LR Data launches EOS Philippines

LR Data Center & Solutions Inc. ( LR Data), a corporation with deep experience in serving regulated online gaming communities in Asia, announces the launch of EOS Philippines. EOS Philippines is poised to be the first EOS block producer in the country. It aims to support the EOS global network and infrastructure, which is one of the top 5 digital tokens in the world.

EOS is a blockchain- based, decentralized operating system, designed to support commercialscale decentralized applications by providing all the necessary core functionality, enabling businesses to build blockchain applications in a manner similar to that of webbased applications.

With popularity and interest in distributed ledger technologies, “blockchain”, rising, EOS pursues a vision and design that solves many of the issues that hinder people from adopting blockchain solutions. Some of the developments EOS has made include designing their system to process a high number of transactions per second, fee- less transfer and remittance transactions, decentralized block production -- utilizing proof of stake instead of proof of work, and adopting a more democratic and communitybased governance.

Enrique Y. Gonzalez, vice-chairman of LR Data Center Solutions Inc. expressed much optimism on the opportunities bringing the platform and new form of digital transaction to the country, “With the launch of EOS Philippines, LR Data is at the forefront of infrastructure provisioning and supporting decentralization and democratization.