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TOSP's Decentralized autonomous corporation EDUcational data platform for EOSIO
- DACSEOS .COM -
WHAT IS A Decentralized autonomous corporation...?
A Decentralized Autonomous Corporation 'DAC' (also known as a Decentralized Autonomous Organization 'DAO') is a corporation governed by way of set rules encoded as computer programs known as smart contracts. A DAC has the defining characteristic of financial transaction records and protocol rules being maintained on a blockchain. Given the nascent entry of DACs and DAOs into the world of business and especially finance and financial markets, a defined legal status, as well as regulatory guidelines, remain largely undetermined.
One of the most well known DACs in the space to date is Steemit - https://steemit.com. Steemit is a new social networking, peer to peer communication and blogging website platform that uses the Steem blockchain. As a social media platform built on a blockchain, Steemit utilizes Steem Tokens & Steem Dollars to incentivize user interaction & for payment mechanism of advertisers to purchase promotional space on the platform. The website operates very much like many of the well known social media platforms we know today, a primary difference being governance and open source software. For instance, when Steemit users get 'likes' on a post, they actually receive Steem Tokens which have globally recognized value. It is not uncommon for popular posts to receive hundreds of dollars in Steem from 'likes'.
In addition to utilization on Steemit.com, Steem and Steem Dollars are tradable tokens on various centralized exchanges such as Binance and KuCoin, as well as decentralized exchanges such as the common co-creator's platform of Bitshares. Steemit grew to over 150,000 users a day within six-months of creation, and today remains one of the most widely used blockchains in the world as of June 2018 data.
WHAT IS EOS.IO...?
To wrap our minds around EOS.IO, let's consider the EOS blockchain platform as an operating system of a global consortium of super computers - EOS is the managing-controlling entity of the EOS blockchain network. EOS.IO utilizes blockchain architecture built to enable vertical & horizontal scaling of decentralized corporations, organizations & applications. The EOS token is the 'cryptographic metric of measure' used to power the EOS Blockchain. Consider an Excel spreadsheet comprised of one billion cells; each cell in this conceptualized digitized spreadsheet being a token of EOS and the Excel spreadsheet in aggregate being the EOS Blockchain Platform!
Notices of Disclaimer & Disclosure:
TOSP and/ or TOSP Team Members & TOSP Contributors reserve rights as stakeholders in the delegated proof of stake blockchain network known as EOS.IO, being published June 1, 2018 by block.one (https://eos.io). EOS has been slatted to become one of the most powerful infrastructures for decentralized corporations, organizations and applications. CTO of block.one and creative mind behind EOS, Dan Larimer, is the original visionary of both Steemit and Bitshares. Outside limited stakeholder ownership in EOS; TOSP, TOSP Team Members & TOSP Contributors have no direct affiliation with block.one or EOS. TOSP and TOSP affiliates are prohibited from delivering investment advice.
Stakeholders are able to cast votes to elect block producers; votes are weighted by the voter’s stake in the blockchain, and the block producer candidates that receive the most votes are those who produce blocks. Delegated 'proxy' votes are allowed under certain governance as well.
The delegated proof of stake consensus algorithm was created by Dan Larimer in 2013, following the apparent problems faced by Bitcoin, Ethereum and other decentralized ledgers in scaling. Serious road blocks were foreseen in attempts to increase speed and throughput on the original platforms which utilized traditional 'proof of work' POW mechanisms. POW is a high energy consuming method of blockchain.
TOSP Reserves Our Rights to Allow Responsible User Sharing of Information - It's Encouraged!
Est. 6. 2017 (All Rights Reserved 2017-2018)