The technology that will power the EOS blockchain dovetails in nicely with the goals of this new zero marginal cost society. It is obvious that such a society will need blockchain technology to thrive, but, to date, no blockchain system on the market is a “bingo”. According to the EOS white paper; however, the EOS blockchain will be able to support this movement with ease due to the following features:
Scalability: The EOS blockchain will be able to support thousands of Dapps by separating authentication from action. This means that authentication happens when a block is produced, and once the block is a part of the blockchain, those requests never have to be authenticated again.
DPOS: Delegated Proof of Stake, or DPOS will allow elected BPs (block producers) to zero in on problem Dapps, freeze the Dapps, and allow time for any bugs within the Dapp to be fixed, all without disrupting any other Dapps on the chain.
Local Node Configuration: Allows you to configure a local node to process the data you need, and ignore all of the data you don’t.
User Friendly: EOS aims to be “out of the box” so to speak, and provide Dapp developers with all the basic tools they will need to create their passion projects, allowing them more time to focus on creating value for their customers. The open-source software does this by providing a tool-kit that includes, but is not limited to account creation, account recovery, bug recovery, authentication, and key management. Basically, it will be the first decentralized operating system. With EOS’s speed and general functionality, commercial business should be able to move their millions of users over to the EOS blockchain.
Governance: Since EOS coin holders vote for block producers, all users of EOS (coin holders, Dapp developers, and block producers) will have to sign a terms-of-service agreement created by the EOS community. The community has taken to calling this a constitution, signaling their intent and belief in the wide-ranging use cases that EOS can be applied to. This means that EOS will be complex, but for the overall good of society. There will be smart-contracts, binding agreements, arbitration, and accountability. Though DPOS may seem unnecessarily convoluted, the added complexity will allow for a wide-range of voices to be heard when deciding the fate of the blockchain.
I am convinced that if we were to alert Rifkin to all of the possibilities with EOS, he would request to join their board of directors, today. The potential synergy between block.one and the theorist would be through the roof, and makes one wonder if the timing of the film, the political atmosphere, and the EOS blockchain are “Kismet”.