EOS – asynchronous connection
What is EOS?
EOS is a cryptocurrency that is considered one of the main competitors of Ethereum and is a place to develop and create decentralized applications. EOS has a user-friendly interface and a fairly high transaction speed (up to one hundred thousand transactions per second). The entire systеm is owned by one company called Block.one. Their main goal is to make EOS the easiest and fastest blockchain in the world. Block.one is registered in the Cayman Islands and is headquartered in the United States with main operating offices in the United States and Hong Kong.
The EOS team consists of 50 developers led by Daniel Larimer, a programmer from America. In 2014, he implemented his first blockchain project (decentralized exchange BitShares).
The EOS project ICO lasted for a whole year, starting from 06.2017 to 06.2018. EOS has become very popular with investors thanks to a well-thought-out and implemented advertising campaign. During this time, 1 billion coins were created, 10% of this amount was reserved by developers, the rest was bought by investors. According to the original plan, EOS was supposed to start trading after the end of the ICO, but it appeared on crypto exchanges just 2 months after the start of the ICO. Thus, thanks to the ICO, the company was able to raise $4 billion.
Main advantages and disadvantages of EOS
The biggest advantage of EOS is its high scalability. EOS can execute transactions in parallel and support asynchronous connections. Many commercial applications now run on this systеm.
Also, a very strong advantage of EOS is its high degree of developer friendliness. The systеm has a large set of tools and a platform for web development. The next strength is the availability of free access to the main functionality.
The next benefit is free access to core features.
Another interesting advantage of EOS is convenient Internet addresses. For example, in Ethereum the address looks like this: 00100b6830аbb40f02d7e, and in EOS – @SallyTailor.
EOS has its drawbacks too. It is a relatively centralized systеm and the software is supplied by only one company. Another disadvantage is that only 21 users can simultaneously create a block, for comparison, Ethereum can have 10 thousand users.
EOS Mining
EOS mining is not possible because the systеm is based on the Delegated Proof of Stake (DPoS) protocol. DPoS – works as follows – all network members make a choice in favor of 21 validators. This group of validators creates new blocks within 24 hours, after which 21 new validators are selected and the process is repeated.
How do I buy EOS?
You can buy EOS on one of the crypto exchanges where this cryptocurrency is traded or through a crypto exchange such as Leoexchanger!
EOS price dynamics (USD)
As of August 2022, 1 EOS is worth approximately $1.62. The total market capitalization is $1,632,888,178.
The price movement chart is shown below:
How to store EOS?
You must choose where to store your EOS. It can be – paper and hardware wallets, online wallet, exchange account, mobile application. You need to choose the option that is most convenient for you.
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