Our article today is entirely devoted to the EOSIO platform and EOS tokens. We will look at their trading opportunities, the benefits of using this type of token, as well as possible development in the future.
EOS Project General Information
EOSIO is a blockchain platform, and EOS is the native cryptocurrency that this platform runs on. The EOSIO platform allows users to create smart contracts and decentralized apps. EOS is so powerful that it is capable of processing millions of transactions per second. At the same time, there are no transaction fees on the blockchain platform for sending or receiving cryptocurrency. On the contrary, the new EOS is awarded as protocol rewards to organizations that use the network periodically, effectively substituting inflation for transaction fees.
The EOSIO developers have presented the world with an interface that combines the functions of a digital operating system. The use of blockchain technology in EOSIO gives users unique opportunities to create new applications. Such apps are associated with databases, working with accounts, asynchronous communication, authentication process, and other services on the provided number of clusters and cores of the digital operating system. All apps are quickly optimized, which is very significant for EOSIO participants. EOSIO provides the possibility of applications vector scaling in a common project network based on the principle of decentralization.
Block. one is the main project of the EOSIO developers, founded by Daniel Larimer and Brendan Blumer. The company is engaged in the development of applications and software. The business successfully collaborates with leading cryptocurrency exchange professionals. This allows the company to use the most modern solutions in the field of financing potentially promising projects and digital commerce. They successfully expand the capabilities of new applications by integrating blockchain technologies into them. You can visit the official website https://eos.io for more information about the company, block producers and the development team, and plans. Also, you can offer your exceptional ideas concerning the development of the project. To do this, visit https://github.com/eosio.
In May 2021, EOSIO developers announced the launch of a new company, Bullish Global. It will be a blockchain-based cryptocurrency exchange. The main features will be a combination of high performance and user privacy. The blockchain platform will offer clients modern tools for lending, market making, and portfolio management. EOSIO and EOS public blockchain activity will be used to produce a cryptographically validated, provable, and immutable audit trail of all transactions.
Many well-known investors have decided to invest in a new blockchain crypto exchange. These include the global investment bank Nomura, Galaxy Digital, Alan Howard, and others. The company has been capitalized with over $ 10 billion in cash and digital assets in funding.
Key Features of EOS
EOS is based on the Proof-of-Completeness protocol, which allows users to quantify the number of transactions using a simple method. All activities are assigned an individual sequence number. This makes it easier to find the required data through a common database. The database stores information about all completed transactions.
Another feature is the presence of its own cryptocurrency. It fully complies with the protocols used in the Ethereum network. Cryptocurrency is common in almost all major crypto exchanges.
Using EOS, users can create their own applications and services used to improve their work and trading processes.
Before June 1, 2018, EOS tokens could be transferred to third-party platforms on the Internet. Since then, the emission of this token has been completed, and all tokens have been captured by the Ethereum network.
Advantages and Opportunities for EOS
In this section, we summarize all the promising and worthy sides of the EOS:
- If there are any problems with EOS, experienced developers quickly find solutions and fix the issues.
- The platform’s flexible features allow users to quickly fix design flaws and freeze ineffective projects.
- EOS takes advantage of advanced scalability capabilities. The flexible platform functions allow to maintain a simultaneous number of messages and trade offers, as well as provide asynchronous communication functions and separate the process of authenticating remittances from their execution.
- EOS users are provided with a huge number of functions. For instance, they can create their own interface modifications or use the declarative scheme of the transaction permissions function.
- Based on EOS, developers create unique, innovative projects.
Which Wallet to Use for EOS
To perform transactions on the EOS network, the user must register a cryptocurrency wallet.
One may use an already created Ethereum or Bitcoin wallet or create a new one. We can recommend using a service from one of these platforms:
You can buy tokens on the popular crypto exchange, or you may get EOS during the issuance of cryptocurrency to the market. We recommend that you carefully monitor the EOS price before making a purchase.
It is important to mention that all indicators are valid only at the time of the writing and are for informational purposes only.
All the latest news users can find in the corresponding section of the site.
- Live EOS price is $ 6.41;
- The circulating supply is 953.57 million EOS coins;
- The market cap is $6.12 billion
- The market cap dominance is 0.33%
- The trading volume is $5,59 billion
- The volume/market cap is 0.9113
- The all-time high price was $ 22.71 on April 29, 2018
- The all-time low price was $ 0.5 on October 23, 2017
If you want to find the top exchange to buy EOS, you should check Binance, Coinbase, Kraken, or Bittrex.
Is EOS crypto a good investment?
This is a complex issue and requires additional investment advice. Nowadays, cryptocurrency attracts more investors, and EOS continues to receive solid support in its sector, but it is not yet clear if it will ever surpass Ethereum or Bitcoin. EOS’s main goal at this time is to continue to provide decentralized apps most safely. And while many popular publications and experts predict price increases for EOS, we recommend you do more research before counting yourself as a new EOS investor.
Where can I buy EOS?
While users cannot buy EOS using fiat currencies, one may visit an exchange to buy Bitcoin or Ethereum. Then one can trade them for EOS. The best exchanges to trade are:
Payment methods vary by site but may include credit or debit card payments, bank transfer, PayPal, and others. One should carefully review all available data about the conditions before starting to work with the chosen platform.
How to earn EOS?
The simplest way to get EOS is to buy one. For this, you will need an EOS wallet and account. You can choose from several popular platforms such as Exodus, Ledger, or Edge. Go through the registration steps and create an account. It is important to note that to register, you will need a third party that already has an account. Also, the EOS is awarded as protocol rewards to institutions that utilize the EOSIO network periodically, effectively substituting inflation for transaction charges.
How to trade EOS?
One can buy it through popular crypto exchanges or trade on its price using derivative products. The current circulating supply is 953.57 million EOS coins, and the average current price is $ 6.41.
To trade EOS, you can use exchanges like eToro, Coinbase, Kraken, Exodus, etc. To choose the most suitable platform for you, carefully study all available data, price terms, conditions. It is better not to rush to choose but to devote sufficient time to studying the issue and comparing the conditions. Knowledgeable investors are more likely to be successful.