Why I'm betting on the EOS cryptocurrency

in cryptocurrency •  2 months ago

logo-EOS-1920.png

Dan Larimer

First, the guy who created EOS and released it into the wild, Dan Larimer (@dantheman). I've seen only success from him. From Bitshares to Steemit. I dig his philosophy about governance and I trust him. And when he had a chance to run off with hundreds of millions from the year long ICO, he didn't.

What does EOS do?

EOS is often compared to ETH (Ethereum) because they are both platforms designed to be a foundation for distributed applications (dApps) to use. EOS is newer and has some differences that address some shortcomings of the Ethereum Network. For instance, to develop a dApp on Ethereum you need to use Solidity, a programming language for smart contracts. The need to know Solidity is a barrier to the use of the Ethereum Network. EOS overcomes this by providing services to developers, including database and account management services, which do not require programming knowledge.

Among the many dApps already built and being built for EOS, a few worthy of mention are:

EOS has other technological strong points as well

For instance, it is fast and more scalable than Ethereum. In terms of speed, EOS gets faster with time and is already hundreds - if not thousands - of times faster than ETH. Where the Ethereum Network requires users to pay gas to use the network, transactions on the EOS blockchain are free. EOS also has huge and enthusiastic community support, and for good reason. The coin is not mined. Rather, block producers are voted in by the community.

Finally

EOS recently completed a successful token sale and has the capital to develop its full potential. Also, EOS is ranked #5 in market cap for all existing cryptos and with Ethereum, Bitcoin Cash, and Ripple losing steam, EOS could easily jump to #2, second only to Bitcoin, in market dominance! For these reasons, I am confident EOS will be a game changer and a profitable investment in 2019 and beyond.

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