Review on EOS by Esther Ogunmodede
What you should know about EOS
Eos is known as an operating system made for business to contract blockchain application as a replacement for web-app while retaining similar structural principle.
The vision of the EOS project is to create a smart and business oriented dapp platform that is faster, safer and cheaper in transaction. There is the absent of transaction fees due to an ownership model where is entitled to use network resources equivalent to his stake without the need of paying for every transaction
It is a secure blockchain which can make many transaction per second, it low cost maintainance also makes it superior to all other existing blockchain. It is also set to be a significant competitor to the current leading block chain
EOS has a circulating supply of 940 million coins and a maxsupply off 00 coins. HITBTC is the current most active market trading it. Its price is provided USD, but the base currency can easily be switch to Euro, British pound and Russian Roubles
Pros
- EOS is a solid technology
- Decision can be made by supermajority without polling the whole blockchain
- It is fast and convenient operation
Cons
- It need to be more recognized on the crypto market
- It is hard for developers to include functional features
New products
Comments (3)
May 11, 2020
EOS is a cryptocurrency designed to support large scale applications. There are no fees to send or receive on EOS. But, the protocol rewards the entity that run the network periodically with the new EOS. Effectively substituting inflation for transaction fee.
May 10, 2020
The duo of Dan Larimer and Brendan Bloomer the co founders of EOS are successful tech experts who aimed at providing a complete operating system for decentralised application by providing services like users authentication, cloud storage and hosting through EOS .
May 10, 2020
EOS is a blockchain powdered by native Crytocurrency EOS . The smart contract platform claims to eliminate transaction fees and also contract millions of transaction per second.
According to the DigitalCoinPrice source , EOS coinprice will increase. Investment in EOS Crytocurrency is profitable. In 2020, the price will slightly go up to $8.12 . From long time perspective, EOS Crytocurrency can change to $18.06 in 2025 , which contributes to his long term benefits
