Company Announces Development of Open Source Software For Blockchain Operating System
On May 22, 2017, blockchain developer block.one announced it was developing open source software for EOS - a new blockchain operating system designed for commercial decentralized applications. As per Brendan Blumer, block.one CEO, "Corporations that build applications on top of EOS can take advantage of the security, authenticity and transparency of the blockchain to build and support global-scale decentralized projects."
Furthermore, users of EOS’s software will not need to pay transaction costs. These free transactions give users new to the blockchain ecosystem a chance to gain familiarity with the technology without having to purchase cryptocurrencies.
"Existing applications such as exchanges and social media already service millions of customers daily and require a platform that can process hundreds of thousands of transactions per second. With EOS, we are building software to allow businesses to build their applications using an architecture similar to modern website frameworks. This would allow a whole range of businesses to use the blockchain, similar to the way that the computing era exploded after Microsoft Windows enabled developers to build interoperable software."
According to Larimer, block.one will be introducing a public testnet this summer, although he did not reveal the specific month. The company, however, will be releasing source code onto GitHub in the near future.