My Bull Coin of the Week: EOS
Cryptocurrency's meteoric climb over the last two years has been nothing short of astounding. However, the number of people entering the market or trading cryptocurrencies shows no indications of tiredness at the moment. There are presently over 16,000 virtual coin transactions based on multiple blockchain networks, according to industry research firm CoinMarketCap.
One of them is EOS, which stands for Electro-Optical Systems. The blockchain, which was first introduced in June 2018, has gained traction and attracted both investors and programmers. It was even called a "Ethereum killer" at one point.
What is EOS?
EOS.IO is an open source platform that allows developers to create decentralized apps, or dApps for short. EOS is the coin that took shape to this network. A white paper for its software was released a year before it was introduced.
The project's purpose is to make blockchain technology more accessible to programmers. Its goal is to make its network more user-friendly than its competitors'. Scalability is another feature that sets EOS different from its competitors. While the majority of its competitors can only manage a few transactions per second, EOS promises to stay ahead of them.
Who are the founders?
Block.one, a software business focusing in blockchain technology, first released the platform in 2016. Block.one executives Daniel Larimer (CTO) and Brendan Blumer approved the EOS White Paper (CEO). Selling virtual gaming elements was one of Blumer's early ventures. The BitShare trading platform and the Steem blockchain are two of Larimer's cryptocurrency projects.
Why is EOS different?
The company promises to be able to handle hundreds of different dApp needs. In comparison to bitcoin mining, EOS crypto tokens are also created and acquired in a unique way. Users are rewarded with fresh EOS coins for each block they create after completing the required amount of blocks. The EOS blockchain is sometimes regarded as a major and direct competitor to Ethereum.
With a total quantity of 1.02 billion coins, there are now approximately 936 million EOS coins in circulation. In June 2017, Block.one issued an initial currency offer for EOS that lasted a year. The entire amount raised is $4.02 billion.
Market
Right, when I am writing this blog, EOS is going on $3.20 USD price . Last 24 hours all-time high was 3.27 and all-time low is 3.15. I hope in the end of this year it will touch 50$.
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