Review on EOS by Philipp Friedmann

Name: EOS
Item: EOS
Rating: 4

August 30, 2018

The EOS vision is to build a blockchain dapp platform that can securely and…

The EOS vision is to build a blockchain dapp platform that can securely and smoothly scale to thousands of transactions per second, all while providing an accessible experience to app developers, entrepreneurs, and users. They aim to provide a complete operating system for decentralized applications focused on the web by providing services like user authentication, cloud storage, and server hosting.
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Pros

Free to Use An application built on the EOS platform does not require micropayments by end users to send messages and perform tasks on the blockchain. This is left up to the individual app developers to determine how transactions fees (which are extremely low) will be paid, meaning companies are free to come up with their own monetization strategies and offer their users service for free or not.

Cons

The simplest way to buy EOS is to purchase it on Binance with either USDT, BTC, or ETH. You can also buy it on Bitfinex, Huobi, or OKEx although the process may not be as straightforward. If you only have USD (or any other fiat) currently, you’ve got some additional steps. First, you need to set-up an account on a platform that supports fiat to crypto exchanges. Gemini, GDAX, and Coinbase are all popular options. This is a bit complicated