What is EOS?

People who have been monitoring the cryptocurrency ecosystem in the last few weeks will have noticed that the EOS project is of great interest all of a sudden. At the same time, there seems to be some confusion about the value of this project and its native token at this stage. For a project claiming to be the most powerful infrastructure for decentralized applications, expectations are certainly high. Whether or not the team can realize this vision in the future is impossible to predict at this time.

AN OVERVIEW OF THE EOS PROJECT
For those who are not aware of what EOS has to offer, it's a good time to explore this project a bit more. In the first place, EOS is positioned as the most powerful infrastructure for decentralized applications. Since Ethereum has been in the spotlight, the DApps ecosystem has suddenly become much more popular. There are many different applications to build in addition to blockchain technology, because we still have to explore what this technology is really capable of doing. With more developers focusing on the blockchain, things will become much more interesting in the future.

How EOS will take into account all this remains to be determined. The team focused on the essential pillars of the blockchain with which most other cryptos seem to be struggling right now. Scalability, for example, is very hard to find in the world of cryptocurrency these days. There are very few currencies that have a relatively stable network in this regard, let alone one that stands the test of time. EOS wants to support thousands of DApps on a commercial scale in the future, which is quite ambitious.

For such a platform to work, there must be parallel execution, asynchronous communication and separate authentication of the execution. It will not be easy to check all these boxes, even for the EOS team. In addition, according to its white paper, EOS will also provide flexibility, which current blockchain solutions do not seem to remedy.

Last but not least, projects like these will continue or fall depending on how easy they are to use. EOS is working on interfaces, database schemas and authorization schemes that are self explanatory. In addition, they have a web toolkit for the development of the interface, which will certainly attract a lot of attention in the future. Keep in mind that this is still in the early stages of development, and there is still a lot of work to be done before EOS can start building what it can do.

EOS has also set an interesting precedent for its sale of tokens. Specifically, the team decided not to use a predetermined price, but rather to use a price based on market demand. At present, the value of EOS is skyrocketing, and it is unlikely that the situation will change anytime soon. Users can still buy EOS tokens now, assuming they do not come from the US and accept the full investment agreement. It is worthwhile to review all these aspects properly, as there could always be conflicting statements that cause confusion.

With an ICO distribution covering 341 days, it is clear that EOS is not a medium-term project. It is unclear if the team's approach will be considered intelligent. It is obvious that there is a ton of chips bought and sold at the moment. If this trend continues, the company will sell its entire billion euros before the end of the distribution phase. With a current price of over $ 10, the company has high expectations to meet in the near future.