Daniel Larimer is a software programmer, the co-founder of the blockchain social platform Steemit (2016), and is CTO of EOS, with the company block.one
In 2003, he received a bachelor’s degree in computer science from the Polytechnic Institute and the State University of Virginia. Currently, he focuses on technology: blockchain, cryptocurrency, decentralized exchanges, economic systems, and freedom.
The history of Dan
In 2009, he tried to create a digital currency when he discovered Bitcoin. He immediately contacted Bitcoin and began to communicate with the creator Bitcoin Satoshi Nakamoto at the Bitcoin forum. At this time, he was alarmed that centralized exchanges were arbitrarily closed. He came to the conclusion that decentralized exchanges would become necessary. It was at this time that he created BitShares and invented BitUSD, which is the first cryptocurrency tied to the dollar. For more than two years, he has been implementing and configuring blockchain technology to support decentralized exchange. The resulting technology is called Graphene and is what gives BitShares and Steem.
Dan Larimer is the co-founder of Steemit, Inc and his technical director until March 2017. He is the chief architect of the blocking of Steem blockchain and Steem cryptocurrency. He is also the CEO of Cryptonomex, Inc., which is a technology consulting company that was founded with his father, Stan Larimer. He founded the decentralized exchange of BitShares and Invictus Innocations. He gave birth to the idea of a “decentralized autonomous company” or DAC.
If you are asking yourself right now: “What is BitShares?” Dan answers this question in his blog. To sum up, BitShares is a network, bank, accountant, company, stock exchange, software, community, currency, and Dan argues that this is even a country. For most people, this is a difficult concept. Probably, this invention is 10 years ahead of time, but today, judging by Tokenschart, people start to catch. BitShares is based on many principles, such as DAO Ethereum.
After Dan successfully built the Steam blockchain, he moved on to the next EOS project.
If you believed that BitShares is difficult to understand, EOS is perhaps even more ambitious and difficult to understand for an ordinary person. It took me several weeks to get a general idea of this, but fortunately, the White EOS book was recently released.
EOS is easier to understand when you find out what problems it is trying to solve. Right now, blockchains have several problems that need to be solved: they are difficult to scale, they are expensive (Ethereum charges gas for using its network), they lack the interoperability, and they are complicated for outdated companies to navigate.
Blockchain technology revises the entire Internet, but for most business owners there is no easy way to adopt this brand-new revolutionary technology. I believe that EOS is trying to simplify blockchain technology by creating an operating system called blockchain for companies.
Extract from white paper EOS
“The EOS.IO software introduces a new block architecture designed for vertical and horizontal scaling of decentralized applications. This is achieved by creating a design similar to the operating system on which applications can be created. The software provides accounts, authentication, databases, asynchronous communication and application scheduling on hundreds of cores or clusters of CPUs. The resulting technology is a blockchain that scales to millions of transactions per second eliminates user fees and allows you to quickly and easily deploy decentralized applications. ”
-EOS White Paper
Sales of EOS tokens will be launched on the Ethereum network, the recently announced EOS blog. The sale of tokens will continue throughout the year to ensure maximum and widespread distribution. Many people were embarrassed by this move, but I think this is a reasonable step for financial reasons. Ethereum takes a serious thrust and with its price and popularity. He already has a sense of Goliath.
I wonder what Dan Larimer will reinvent after EOS? Like all visionary inventors, I’m sure it will be something revolutionary and amazing. Dan Larimer’s inventions have already changed more lives than one could count, and mine is one of them.