Review on EOS by Othere Obtentus
Ethereum but faster and better
EOS is the native cryptocurrency of EOS. IO blockchain. It was launched recently in 2017 but has been climbing rapidly since its launch. It has been ranked the best cryptocurrency by China quite a few times now. It is one of the fastest growing cryptocurrency which climbed its way to the top 10 cryptocurrencies within a short period of time. Many earlier launched cryptocurrencies are far behind the ranking to EOS.
The developers of EOS claim that it is built to solve the problems of Bitcoin and Ethereum. The thing that differentiates EOS from Bitcoin and Ethereum is its Proof-of-Stake algorithm for mining. Unlike most blockchain, you can easily mine EOS by staking certain amount of EOS in your supported wallet.
The mining process consumes very little to no energy, is environmental friendly and does not require high installment and maintenance costs.
EOS is a faster and more efficient alternative to Ethereum and also enables the development of decentralized apps free. It is like Ethereum but faster and more efficient.
Despite of some flaws, EOS and its EOS. IO blockchain is revolutionizing the blockchain transaction when it comes to speed and security. It is also expanding the horizon of blockchain technology by making it easier for everyone to develop a decentralized app on their blockchain using their preferred language.
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Pros
- Faster than most transaction processing speed
- Free platform for developers to build Dapps
- Effortless and eco-friendly mining system
- Supports many programming languages to develop Dappps
- Increasing practical applications in real world
- Voting platform like Tron
Cons
- The voting process to elect block producers is argued to be rigged
- EOS does not have a total supply limit
- Controversial influence of China in EOS blockchain
