My Migration to EOS
In 2017 around November I found out about blockchain. The first blockchain project that I looked at was Ethereum. I was completely blown away by the use cases for the platform and what it could offer the world. The idea of getting rid of middlemen for every single platform in the world blew me away.
I didn't just stop at Ethereum and I kept digging for more information on the world of blockchain technology. It seemed as every single project and coin that I looked at completely blew me away.
Decentralize the world I would say.
I still believe this.
I've looked at IBM's stellar, Charles Hoskinson's peer-reviewed Cardano, and even NEM. However all of these projects had one issue in common.
I started looking to projects that were trying to solve the scaling issues. I stumbled across the wonderful project known as Bitshares. Then I found the project called Steemit. These two projects had one thing in common and that was the man who goes by the name Dan Larimer. Apparently Dan was able to scale his projects efficiently and blow the transactions per second statistics out of the water wherever he went. No other project could compare to what Dan was achieving.
Naturally I kept looking into his projects and came across EOS.
EOS promised one thing and that was scaling.
Why is it that scaling is so important for this ecosystem? Well considering that on Ethereum is takes a good 1 to 20 minutes for your transaction to be confirmed that was a bit absurd. The old blockchain tail of when you make a transaction at a coffee shop and you have to wait 20 minutes for it to confirm sounded terrible.
Then there was EOS... and it completely delivered on its ability to transact quickly by having near instant transactions. We're talking less than 5 seconds for a transaction to be confirmed.
Nobody in their right mind would wait 20 minutes for a transaction to confirm in the real world.
It's not DECENTRALIZED the bitcoin and ethereum maximalists say!
I say you should do your own research and learn about the ever-so-promising inter blockchain communication that allows several chains to spin up and communicate with each other using DIFFERENT governance models. Which means it's not just 21 block producers helping secure the network, it can be hundreds if the governance model makes it so.
I've since fell in love with the EOS blockchain and the community revolved around it. The most talented programmers are swarming all over EOS and I've made it my goal to be involved with blockchain technology for the rest of my life.
Thanks Ethereum for showing me the way but EOS has nearly free transactions, scaling, and near-instant transactions. I don't think you can compete with that any time soon.