This document discusses eddy current brakes. It begins with an introduction that describes how eddy current brakes provide braking through electromagnetic induction and eddy currents rather than contact friction. It then explains the working principle of how changing magnetic fields induce eddy currents that create opposing magnetic fields for braking. The document classifies eddy current brakes and discusses power dissipation through eddy currents. It outlines advantages like less maintenance and adjustability as well as disadvantages like requiring electric power. Applications are described for trains, rollercoasters, mining and more. The conclusion discusses replacing ordinary brakes with eddy current brakes and future aspects.