What is EOS?
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What is EOSEOS is a Blockchain platform founded by a private entity named Block.one, as anopen-source software in June 2018. The rate of transactions Blockchains like Ethereum provides is very low, therefore to offer decentralized application’s hosting, decentralized storage of enterprise solutions and smart contract capability, solving the scalability issues is the aim of EOS. Any user which uses dApp based on EOS needs not to pay any fee, as EOS has sought to address this deterrent by introducing vertical and horizontal scaling (done by block producers). EOS provides a secure and scalable platform to run thousands of transactions per second and by using multi-threading as well as a delegated proof-of-stake algorithm EOS accomplishes consensus. EOS Forum is their own community forum where investors discuss about the platform.
Two biggest selling points of the EOS blockchain platforms given by developers and promoters
Key Features of EOS Blockchain
Large user base support
For millions of users to use it seamlessly and simultaneously, without facing any performance issues, a dApp platform must be scalable enough
Free Usage
A prime reason for any dApp on a Blockchain platform to be popular, it must be free for end users with the ability to upgrade with ease as any type of transaction fee would ultimately discourage users from coming back to the dApp.
Low Latency
To provide best possible user experience, a dApp should run with the lowest possible latency.
Parallel and Sequential performance
On any Blockchain platform, a dApp must offer the ability of parallel processing in order to distribute the workload and save time and to avoid errors such as double spends, the dApp should allow for multiple sequential performances.
Scalability
A major concern for major Blockchain platform is the scalability. Where the majorpart of problem is the fundamental nature of blockchain transactions, which requires each and every node in the blockchain network to come to a consensus for anything to pass through. Here EOS claims to ace through the problem by theability to support millions of transactions per second owing to their distributed proof of stake (DPOS) mechanism
Flexibility
Due to the DPOS mechanism, EOS claims to provide security from vulnerabilities like one of incident in 2016, siphoning off funds held by the Decentralized Autonomous Organization (DAO), a venture capital fund initiated by Ethereum. The elected block producers can freeze the dApp until the system is restored, in eventuality of dApp faults or attacks.
Permission
A comprehensive permission system is another prime feature of EOS, which is forcreating custom permission schemes for various business situations. As over EOSone can create a custom permission to protect a specific feature of an EOS smartcontract or even possible to split the authorities required to invoke an EOS smart contract function across multiple accounts with different authority weights. This enables developers to build robust dApps without the necessity to reinvent the wheel.
Easy Upgradability
Over EOS Blockchain platform all dApps deployed are upgradeable, where it enables users can be authorized to deploy code fix, add/change features, and change application logic
Less on energy consumption
EOS is a much less energy intensive platform compared to other consensus algorithms, due to DPOS being the consensus mechanism for validating transactions.
Governance
The governance structure over EOS is maintained by setting up jurisdiction and choice of law, coupled with mutually accepted rules. The legally binding constitution makes this achievable. The essentially which binds the users to the constitution is that, each transaction in EOS requires the hash of the constitution attached to the signature.
Parallel processing
The parallel processing of EOS smart contracts happens through horizontal scalability, asynchronous communication, and interoperability. 1) Horizontal scalability 2) Asynchronous communication 3)Interoperability
Decentralized Operating System
The governance structure over EOS is maintained by setting up jurisdiction and choice of law, coupled with mutually accepted rules. The legally binding constitution makes this achievable. The essentially which binds the users to the constitution is that, each transaction in EOS requires the hash of the constitution attached to the signature.
Technical features of EOS
Within the EOS infrastructure, the EOS wallet can be considered as a repository of public-private key pairs, which are required to sign actions performed on the blockchain. The contents of EOS wallets are managed by keosd, which stores private keys and using cleos wallets can be assessed. On the EOS Blockchain thepublishing of accounts and account-related actions are managed by nodeos. One thing is worth knowing that, there is no inherent relationship between accounts and wallets.
About concept of Accounts and Wallets in EOS
For every mainstream usage of internet, we are dependent upon a client-server network, which is centralized server. All data which is provided by you over internet gets stored on some server, which the client computers can access uponrequest. The servers themselves being computer and cannot ‘make sense’ of ourdata, but the human owners of these servers can and most of these servers are either owned by government agencies or by private entities. The cases like The Cambridge Analytica, are the glaring example of how data canbe misused and many times against the very owner of the data. Here Blockchain technology comes to the rescue, where the vision of this technology is to build a new internet. An internet that would be decentralized, where – The client-server model will be replaced by peer-to-peer networks. The creator of a data will only be its owner and no monopoly of data wouldatleast exist. In the name of ‘tailor-made’ services, applications won’t do theft of data.
How determination of cost takes place on EOS to Build a dApp?
The cost of developing a dApp on EOS Blockchain platform in most of cases depends on three primary factors –
Resource Type
1) RAM – State of storage 2)Network – Bandwidth along with Log Storage 3)CPU – Computation and Computational Backlog
Resource Usage
Resource Allocation
Network, CPU — Staking
Based on the number of tokens held in a 3-day staking contract, the Network Bandwidth and CPU Bandwidth are allocated. The used Network and CPU bandwidth frees up automatically with the passage of time, thereafter one can use the same staked tokens again.
RAM
The Ram which follows the Bancor Algorithm needs to be purchased at the market price. RAM gets freed up only when data is deleted from the account state and one can resell the RAM at the market price, once it gets freed up.
Use cases of EOS dApps
EOS has been received very positively by the blockchain community, right from its launch and a large number of applications has already been built on the platform. Here are few of applications, which would help you to provide a perspective on the range of uses.
Ubuntu Energy Ledger
Developed on the EOS blockchain, The Ubuntu Energy Ledger is a clean energy marketplace. By 2030, it aims to provide cost-effective renewable energy to Africa and power 4 billion households.
All_ebt Food Stamps
Card built on the EOS blockchain platform, All_ebt issues an EBT virtual card, which aims to solve problems around financial inclusion and access to healthy food of low income communities.
DACTROIT
Built by EOS Detroit, DACTROIT’ is a decentralized autonomous community (DAC)which enables communities with the tools to have operate a complementary currency and high-speed internet access. Started on an experimental basis to visualize and promote alternative ways for people to come together to share their spaces, resources, and relationships. In the current time EOS is the one of the most widely used blockchain platform inthe world. A wide range of other applications for purposes such as ride-hailing, music sharing, fitness tracking, digital payments, EOS leads in all of them. Being safer, faster and more affordable alternatives to traditional blockchain apps, EOS based dApps have easily gained users, as they can provide immense benefits for a wide range of business needs in the future.
Blockchain Technology Platforms We Work On
Hyperledger
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.
Ethereum
Ethereum is an open-source blockchain-based distributed computing platform and operating system featuring smart contracts functionality. Ethereum was the first blockchain project to install smart contract technology, which eliminates the need for third party to enter into an agreement
Hyperledger
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.
Ethereum
Ethereum is an open-source blockchain-based distributed computing platform and operating system featuring smart contracts functionality. Ethereum was the first blockchain project to install smart contract technology, which eliminates the need for third party to enter into an agreement
Corda
Corda is an open source blockchain project, designed for business from the start. Only Corda allows you to build interoperable blockchain networks that transact in strict privacy. Corda's smart contract technology allows businesses to transact directly, with value.
Hashgraph
Hashgraph is a distributed ledger technology. It is an asynchronous Byzantine Fault Tolerance consensus algorithm capable of securing the platform against attacks.
EOS
EOS is a Blockchain platform which is powered by native cryptocurrency named as EOS. Its is a decentralized operating system which can support industrial large-scale dApps.
Stellar
Stellar is an open source network for financial products, with Stellar one can create, send and trade over digital assets.
Tezos
Tezos is a platform linked to a digital token, called a Tezzie or Tez, which is a decentralized blockchain platform that is self-governing and establishes a true digital commonwealth. Here token holders get a reward for participating in the proof-of-stake consensus mechanism, as platform is not based on the mining of Tez. Tezos is a smart contract and dApp platform. What makes it unique from other platforms is its self-amending cryptographic mechanism.
Tron
Tron is a Blockchain platform based upon cryptocurrency named Tronix, which is decentralized nature and used to create high performance Blockchain apps
Blockchain Development Experts
Custom Blockchain Development Advantage
Having more than 2+ years of cumulative experience developing Blockchain Applications on different platforms, we understand you requirement better than else and capable of delivering at lightening speed. Hire R3 corda developers as per your requirement from leading tech company.
Transparency
By making use of Consensus Time Stamping, Corda ensures that no one can control the order of transactions.
Security
Based on the Bank-Grade Security, Corda offers great security by ruling out bad actors from preventing consensus.
High Potential
Corda is really fast and has potential to compute around 200,000 transactions just within a few seconds.
Uniqueness
Corda works on the two techniques i.e. Gossip about Gossip and Virtual Voting to reach the distributed consensus that is quite effectual.
Technologies We Work On
Blockchain
Front-end
Back-end
Mobile Application Development
Database
Servers
Rejolut Blockchain Development Process
Rejolut Technology provides Custom Blockchain Development Services to startups and Enterprises. We are working with the Fortune 500 Brands. We develop an nimble software development approach for all types of development projects. We have dedicated team of software engineers with decades of experience and track record of delivering successful projects before the committed date and time.
What is Blockchain?
Blockchain is a growing list of records, called blocks, that are linked using cryptography. Each block refers to the previous block and together make the Blockchain. Blockchain is not just a technology but also the next generation of the Internet that has varied applications in day to life.
How Blockchain Works?
Blockchain is known as ‘Distributed Ledger Technology’ (DLT), is an increasing record of files, known as blocks, which are Connected using cryptography. Each block identifies the prior block and together create the blockchain. In Blockchain document timestamps couldn’t be tampered with timestamps of files, hence rendering it tamperproof and powerful in safety.
How We Get Blockchain Development Done
Transparency
We ask our clients to participate in a deeply collaborative process. You’ll be in constant communication with your team every step of the way.
In depth knowledge
We are one of the Top Blockchain Development Company who has the capabilities to go very deep inside the code of blockchain to solve the business problem. We can even rewrite the libraries and sdk.
Customer obsession
We are obsessed to serve you better than any other Blockchain consulting firm. This obsession leads us to go extra mile for all our customer. Your priorities are our priorities. Your goals are our goals. Your success is our success.
Code Quality
We treat your project as our own. We always keep in mind the scalability, security and reusability before writing a single line of code. All the code which we do will be shared by you from the day 0 in GitHub repository.
Better, stronger & faster
We move quickly. A fast-paced and aggressive approach will be the catalyst for our engagement and iteration. Staying agile allows us to prioritize needs, test earlier, and land on the best possible solution.
30 days free warranty
We are so confident about our deliverables that we provide 30 days free warranty for any issues or bugs arises in the code written by us. Although it does not happen normally but if it happen we will solve it for free.
Let’s build something awesome using Blockchain
Frequently Asked Questions
Each transaction is confirmed as we go. This massively increases privacy (your transaction is not intermingled with everybody else’s) and, because we support multiple notaries on the same network, also enables things to go faster. So Corda is both a blockchain and not a blockchain!
R3 stands for Reduce, Reuse, Recycle.
Checklist while Hiring Blockchain developer
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5
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Our innovative hiring | Training process
Our HR team source the resume from best colleges/companies based on the job description
Once we filtered the right set of candidate we provide them the algorithm and domain specific online tests
Once selected the first round we call them at our headquarter in Mumbai for 3 F2F round and meeting with team
Once the developer is on-boarded we deploy them in live projects for 3 months before available for hire by the clients
Rejolut by the Numbers
30+
Projects
Completed
5+
Startups
Got Funding
5000+
Entrepreneurs
Consulted Worldwide
150K+
LInes of Code
Deployed
2
Development
Centers
25+
Global
Workforce
Why Hire Blockchain Developer from Rejolut?
Dedicated Resource
We provide you dedicated resource who only focus on your project which leads to quality code and faster implementation
Daily/Weekly Reporting
Our developer provide you the daily & weekly reporting. We follow Trello for task management & slack for hassle free communication
Scalable Framework
Our proven framework will led you to scale the team on demand keeping the quality intact
Remote Capabilities
We are the remote first company and all our developers have experienced in working remotely
Flexible cost
You can hire from us a dedicated developer or a dedicated team or to solve a small issues
Managed Service
Our all developers are managed by a highly qualified founding team who are responsible for quality delivery on time
Other related service from Rejolut
Insights
Top 20 companies in 2020 for Corda Development
Top 10 Trending Technological Trends in 2020
Top 10 companies in 2020 for Enterprise Blockchain
We believe in winning and help you to win
we-got-covered
The product developed by us got covered by Markets Insider, PR Newswire, Inc42, TechCircle, Forbes etc
contribution-to-open-source-projects
We constantly innovate and contribute to open source projects. Currently, we have contributed to two open-source projects iOS SDK for Heders and Custom Model to parse resume using ML & AI.
working-with-fortune-500-companies
We are fortunate enough to work with fortune 500 companies like Malaysian Airlines, Tata group, Jazeera Airlines etc in a very short span of time
believe-in-winning
We are the winner of a couple of Blockchain Hackathon nationally and internationally
helped-start-up-to-bag-multi-million-dollar-funding
The product which we have developed got multi-million dollar funding and also get selected in the top accelerators and incubators
first-in-the-world-to-deploy-smart-contract
We are the first in the world to deploy the smart contract in Hedera Test Network.
producthunt-golden-kitty-award
One of the products developed by us is selected for the ProductHunt Golden Kitty Award in 2019 in Dev Tool category
selected-as-the-startup-of-the-week
We got selected as the Blockchain Startup of the Week in 2019 by INC42, One of India's leading media pltform
app-got-selected-for-google-i-0-2019
The app developed by us got selected for presentation in Google I/O 2019 to demonstrate Flutter Use-case in beauty Industries.
Happy Customer
We are the customer first agency and our obsession to solve customer problem differentiates us from other agency. We believe in a philosophy that “Your happiness is our happiness and as you grow, we grow too”
Frequently Asked Questions
We provide you the managed service which means all our developers are managed by the founder itself who takes over all the technology & architectural decisions as long as the decisions are within the parameters that the business has set.
We understand the importance of data security and Intellectual property rights, so we have taken it very seriously. We follow these steps to safeguard it:-
1) We sign the NDA before any engagement.
2) Our all the office is protected by biometric door access control system and has only the limited access.
3) Access of any code or data is only available to the senior employee.
4) Our all employee is bound to sign the NDA before joining to protect the customer from any data or information breach.
that you find the error post-launch (very rare!) but if it does happen, we will jump right on it. If the
code needs fixing because of the issue uncontrollable by us (like third-party libraries and plugins)
we offer a 30 days warranty for free support and fixing.
Naturally, our warranty does not include any fixes or changes done by you (client’s team). So if
someone in your team decided to go into the code and change thing up fixes will additionally cost.
We have taken our communication very seriously. The TAT for any queries by client is one hour in slack & one day in mail.
Delivering the product on time is the only priority for us so if required our team is also present on client’s time zone along with weekends or on holidays.
We are a pixel perfect development agency. We do understand the importance of UI/UX in development process as it helps in increasing brand’s ROI, attract more users, reduce funnel drop, increase product presence in multiple screen sizes, increase retention etc.
Our Team
Vishal Dharmawat
Blockchain Expert & Consultant
Rahul Asati
Blockchain Expert & Delivery
Blockchain Development in 2020
- How does Blockchain works?
- Is Blockchain open source??
- What are challenges is blockchain adoption?
Success Story
“Deliverables are of premium quality at lightening speed which saves a huge cost on technology”
Rejolut is a great company when it comes to custom blockchain development. They are obsessed about quality deliverables and customer satisfaction.
I am happy to recommend them for any custom blockchain development.
CEO, Myearth.id
“Customer obsession are of different level”
I worked with them at Mentorbox. They provide a fantastic technology consultancy with fast and accurate results to deliver high-quality product development. The founders are creative, knowledgeable and technical experts with vast experiences in many industries.
Software Engineer, Google
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