BOS is the Fastest and Most Efficient EOS.IO based Blockchain
It is a fact that the more decentralized a system is, the more inefficient it becomes. The redundancy in the way they store data, their slowness in coming to consensus and other factors makes blockchains inefficient for businesses.
Why then should anyone build a blockchain application? Cryptocurrency aficionados would likely tell you that blockchains are immutable, decentralized and secured by cryptography and therefore blockchains have superior security and integrity in data management compared to centralized applications. Are blockchains really immutable? How immutable are they?
Blockchain technology is the future. Blockchains would provide a more secure infrastructure for applications in the fourth industrial revolution. Nevertheless, it is wise to consider that, most people(end users) do not and would not care about decentralization and they really don’t know much about security.
In order for blockchain applications to achieve widespread and mass adoption, they need to make sense to the end-users. Most people don’t care about blockchain today because it doesn’t solve any of their problems. The blockchain industry needs real-world applications that can solve real-world problems and compete with already existing solutions. No one is going to subscribe to a more arduous system because it is more decentralized and backed by maths. People just want a product/service/application that they can actually use, a product that is profitable, cheaper, faster and more efficient.
EOS.IO has created the best protocol for blockchain applications and this would bring about a new dawn of applications that are suitable for mass adoption. BOS is an EOS.IO sidechain that has all the goodies of EOS.IO and some more advanced features such as 3 Seconds LIB and Inter-blockchain communication, e.t.c. BOS steps it up a notch and creates a new standard for the blockchain world.
BOS 3 Seconds LIB makes BOS the fastest sidechain in the EOS.IO ecosystem and blockchain industry. BOS 3 Seconds LIB means that BOS is able to achieve finality or immutability in 3 seconds. This is a big deal! The blockchain industry is notorious for priding in immutability as a core feature but before now no one has paid attention to the elephant in the room which is the fact that immutability does not occur instantly.
The CTO of EOS Nation Denis Carriere stated in an EOS radio interview that one can push a transaction into the EOS network but it has not been resolved. Exchanges have to wait for 3 minutes(180 Seconds) to confirm that a transaction is completely irreversible (although the transaction has gone through). If you are dealing with large deposits or withdrawals, you want to make sure that those transactions are actually irreversible.
In Bitcoin blockchain, it takes about an hour to achieve immutability, in EOS, it takes three minutes or 180 seconds. This time is enough for some gamification or attack to occur in the system. BOS shrinks this time to 3 seconds making immutability to occur almost instantly. For the first time in history, a blockchain is now truly immutable.
The application of BOS 3 Seconds LIB in blockchain-based businesses is very obvious and its importance cannot be overstated. There is a saying that in business, speed is everything. With BOS improved speed and true immutability, businesses can now run smoothly on a blockchain.
You don’t have to wait anymore!
Exchanges and other blockchains based businesses would no longer wait for immutability to occur or worry about the possibility of a reversal in transactions.
Improved speed also means improved efficiency of blockchains and businesses can now focus more resources on other areas. Systems that rely on automation can run more smoothly as there is no fear of reversal. BOS 3 seconds LIB improves everything!
Please click on the following links to learn more about BOS.
Website: https://www.boscore.io
Github: https://github.com/boscore
Medium: https://medium/@boscore
