“A year ago, EOSIO was born, and today I can proudly tell you that EOSIO has become the fastest, most scalable and most active protocol software . The daily blockchain daily transactions, EOS accounted for 60.6% Daily active users, EOS accounted for 48%. Thanks to the community, thank you for adopting and using it, thanks to the growing development team, developers, BP, EOS evangelists. The EOS platform is becoming the most impressive blockchain. The birthplace of profound applications."
At the EOS first anniversary new product launch conference on June 1st (Beijing time, June 2nd) , founder BM proudly said.
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From the main online line in June last year, the overall trend of the cryptocurrency industry in this year is a year of bear walking: a large number of air projects return to zero, running, the mine closed, closed down, and at the end of 2018 It was the emergence of a full-line plunge in digital currencies. Bitcoin once fell to around $3,150, while EOS fell to around $1.50, with major currencies falling more than 80%.
In such a big environment, how is the EOS ecological development? Today, we review the achievements of EOS in the past year from the main network data, nodes, DApp , resource issues and security.
01 EOS main network data
According to eospark statistics, as of June 4, the number of EOS main network accounts has exceeded 1.24 million. The number of EOS main network accounts has exceeded 10,000 days, so you may feel that this score is not a big deal compared with other public chains. It may be noted that creating an EOS account is not free , but requires a non-low cost, and the threshold for creating an EOS account is much higher than creating an Ethereum account.
At such a high threshold and at a low cost, EOS has achieved such a result in one year, objectively speaking, it is not bad.
During this period, the wallet side, trading platform, etc. in the EOS ecosystem are working hard to lower the threshold for creating EOS accounts, launching activities such as “one-click registration” and “free registration”.
Block.one The social media application Voice launched at the EOS first anniversary new product launch, related account creation fees and resource fees will be borne by Block.one. In the future, it is likely that more and more project parties will directly bear the cost of creating EOS accounts. After all, this kind of promotion and profit-sharing method is much more cost-effective than the traditional Internet industry.
The goal of EOS is for large-scale application of blockchain technology, and the development of EOS DApp determines the future of EOS to some extent. According to the Spider Store, after a year of development, the total number of EOS DApps has reached 458, covering games, trading markets, quiz, social and other categories.
In the public chain, the best and most popular DApps are ETH, EOS and TRON. Comparing the three DApp transaction data, it can be seen from the above figure that EOS DApp has a turnover of 1 billion a week, more than twice the turnover of ETH DApp and 4 times that of TRON DApp.
In addition, the number of Tokens issued based on EOS has reached 3,935 so far. There are some star projects, such as IQ released by EOS VC investment project, IQ released by Whale Exchange, TPT issued by Token Pocket wallet, MEETONE issued by MEET ONE wallet, CET issued by Changsi platform, and so on.
On May 31, Pafine Ardoin, chief technology officer of Bitfinex, said that it would consider issuing a stable currency USDT based on the EOS network.
02 EOS node
EOS uses the DPoS consensus mechanism, which is the EOS node to complete the block work. The node is elected by all EOS holders. The node with the top 21 votes is the super node, which is responsible for the packaging of the EOS network. Since voting is conducted anytime and anywhere, the ranking of nodes will also change dynamically.
EOS is issued 5% per year, of which 1% is used for node rewards. The top 21 nodes not only have voting rewards, but also block rewards. The higher the node ranking, the more benefits you get.
Because of this, in front of the EOS main online line, the node began a vigorous "drawing ticket" activity, the scene is not as hot as the US president's primary election.
The bear market in 2018 caused many mine pools to close down. Similarly, many EOS nodes have a hard time. The number of EOS awards won by some candidate nodes is not much, and the price has fallen sharply, and they are unable to make ends meet. . BM has encouraged nodes in the telegraph group to find ways to increase other revenues. Some nodes also have other EOS sidechain nodes, and some nodes have to run through other projects to tide over the difficulties. After the Spring Festival, as the cryptocurrency market recovered, the days of the nodes began to get better.
The cost of maintaining an EOS node is not low. The first 21 EOS Genesis SuperNodes have become a candidate node.
According to eospark statistics, EOS nodes have reached 557. In addition to the top 21 super nodes, there are more than 500 candidate nodes on standby to ensure the stability of EOS.
Today, there are more and more types of EOS nodes, such as trading platform nodes (created by trading platforms, such as eoshobipool created by the fire coin pool), wallet-type nodes (such as eosimeetet created by MEET ONE wallet), known for their technology. Nodes (such as EOS Authority, eosswedenorg, etc.), security company nodes (slowmistiobp for slow fog technology), and fund-type nodes (for example, the previous AuroraEOS is a node of this type, which was established by Multicoin Capital). .
The more diverse the nodes, the more robust and secure the EOS network. EOS node types are getting wider and wider, but they are still lacking in a wide range of geographies. Currently, the top 21 super nodes are often ranked, and Chinese nodes account for almost half.
03 EOS DApp
As a public-chain EOS that has been dedicated to the large-scale application of blockchain technology from the outset, the prosperity of the EOS DApp ecosystem has profoundly affected the development of EOS.
During the EOS DApp climax last year, the DApp turnover of the quiz category once accounted for more than 90%. According to Dappradar, only Dice, a DApp, achieved nearly 20 million EOS in one day's turnover. At the current price, the turnover per day reached 240 million yuan.
It was because of the popularity of the "spinach" game at the time that EOS's CPU resources were often exploding. Even when a normal EOS account was transferred, many EOSs needed to be mortgaged for transfer operations. Moreover, EOS security incidents often appear in the quiz DApp. Due to the popularity of the transaction, many quiz project teams copied the code and rushed online, resulting in frequent security incidents. Although the responsibility lies with the project side, most people still push the responsibility. EOS public chain itself.
With the deepening of the bear market, EOS DApp has also entered a bear market period and has continued to decline since December last year. At present, the average turnover of the quiz-like DApp is around 10 million EOS in a week, and the turnover ratio has dropped from 90% in the peak period to about 60% today.
In the EOS DApp ecosystem, there have been some notable changes this year. Not only has the volume of “spinach” DApps dropped significantly, but the categories covered by DApps have also become wider and wider, and resource-sharing DApps have begun to increase, such as Lore Free. Hashbaby, etc., the audience of these projects is also more extensive.
DeFi (which can be easily understood as decentralized finance) is a recently popular DApp category that includes borrowing, payments, financial derivatives, and more.
The DeFi class has a higher market capitalization, and the star project MakerDAO on Ethereum currently has nearly 2 million ETHs, but the largest application in the DeFi project is EOS REX. At present, EOS REX has locked more than 94 million EOS. According to the current price, the EOS market value of locked warehouses has reached more than 4 billion yuan.
Some mainstream game makers are also starting their own business on the EOS platform, and BP is actively exploring and broadening the application boundaries of EOS. For example, Liberland intends to use EOS technology to create a decentralized autonomous government (DAG) that applies EOS blockchain technology to a country's public affairs.
As the developer and maintainer of EOSIO software, Block.one is also deploying the EOS DApp ecosystem. The social media product Voice released by Block.one has caused a lot of heated discussion in the community, just like the CEO of Block.one BB said: Voice will demonstrate the possibility of EOS, hope that Voice can become the EOS public chain A phenomenal product.
With the popularity of EOS technology and the continuous improvement of EOS infrastructure, there may be more and more DApp projects that we can't imagine appearing on the EOS public chain.
04 EOS resource problem solving
Any operation on the EOS blockchain requires consumption of EOS resources. Common EOS resources are CPU/NET and RAM.
1, CPU / NET
CPU/NET resources need to be obtained by mortgage to the system EOS and can be recovered after use. When the quiz-like EOS DApp became popular last year, CPU resources were very scarce and even affected the transfer between ordinary EOS accounts, thus affecting the entire EOS network.
Later, with the continuous upgrade and iteration of EOSIO, the optimization of project-side code, and the emergence of some third-party CPU resource leasing projects, the problem of CPU resource shortage was gradually eased.
On May 1st of this year, EOS REX went online, and the CPU/NET resource provider and CPU/NET resource demander were connected through REX. EOS holders can rent unused EOS resources (CPU/ NET) benefits, and resource demanders can rent large amounts of EOS resources at a lower price in the REX market, reducing DApp project development costs.
With the launch of REX, the problem of shortage of EOS CPU resources has been completely solved.
RAM is the data storage resource of EOS, which needs to be purchased from the system, especially the EOS DApp project side, and the demand for RAM is greater. At the beginning of the EOS main online line, RAM was smashed, some people earned dozens of times through RAM, and some people suffered huge losses in RAM.
RAM prices fluctuate greatly, which is very detrimental to the development of the EOS ecosystem. Later, after BP's deliberation, the expansion of RAM began. With a gentle expansion method, each time a new block is created in the EOS main network, the RAM is increased by 1 KB. At present, RAM has been increased to 117.40G, but only 8.5 G has been used, and a large amount of RAM is not in use. In terms of the current EOS DApp ecosystem, RAM is no longer a scarce resource.
With the launch of REX, the expansion of RAM, and the existence of third-party alternative solutions, the issue of EOS resources has largely been resolved.
In the world of blockchains, no matter whether it is an individual or a project, security issues cannot be overemphasized.
According to the statistics of slow fog, the total amount of hacking losses on the blockchain was about $4.2 billion, and the number of incidents reached 180. The number of incidents on the EOS DApp was as high as 101, and the total loss was about $10.64 million.
The EOS DApp was hacked, which basically occurred during the peak of the DApp volume last year. The popular DApp trading is also popular, which has prompted more project parties to develop. Many projects have a short development time, most of which are modified based on the code of other quiz projects. This also leads to a project, and other projects continue. In the move. At that time, there was an ECAF organization that could freeze the hacker's EOS account, but it didn't usually have much effect.
With the development of EOS, the DApp project development team is gradually growing, and the EOS DApp has been reduced in hacking this year.
After a year of rapid development, EOS has seen significant growth from the daily trading volume in the chain and the number of active DApps.
Although the EOS ecosystem has begun to take shape, EOS still has a long way to go and there are many problems to be solved. As for the future of EOS, whether it can become a public chain that can be commercialized on a large scale, everything has to be tested by time.
Message Mining No. 249: Are you satisfied with the results achieved by EOS this year? why? Feel free to share your opinion in the message area.
『Declaration : This article is the author's independent point of view, does not represent the vernacular blockchain position, and does not constitute any investment advice or advice. 』