Review on EOS by Digital Convict
Mr. EOS & Mrs. Blockchain
EOS is the asset that sustains and speeds up the entire EOSIO Blockchain Platform; The block creation process is powerful (1block/0.5secondes).
Fastest! Processes between 50-60 transactions/second.
Is complete, competitive and popular since its ICO launch in July 2017 (
many of the ICOs fail with the roadmap or fulfill their whitepaper; EOS is already designing 2.1 V).
Their software releases are on their official site in chronological order,
are open source & free download.
The 3rd parties wallets for this cryptoactive (Are available for known operating systems to desktop, web and mobile); Although they are free to use and install, you must pay to access the private key, the average price is 0.5 EOS;
Native tokens can also be stored.
Resources like NET, RAM, and CPU; They can be purchased from block producers *; They are necessary for any development on the blockchain.
There are approximately 85M ecosystem coins to go into circulation
At the moment of this review are almost 950 M circulating, on 300+ DEX,
considering the variety of pairs: DeFi pairs, native tokens and exchange tokens.
Although its price per market capitalization is at the mercy of volatility and after recovering from the last global drop in crypto assets (March 13, 2020); Daily, weekly and monthly earn and lose points, but It has found a strong support area at $ 2.50 USD.
The bloks explorer allows to interact with the mainnet and testnet;
Nothing out of the ordinar!
The peculiar thing is: Allows the same in both networks of other assets:
If you are not interested in investing, but you are interested in knowing about Blockchain technology, they offers free training courses until January 31, 2021
(It is intended for non-profit purposes, for educational purposes only, so there are no leagues, no intermediaries, no referrals).
It promotes transparency, for this reason it allows the free expression/opinions about it; However, disagrees speeches that discredit, misinform or give false info about it.
If you feel interested, take a look for yourself.
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Pros
- A decentralized ecosystem where users and developers, can built and modifies multiple networks; That improves the final way it is used.
- It is possible to create tokens from "smart contracts" that serve as utility in the development of Dapps; This is very attractive to software creators.
- You can transfer / sell the surplus or the resources generated by Staking*
- Transaction costs on the same network are free.
- You can find Dapps (Music, games, art, social networks) that use or have tokens created with EOS, some of them have reward policies.
- It has its own arbitration center
Cons
- Some see it as the rival of Ethereum, that impacts the commercial vision; That perspective hampers the objective exploration that Eosio's blockain offers.
- You must Stake to improve the speed, quantity and capacity of movements / transactions.
- Unlocked capital is not immediately available. You must wait 72 hours to receive it (But it is punctual and reliable)
- Although over time many of its tokens can increase in value due to capitalization; Now they do not have a high price (that disappoints individuals whose enthusiasm lies in money and not profit)
- When resources are scarce, the price of resources can be very high*.
