EOS (EOS) is one of top 50 most popular cryptocurrencies currently. In terms of market cap, it is currently the 41st-largest digital asset (over US$4.3 billion in market capitalizations) in the crypto market. Now, the question comes should you invest in it? Is it a good investment? To answer all your queries, let me walk you through EOS (EOS) and various aspects associated with it.
EOS platform has been designed in such a way that it enables developers to create DApps (decentralized applications). The main goal of this project is to keep it simple so that it becomes easier for programmers to adopt blockchain technology. This, in turn, ensures that the EOS network remains easier for usage than its competitors. For helping developers to create functional applications easily and quickly, this platform provides them with lots of educational resources and tools.
There are other priorities for the EOS platform too. Its next most important priority is to deliver greater scalability levels than that of other blockchains. While some of the leading blockchains such as Ethereum can handle 15 tps (transactions per second), EOS can handle more than 1,000 tps. Overall, this blockchain wants to improve experience of both businesses and users.
The aims of EOS project can be summarized as:
A company named Block.one developed the EOS platform. Daniel Larimer and Brendan Blumer wrote the whitepaper. While Brendan Blumer is the CEO, Daniel Larimer is the CTO of the company. Block.one was started by the duo in 2017. In June 2018, the EOS blockchain was launched.
All these facts and figures (as of Oct 19, 2021) will help you to make a decision on investing in EOS:
EOS is special because iot tries creating familiarity for its users. To understand better, you may compare EOS.IO with operating systems such as iOS or Windows. The EOS.IO network is driven by the native currency, EOS.
EOS platform has huge capacity to accomodate. The company says that hundreds and thousands of DApps can be accommodate. Its efficiency is driven by:
Token holders have been given voting right. This enables them to vote for:
A delegated proof-of-stake consensus mechanism is used by EOS. It was Daniel Larimer who conceived this concept. This mechanism tries to solve some of the major problems associated with both the Proof of Stake (PoS) and the Proof of Work (PoW) systems.
The beauty of delegated proof-of-stake consensus mechanism is that it provides EOS token holders the right to vote for representatives, who in turn validate transactions on the blockchain. Consolidation is eliminated with the help of this Delegated PoS system. In this DPoS system, the larger miners having more computing power and resources can’t push out smaller miners.
You can buy EOS coins in almost all reputed cryptocurrency exchanges including:
You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.
The most popular price pairs of EOS are:
Before investing, check out historical data of token EOS, crypto news, EOS price charts, EOS to BTC exchange rate, and others.
The best Filecoin wallets to store FIL coins are:
You can buy and sell EOS EOS and other virtual currencies against various fiat currencies (US Dollar USD, British Pound, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs, and bitcoin cash markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.
If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.
You can also diversify your crypto coin portfolio by including other cryptocurrencies such as EOS, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.
Also, invest in various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.