EOS cryptocurrency
The recently appeared, but already seriously sensational, EOS cryptocurrency was launched in mid-2017 by the Block.one team. Aiming to create the world's most powerful infrastructure for decentralized applications, this new promising blockchain platform is designed to host smart contracts.
Official website - eos.io
Since the EOS project is similar to Ethereum, when it was launched, the developers set the main goal of taking market share from Ethereum. At the same time, they promised the public a more scalable blockchain with improved usability for large enterprises.
For blockchain technology to become widespread, the project advocates for the need to make certain changes:
“Overcoming companies like Ebay, Uber, AirBnB and Facebook requires blockchain technology, capable of handling tens of millions of active daily users. In some cases, applications may fail if a critical mass of users is not reached, and therefore a platform that can handle massive numbers of users is paramount.”
Description and advantages of EOS
The creator of EOS, Dan Larimer, took the Ethereum model as the basis for the project, but reshaped it in his own way and made it faster and more optimized, tailored for the execution of large number of parallel tasks.
Some people call the EOS platform “Ethereum on steroids” because it is more thorough and sophisticated, has the highest throughput and fast operating speed. The platform's blockchain produces blocks every 3 seconds.
The system uses its own DPOS algorithm, which allows you to distribute resources, bandwidth and computing power of EOS depending on the user's share. Applications on the EOS platform can be used by millions of users simultaneously. In this case, there will be no significant brakes or delays.
The developers are basing the project on three main functions:
- scalability - the ability to run thousands of applications in parallel,
asynchronous communication and dApps; - flexibility – the ability to correct any errors found in
the infrastructure, modernize the system and timely improve it; - user-friendly interface – maintaining self-written interfaces and user
schemes without data.
The unique advantages of EOS are:
- Equality of opportunity: the value of EOS tokens is not predetermined, it is set by market demand;
- Duration of the ICO period: the cryptocurrency is sold out for more than 340 days , which allows you to sufficiently familiarize yourself with the project and participate in it;
- Transparency: after purchasing EOS tokens, the recipient receives confirmation of receipt of funds.
Where to buy EOS cryptocurrency
Today, the following top cryptocurrency exchanges offer the purchase of EOS cryptocurrency:
- Bittfinex;
- Binance;
- Kucoin, etc.
Depending on the exchange, the purchase of EOS tokens is carried out in exchange for Bitcoin, Ethereum and dollars.
Where to store the EOS cryptocurrency
When developing EOS, like other cryptocurrencies, the developers took care of creating a virtual wallet, which can be found on the official website of the resource. In addition, the EOS token can be stored on any of the wallets that support Ethereum:
- MyEtherWallet;
- Exodus;
- MetaMask.
Conclusion
Having conducted a detailed review of the EOS cryptocurrency, we can say that it is very attractive for investment .
Firstly, the ICO is carried out on a reliable and fast platform, significantly superior to Ethereum in its technical characteristics.
Secondly, EOS is a very large-scale project that has aroused the interests of many large investors.
Thirdly, the platform uses the DPOS algorithm, which provides high verification speed.
Of course, no one is immune from risks. But analysts believe that the prospects for the EOS cryptocurrency are very high. On the Internet you can find forecasts that the EOS rate will increase to at least $50 per token. As of the end of January 2018, the price of the coin was $12. The price of this cryptocurrency is showing good growth dynamics.
