What is EOSBIT?/get to know the eosbit early
EOSBIT is a Bandwidth token. Token Bandwidth is a token / ticket supported by% bandwidth owned on the EOS network. Because this token will be backed by the amount of bandwidth specified in the EOS ecosystem, it is likely to gain acceptance of this token in place of payments to use the Beyond Bitcoin Partner Decentralization Apps (DApps). Because bandwidth is a limited resource, this token will be worth a certain amount of bandwidth, and will soon slide after the launch of the live EOS Chain in the cryptocurrency chain.
This is indeed the direction we are taking it. Think of them as tokens to use dapps and gain perks within dapps and maybe even some other cool things. :)
@officialfuzzy, hi there, I was wondering if there was any new information about eosbit on how it is working, now that eos has gone live. is it equivalent to an eos token and where can we get more information on this eosbit? Cheers
Yes me too, I don‘t get it. how do eosbit work. They intended to be worth bandwidth in EOS but EOS is worth bandwidth in EOS . So ... Something with crosschain ?
Ok It´s on Bitshares but what is it?
Maybe they are equivalent to an eos token or backed by one?
you can purchase eosbit on bitshares 😃
Hi Officialfuzzy
https://cointelegraph.com/news/eos-ram-prices-skyrocket-amid-network-speculation
I found this article, does EOSBIT help alleviate this problem, looks like bandwidth is a problem on the EOS network?
thanks