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EOS - Millions of Transactions Per Second? | Blockchain Central

EOS - Millions of Transactions Per Second? | Blockchain Central

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video explores EOS, a new cryptocurrency designed for industrial-scale decentralized applications. It highlights EOS's scalability, flexibility, and usability compared to Bitcoin and Ethereum. EOS uses a Delegated Proof of Stake (DPoS) algorithm, allowing millions of transactions per second with only 21 witnesses. The video also discusses EOS's ability to freeze faulty applications and its user-friendly features like human-readable addresses and free transactions. However, it notes concerns about EOS's centralization due to its limited number of block producers.

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7 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the main differences between Eels and other cryptocurrencies like Bitcoin?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges do blockchain-based applications face regarding scalability?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the delegated proof of stake algorithm work in Eels?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain how Eels allows for millions of transactions per second.

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of having a human-readable identity in Eels?

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6.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the implications of Eels transactions being free for users.

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7.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the advantages and disadvantages of Eels compared to other cryptocurrencies?

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