Introduction to EOS: Transforming the Blockchain Landscape
Related Terms: Ethereum, Decentralized Applications, Blockchain, Cryptocurrency, Block.one
References
- Bit Degree. “EOS vs Ethereum: What’s the Better Alternative?”
- Coindesk. “Inside China’s Plan to Power Global Blockchain Adoption”.
- Coindesk “Every One’s Worst Fears About EOS Are Proving True”.
- CoinMarketCap, “EOS”.
- Coin Market Cap. “EOS”.
- Coindesk. “EOS”.
- CoinPedia. “EOS Price Prediction 2021. How High Will EOS Price Reach?”
- Wallet Investor. “EOS Price Prediction and Forecast Data for 2025”.
- Digitalcoin. “EOS (EOS) Price Prediction 2025 - Forecast in year 2025”.
- Longforecast. “EOS Price Prediction 2021, 2022-2025”.
Get ready to put your knowledge to the test with this intriguing quiz!
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## What does EOS stand for in the context of trading platforms and crypto?
- [ ] Ethereum Operating System
- [ ] Economic Operating System
- [x] EOS.IO, a blockchain protocol
- [ ] Exchange Operating System
## Which company is primarily associated with the development of EOS?
- [ ] Bitcoin Foundation
- [ ] Ethereum Foundation
- [x] Block.one
- [ ] Ripple Labs
## What is a key characteristic of the EOS blockchain platform?
- [ ] Proof-of-Work consensus
- [x] Delegated Proof-of-Stake consensus
- [ ] Sharding
- [ ] Proof-of-Stake consensus
## What is the primary use case of the EOS platform?
- [ ] Cryptocurrency mining
- [ ] Digital payments
- [ ] Smart contracts for supply chain
- [x] Decentralized applications (DApps)
## Which programming language is commonly used for developing DApps on the EOS platform?
- [ ] JavaScript
- [ ] Python
- [ ] Ruby
- [x] C++
## How does the governance model of EOS differ from other platforms?
- [ ] No governance model
- [x] Based on a voting system where token holders vote for block producers
- [ ] Centralized governance
- [ ] Random node selection
## What is the name given to the process of verifying EOS transactions and adding them to the blockchain?
- [ ] Mining
- [x] Producing
- [ ] Staking
- [ ] Searching
## In the EOS ecosystem, what role do "Block Producers" play?
- [ ] Node validators
- [x] Makers of blocks and transaction verifiers
- [ ] Token issuers
- [ ] Developers
## Which feature does EOS emphasize to enhance transaction scalability?
- [ ] Proof-of-Work
- [x] Parallel execution
- [ ] Time-locks
- [ ] Microstaking
## What is a major advantage claimed by the EOS platform?
- [ ] High transaction fees
- [x] Zero transaction fees and scalability
- [ ] Limited smart contract functionality
- [ ] Centralized control
