in their dapps, will Steem be using EOS as a base layer for account management in the future? Something like:
Steemit.com >> Steem Blockchain >> EOS Blockchain
I am curious to see how that would work.
What do you guys think? Leave a comment below if you have any thoughts and thanks for reading.
I don't think it worth the investment for steem inc.
Can you elaborate on that? Why not?
You bring up some great points, and i could def see it happening that way. Thanx for the insight!
I am very new at trading cryptos. So far I have only ever traded on ETORO! I have figured out how to buy BTC and I think I know how to get it onto a paper wallet. I think I can even figure out how to sell BTC for other Cryptos. The problem; I am terrified to do the initial transfer to wallet because I don't want to lose any more money....A conundrum to be sure! Here is to finding the courage to jump off the bridge!
Yep, that is definitely the toughest jump to make and one that I believe EOS would help solve in the future for crypto.
For now, I just recommend testing the transfer first with a very small amount. If that goes through, it'll give you a bit more confidence in your transfer. Good luck!
Is it possible that EOS may also solve some of the issues that Steemit could face down the road? So this way this train could run on different tracks one day? All seems like a good evolution and makes a safer investment.
I hope so
it should be built on EOS - or at least run partly on EOS. that's millions of transactions per second carrying thousands of information, steemit will find it hard to scale and accommodate.