EOS - Millions of Transactions Per Second? | Blockchain Central

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.

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

What challenges do blockchain-based applications face regarding scalability?

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

Explain how Eels allows for millions of transactions per second.

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

Discuss the implications of Eels transactions being free for users.

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