The competitive advantages of EOS in blockchain projects mainly include the following points:
In terms of technical performance
- Efficient transaction processing: Utilizing the DPoS consensus mechanism, the network can maintain operation relying only on 21 super nodes and 100 backup nodes, achieving a transaction processing speed of thousands of transactions per second. After the introduction of the Savanna consensus algorithm in 2024, the final confirmation time for transactions is reduced to just 1 second, which is over 100 times faster than before.
- Low transaction fees: Transactions are conducted by consuming bandwidth and computing resources, so users do not need to pay fees during normal transactions, saving significant costs for both users and developers.
- Good scalability: Its architectural design supports large-scale DApp operations and can expand network capacity according to demand through sharding technology, solving the problem of reduced network speed and efficiency as the number of users and transaction volumes increases on traditional blockchain platforms.
In terms of the development environment
- Support for multiple programming languages: Smart contracts support various programming languages, allowing developers to flexibly develop DApps and lowering the development threshold.
- Abundant development resources: It provides a wealth of development tools and documentation resources, helping developers get started quickly and attracting numerous technical talents to participate in ecosystem construction.
In terms of community governance
The network governance is determined through voting by token holders, such as deciding the direction of network development and resource allocation. This decentralized governance model enhances user participation and rights protection, forming an active and creative developer community that provides support, resources, and collaboration for project development.
In terms of ecosystem construction
It has wide applications in multiple fields, providing innovative features like flash loans and liquidity mining for users in the DeFi sector; in the NFT sector, it helps digital artists turn their ideas into NFT works, covering various forms such as digital paintings, music albums, etc., continuously expanding the boundaries of art. $EOS