What is Bitcoin EOS (Differences between Bitcoin, Ethereum, and EOS)

What is Bitcoin EOS? According to official sources, Bitcoin EOS is an open-source and decentralized blockchain system. The project was developed by the Bitcoin Core team, aiming to achieve security and privacy in distributed consensus. It utilizes a new technology called “bit_eos,” which allows anyone to create their own public chain network and mainnet.

So, what is Bitcoin EOS? First, it is important to understand that Bitcoin EOS is a software platform based on Ethereum, running on the infrastructure of BFT (Byzantine Fault Tolerance). Bitcoin EOS establishes trust and maintains a secure and irreversible network by enabling anyone to conduct transactions, while ensuring fair competition and shared benefits among all participants. Additionally, it is a peer-to-peer electronic cash system that enables convenient and fast currency transfer and payment acceptance for everyone. Lastly, Bitcoin EOS supports borderless cryptocurrency wallets, assisting people in easily managing their identity information, financial records, and other information.

Differences between Bitcoin, Ethereum, and EOS

According to CCN reports, there are three main differences between Bitcoin and Ethereum: EOS and BCH. The former operates under the Bitcoin protocol, while the latter’s code is open-source. EOS, on the other hand, is developed based on the EOS network.

When comparing them, both the Bitcoin and Ethereum blockchains belong to PoW (Proof of Work) mechanisms. Therefore, their biggest difference lies in their consensus algorithms (as they are both public). If the number of transactions on the Bitcoin blockchain remains unchanged, it means that more than half of the blocks mined by miners will decrease, ensuring that the value of Bitcoin will not be transferred to addresses on other chains.