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CRYPTO REVIEW

EOS Review

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October 25, 2017 | 

Joanna Newman |  0 Comments | 

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What Is EOS?


EOS is a blockchain that embeds a smart contract platform. Its goal has been to remedy some of the problems visible on other blockchains. It was developed by Block.one (the developer of Ethereum). It’s incredibly quick--able to process millions of transactions instantly--and is free of transaction fees, too. While the asset has been released, the product hasn’t. The technology is conceived, but not yet actualized.

Some people believe, currently, that EOS may in fact be a real game-changer in the crypto development scene. They are ERC-20 Compatible and operate on the ethereum blockchain. They do not instate a particular purpose of any kind.

In addition to tech specs, EOS does the following:

  • It can support an incredible number of new apps

  • There no internal price point or mining--so the tokens are valued by supply and demand

  • They will be sold over the course of about a year (341 days) toward a maximum of one billion

  • They offer smart contracts just like Ethereum to record transactions


Other aspects EOS works with is the ability to create increased scaling. To make this happen, an entire operation system was conceived. This system maintains all the data--user accounts, communications, transactions, etc. It’s all in a blockchain technology that operates super quickly. As already mentioned, there are no user fees, either.

Why Invest In EOS?



  • EOS uses state-of-the art Smart Technology as used by Ethereum, but it operates quicker, cheaper, and has reduced problems

  • It’s not mined, which may create more equal opportunity


EOS Cost


The tokens were put out on the market in late June 2017. Already, we see a quick incline of value. It’s too early to tell, however, whether EOS will be a big baller just like Ethereum.




















Date



EOS Per USD Value



July 1



1.03



July 2



0.99



July 3



4.10



How To Invest in EOS


If you want to get in on the new EOS craze, then you can buy directly on the EOS website. You can also check out exchangers like Bitmex, but always make sure to use a reputable exchange, like Kraken or Coinbase, in order to prevent scams.

How To Invest in Bitcoin


Buying Bitcoins or portions of them is easy. Just check out Bitcoin’s official website. You can also buy Bitcoins via some of the most popular online exchanges, like Changelly and Coinmama. There are a number of ways to store your coins, such as by offline wallets or on exchange sites themselves.

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