10 Things You Should Know About EOS

in #eos7 years ago (edited)

Here are 10 things you should know about EOS if you don't want to miss out on the next big opportunity in the cryptocurrency space

  1. We can all be among the early adopters! There has been no official announcement about the EOS token distribution model but many are anxiously awaiting more information. Enter your email address in the Subscribe box at EOS.io to sign up for the mailing list if you want to be among the first to know about EOS distribution.

  2. The code is available on GitHub at https://github.com/EOSIO.

  3. There are EOS Telegram chat groups in multiple languages. Below are three that I am aware of. If you know of others, please add them in the comments.

    English - https://t.me/EOSproject
    한국인 그룹 - https://t.me/EOSKorea
    Российская группа - https://t.me/EOS_RU

  4. EOS is not an officially defined acronym although many have been suggested, such as Ethereum On Steroids, End of Silence, Endless Online Scaling, etc. My preferred is EOS Operating System.

  5. There will be no pre-mine of EOS tokens. There will be no mining at all. There will be Producers, which are similar to Witnesses in Steem.

  6. The target number of total EOS token supply is 1 Billion with the potential (depending on community votes) of up to 5% inflation per annum. The tokens can be "staked" to power the blockchain's bandwidth, computational power and storage capabilities.

  7. EOS will use the most fair distribution model yet. Speed will not be a factor in obtaining EOS. This means you will not have to worry about being outbid by bots and the like. Did I mention bids? There is some speculation based on old, out-of-date documentation that was briefly available GitHub, that the distribution model will involve some type of auction of the EOS tokens. One thing that has been revealed is that the price will be determined by the markets, so it will not be fixed.

  8. EOS will be the first blockchain with its own constitution. Check out this post by @dantheman: https://steemit.com/eos/@dantheman/what-could-a-blockchain-constitution-look-like

  9. Ummm... EOS will have the capability to process MILLIONS of transactions per SECOND through horizontal scaling! This blows any of the old dogs like Bitcoin and Ethereum out of the water and will make it possible to create dapps that are indistinguishable from their centralized counterparts.

  10. If you plan to run a full EOS node, you will need to be ready to run on Linux/OS X.

Note: @bbrewer is not an official representative of EOS or Block.one. I am just a regular guy who is slightly obsessed with cryptocurrency and the imminent launch of EOS. I obtained most of the information for this post from the EOS Telegram chat.


You forgot to mention that EOS has the coolest logo with the coolest backstory of any cryptocurrency!

Yes, the chestahedron! It is awesome. The EOS.io site is pretty freaking awesome even now! I will have to write more about it again. ;)

Can you summarize the backstory in a sentence or two?

It’s a seven sided shape where all faces have the same surface area, which didn’t exist in the physical universe until it was discovered/invented by an artist over many years and many attempts. When the corners and edges are rounded it is the same shape as one ventricle of the human heart. There are many other forms in nature based on this shape. See the link, second video, long but very interesting if you have the patience to watch.


I bought more EOS just because of this comment ; )

Then my comment may qualify as the most bizarre trading advice on record.

haha! agreed. Its got one of the best looking sites of any crypto. I dont know why but that goes a long way. Shows that there are brains and ambition behind it. I started buying eos at about .70 cents, and look at it now. Hit $4.30 or more this week! $30,000 from a $5,500 dollar investment so far, and climbing every day. good post!

You should be over 100k now. I really hope it a long term investment as I got in for a great price and am extremely happy with the return so far!

This is a really informative post! By the way, I've created a Steemit t-shirt for this amazing community. Hope that you like it!

That will be more fair than Bitshares ICO. Wow! Maybe he will stay with project for more than a year and keep his promise.

I think he only moves on when he has left his project in good hands and he is ready to develop the next phase of the ecosystem. Steemit and Bitshares are not suffering in my opinion.

You should explore more what he did with Bitshares.

What did he do?

Google is your friend.

I want to hear your version, you seem so well informed.

No, sorry. You can start with https://letstalkbitcoin.com/blog/post/the-evolution-of-protoshares then try to find out what (post Feb 28)AGS donors got.
Maybe you will have better luck with EOS ICO.
Good luck.

I was an AGS donor, did just fine.

This is why I'm curious what your story is, not what everyone else's is. :)

It is sometimes, but if he did something specific it would be better if you just pointed it out.

Agreed! I have been researching and investing in BTS and recently opened a Bitshares OpenLedger account. : )And I am hodling.

Recently? Who knows maybe you become rich. Good luck.

Yes when it was at $.045 or so I picked up the bulk of my bts. Thanks!

I like it. Did you just post that to Wikipedia?!!

I was referring to it as a recursive acronym but coining a cool new term is pretty neat too!

Comment posted from ChainBB.

That's "millions" with an M folks. Impressive.

Personally I can only hope that Steem price rises significantly until I get a chance to buy in for a piece of the pie or that possibly there are some coins handed out to those taking an early interest, as they did with Ripple and a few other projects.

I think you have a good chance of Steem Price going up as EOS will bring more attention to Steemit and ChainBB! Good luck friend!

I agree! Hopefully Steem will be driven by BTS and Pearplays. EOS will continue to drive them all three I think.

I think so too! I need to look into Peerplays. So many investment opportunities and so little time and money to invest! EOS will help them all though so pick one and stay in for the long haul. And keep posting on ChainBB!

My preferred is EOS Operating System

Can't beat a good Backronym

I'm a little late to the game but just bought into EOS. Great article.

Thanks for stopping by. You are not too late! We are just getting started with EOS. Congratulations on making a wise investment.

Thanks for this info i have a great feeling about EOS !!! Do you remember the price when you wrote this article? Its at $1.89 ish right now.

There was no price at the writing of this article because Token-Distribution had not yet begun. ;)

  1. End Of State

Yes, that is another good one!

Thanks for tying this together 🙂 It's a really exciting project.

EOS will be the first blockchain with its own constitution. Check out this post by @dantheman: https://steemit.com/eos/@dantheman/what-could-a-blockchain-constitution-look-like

This, I'm not too sure about. It seems like a kind of contract that's not contract. I always like to know exactly where I stand with legal or even pseudo-legal agreements.

This concerns me. I asked for a response but did not get one from @dantheman. What's your take on it?

Thank you for the comment. I am still formulating my thoughts on the constitution.

This is amazing info, thank you! I'm going to look into it further.

Coin Marketplace

STEEM 0.26
TRX 0.10
JST 0.032
BTC 38748.71
ETH 2099.87
USDT 1.00
SBD 5.44