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The EOS.IO software introduces a fresh blockchain architecture designed to enable derecho and horizontal scaling of decentralized applications. This is achieved by creating an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across hundreds of CPU cores or clusters. The resulting technology is a blockchain architecture that scales to millions of transactions vanaf 2nd, eliminates user fees, and permits for quick and effortless deployment of decentralized applications.
EOS.IO software utilizes the only decentralized overeenstemming algorithm capable of meeting the show requirements of applications on the blockchain. Under this algorithm, those who hold tokens on a blockchain adopting the EOS.IO software may select block producers through a continuous approval voting system and anyone may choose to participate ter block production and will be given an chance to produce blocks proportional to the total votes they have received relative to all other producers. For private blockchains the management could use the tokens to add and eliminate IT staff.
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The EOS.IO software permits all accounts to be referenced by a unique human readable name of Two to 32 characters ter length. The name is chosen by the creator of the account. All accounts vereiste be funded with the minimal account movimiento at the time they are created to voorkant the cost of storing account gegevens. Account names also support namespaces such that the proprietor of account @domain is the only one who can create the account @user.domain.
Blockchain overeenstemming depends upon deterministic (reproducible) behavior. This means all parallel execution voorwaarde be free from the use of mutexes or other locking primitives. Without locks there voorwaarde be some way to ensure that all accounts can only read and write their own private database. It also means that each account processes messages sequentially and that parallelism will be at the account level.
All blockchains are resource constrained and require a system to prevent manhandle. With a blockchain that uses EOS.IO software, there are three broad classes of resources that are consumed by applications:
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- Bandwidth and Loom Storage (Disk)
- Computation and Computational Backlog (CPU)
- State Storage (RAM)
Bandwidth and computation have two components, instantaneous usage and long-term usage. A blockchain maintains a loom of all messages and this loom is ultimately stored and downloaded by all utter knots. With the loom of messages it is possible to reconstruct the state of all applications.