Is EOS Network Broken? BAR Provides the Best Using Experience for Users!
Efficiency and using experience are two main factors which hinder the implementation of blockchain application. Recently, EOS, known as blockchain 3.0, has become a big issue. EOS calls itself TPS transfer with at million level, and the whole network is free of gas. However, it was robbed by econnoisseurs in a airdrop activity on November 1, which directly led to serious congestion of the main network, nearly paralyzed. That’s really disappointing. According to EOS blockchain browser, TPS is around 4000 after the main network goes online for more than one year. In fact, not only EOS, but also Ethereum, known as blockchain 2.0, has been seriously congested. For example, in 2017, CryptoKitty blockchain game and ERC-20 USDT on-line transfer in September 2019. On November 13, Block.one, the parent company of EOS, announced in the community that it would participate in node voting to deal with the problem of network operation. However, at this stage, EOS held by Block.one is equivalent to 300 million dollars, accounting for about 10% of the total circulation. Such a huge proportion will lead to a more centralized community governance. In terms of using experience, EOS based on graphene architecture is actually very good. Bitcoin blocks in ten minutes, and Ethereum takes about one minute. In terms of confirmation time, Bitcoin takes about one hour, and Ethereum needs ten minutes, but graphene architecture only takes seconds. In particular, there is no trading fee, which has attracted many fans. According to the requirements for network resource management of EOS, the utilization of CPU, RAM, bandwidth, etc. is based on EOS mortgage. The short-term congestion caused by EOS airdrop is precisely because the CPU resources is pretty popular. The threshold of EOS resource model is too high but the efficiency is too low. In the stage of network congestion, its “threshold using restriction” may lead to a higher using cost, which goes against the original intention of “low cost or even permanent free” of EOS. BAR is also based on graphene architecture, but in order to improve using experience and make it to a real daily level. BAR blockchain also draws on the technical characteristics of LMAXExBARge, which can handle 6 million transactions per second. The advantage of LMAXExBARge is that it uses an object-oriented data mode. All content is saved in memory, and validation is divided into dependent state and independent state to be checked. By keeping the logic of core business in a single thread and the encryption operations (hash and signature) outside the logic of core business, the BAR blockchain can theoretically handle more than 1 million transactions per second without spending a lot of energy on optimization. In terms of the utilization of network resource, BAR rejects excessive hype of resources and has launched tap node mode to rewarded node miners to the greatest extent,. Through the complete open source code of BAR blockchain, the third-party autonomous organization will connect the interface with the application layer path (such as App, web page, Applet) developed by itself and open it to the public. The third-party autonomous organization can open the node with faucet function and ensure the decentralization of the network. The faucet account obtains about 80% of all the trading fees generated by all the ordinary members registered through the faucet account as rewards. The faucet node will bear the operation of the main network and eliminate congestion. The ecosystem of BAR includes not only exchanges, but also Chain-Bar, a decentralized information transfer tool and also a platform for self-media release, and GOCAN, decentralized global network which is open and affiliated. It has over one million user flow and a solid technical foundation. The most powerful public chain is nobody but BAR. BAR has recently increased by more than 110%, ranking first in the public chain area of Feixiaohao for many times. There is no doubt that BAR, with a large number of potential activities, is gradually returning rich investment feedback for users.
I've been watching Bitcoin price increase in the past 2/3 weeks, it started in U$S200 and now is U$S475, I'm in Argentina and the dollar here is like gold, just one dollar is six times our currency (U$S1=$6). I'm seriously considering buying one bitcoin just to test, but it's a lot of money, is it now the time to buy it or should I wait? Also, I'm not well informed about everything going on with this currency (buy, sell, using it IRL, etc), but I firmly think it's the future. I also read about mining, but I don't have the hardware to do it. I did use the test miner applet and with my 5770 I think I could generate just 0.001 BTC in one day or something like that haha, crazy... Any advice?
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