Altcoins News

Story: EOS Community Invited to Adopt the New Cryptocurrency PowerUp Model

By James Thorp

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EOS For Clarity

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Block.one have introduced a proposal for a new resource model on EOS.  They are calling it EOS PowerUp Model, updated with feedback and now ready for the community to…

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Reportedly, more than 250+ individuals and 40+ Block Producer candidates have contributed to making the PowerUp Model stronger and more aligned with users.

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This model focuses on improving the resource management on the EOSIO public chains, particularly the EOS Public Blockchain.

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With the proposed model, a user will be able to pay a fee and power up their account for 24 hours to transact on the network.

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The testing program is now complete and the EOS community are invited to drive the deployment and adoption of the EOS PowerUp Model for the EOS Public Blockchain.

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EOSIO blockchain came in to existence a lot to function like Ethereum.  They were trying to address the regular issues faced in the blockchain networks like speed,…

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When EOSIO launched their ICO in 2017, they ran their offering a bit different than most of the other blockchains.  Their ICO ran for nearly a full year.

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EOS depends upon delegated proof of stakes (DPOS) consensus.  Users choose 21 block producers, who participate in governance decisions to process transactions.

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To use the network, the developers should hold the EOS coins and they can further build and run the Dapps.

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