You have heard negative things because of enormous FUD against it on each forum. Even smart people can be affected by FUD. (The only reason I did not fall for i

You have heard negative things because of enormous FUD against it on each forum. Even smart people can be affected by FUD. (The only reason I did not fall for it is that I found a pattern that if something is very heavily FUD-ed, it can be undervalued just because of it. So I researched the project deeply, on a source code level.) EOS uses DPos (delegated proof of stake). This means that token holders vote for block producers: 21 block producers are voted in to produce blocks in a round-robbin manner. In the future these block producers will be huge computer clusters in data centers. The whole network has only 21x redundancy in it, and there is no proof of work. Ethereum currently has Nx redundancy, where N is the number of nodes, and nodes are supposed to be as small as laptops. This way currently EOS is the only blockchain that can reach VISA level transactions/second. There are tons of things I am excited about in EOS (like contracts are written in WebAssembly instead of Solidity.) They have working software on Github, people are running their own testnets. There will be a public testnet in December. But what is more important is that the CTO is the creator of already working high-performance DPos blockchains: BitShares and Steemit. The Steemit blockchain has the highest traffic currently among all blockchains. The only technical critisism against EOS I heard is that some people say that DPos easily becomes centralized. I think proof of work can become much more easily centralized because in the end if one entity can get the electricity even slightly cheaper than others, it will be the only entity that can be able to mine profitably. This is explained by EOS CTO in more detail here: https://steemit.com/eos/@dan/in-defense-of-consortium-blockchains https://steemit.com/eos/@dan/in-defense-of-consortium-blockc...