EOS Company Block.One Says Its EOSIO Blockchain Now Houses Over 280 Projects Worldwide
EOS, one of the largest blockchain platforms, announced that its blockchain is now housing over 260 projects that launched only 6 months ago.
In a tweet made on Monday, EOS released this information, providing a Medium link to more reasons why companies should consider.
— block.one (@block_one_) January 21, 2019
As per the Medium blog post, the company states that entrepreneurs and developers are going for EOS instead of other similar blockchains simply because of its efficient consensus model, low-fees, speed, and scalability. According to Block.one, they got the data from developers’ direct feedback.
The post explained:
“To date, EOSIO is the most used blockchain software in the world. All the applications that are being built on it offer services with real-world utility…And from ride-hailing to music sharing, fitness tracking to digital payment, EOSIO apps have emerged as the safer, faster and cheaper alternative.”
On the issue of scalability, Block.one stated that most existing blockchain systems usually process transactions at 15 to 20 transactions per second, meaning that it has limited usage in the real world. It claimed that its platform, EOSIO, is capable of handling 4,000 transactions per second, making it 200X faster than the closest competitor.
“EOSIO, on the other hand, has been benchmarked to process over 4,000 transactions per second on its public blockchain, which means that it is 200 times faster than its closest competitor — and that’s just the public network. With private implementations of the EOSIO blockchain, it can achieve even higher speeds with recent software updates.”
Block.one also praised its EOSIO platform, claiming that it has lower latency compared to other blockchain platforms. It stated that, with high speeds, they can drive mass adoption of the new technology.
On this issue, the company stated that:
“You won’t have to wait hours or even minutes to know if your email was sent, your payment was processed, or your food order actually went through. By using EOSIO apps, consumers and enterprises do not even need to know that they’re using a ‘blockchain app’; all they know is that whatever data they have inputted for any transaction is more secure but no slower than your normal, non-blockchain app.”