EOS Crypto Currency

EOS Review

EOS is another promising Cryptocurrency which follows the model of Ethereum. EOS was released on 31 January 2018 and in the short span of 2 months, EOS got into the list of top 10 most valuable Cryptocurrency in the world. Max supply of EOS is 1 Billion out of which 900,000,000 are for users where 100,000,000 coins are reserved for Block.one.

EOS is developed by a company Block.one. Block.one will release the public software on June 1, 2018. EOS got the spotlight for two reasons, the first is that the EOS is promising the elimination of transaction fees and they will achieve this via ownership model where EOS users will be entitled to use resources proportional to their stake rather than paying for each and every transaction. The other reason is the scalability, EOS promise that the system will never face the congestion issues similar to popular coins like Bitcoin and Ethereum. The company claim that system will be able to process millions of transactions per second which is a very bold claim and if EOS manage to achieve these 2 goals, its value will surely rise.

EOS Trading was started on Jan 31 with the value of 11.46$ and we have seen some decline in the value of EOS in the last few month. In April, 2018, EOS Trading was trading around 6$. The reason why EOS managed to get into the list of Top 10 most valued cryptocurrencies is its bold claims and investors are attracted to it. The project was started in 2017 and there was very much hype in the crypto community. Now we have to see if EOS live up to its expectation or not.

Pros

  • High Transaction fees are an issue for users of top cryptocurrencies, EOS users will enjoy the transfer of assets without any fee.
  • EOS will process millions of transactions per second.
  • EOS aims to be the first decentralized operating system which will provide a development environment for the decentralized application.
  • Core Development Team is smart and experienced
  • Blockchain VIPs like Dan Larimer and Brendan Blumer are behind EOS.
  • EOS use the Delegated Proof-of-stake (DPoS) consensus which is much faster and energy efficient. In Delegated Proof of stake, many nodes elect the witness-nodes in the network which make the quick high-level decisions without polling the entire network
  • EOS Platform will operate with three characteristics of smart contracts: asynchronous communication, horizontal scalability and interoperability at the same time.

Cons

  • Its a big one. EOS is meant to be a revolutionary technology but they have a long way to go and they will have to prove that their claims are true.

OVERALL COIN SCORE:

Trade EOS

eToro | Coinbase

Market Cap & Charts
  • eos
  • EOS
    (EOS)
  • Price
    $2.42
  • Market Cap
    $2,486,613,930.40