EOS Review: Still Worth Considering?

► Best EOS Wallets: https://www.coinbureau.com/analysis/best-vechain-wallets/
► FREE Giveaway: https://www.coinbureau.com/promo/giveaway

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► Time Stamps ⏰

1:00 Introduction
2:00 Main Features
2:15 Scalability
3:17 Developer Portal
3:50 EOS dApp Development Stats
4:50 Usability
5:20 dPoS Consensus Mechanism
8:20 Token Prices & Dynamics
9:16 Block.one & Team
10:39 EOSIO 2 Update
11:10 EOS Markets & Storage

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⛓️ 🔗 Helpful Links 🔗 ⛓️

► Website: https://eos.io
► Purchase Agreement: https://bit.ly/2NjMMhn
► GitHub: https://github.com/EOSIO
► EOS ICO: https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.html
► Strategic Vision: https://eos.io/strategic-vision/

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📱️ Socials 📱

► Official Blog: https://medium.com/eosio
► Twitter: https://twitter.com/block_one_
► YouTube: https://www.youtube.com/channel/UCbc7vIgwb-sPSckU0FbWmRg

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📝 Project Overview 📝

EOS is a decentralized platform providing fast and free transaction processing. The blockchain will support smart contracts, which means developers can create decentralized applications, or dApps on its blockchain.

EOS also wants to create a platform that behaves like an operating system. The purpose is to make it easy and simple enough for anyone to use and build on.

There is also a concerted effort with the EOS project to build a blockchain that is able to scale effectively to millions of transasctions per second.

⚙️ Technology ⚙️

EOS uses a delegated proof of stake consensus or dPOS consensus algorithm to handle the transaction load and managing data.

With the consensus model, you can vote for those who confirm transactions and these are called witnesses on the EOS blockchain.

EOS uses a modern dPOS consensus with BFT (Byzantine Fault Tolerance) which allows the project to efficiently scale to an unlimited amount of validators. The main benefit of this consensu mechanism is that it is feeless and the only costs are bourne through the network through inflation.

On the dApp development front, the project has a developer portal which has numerous tools such as EOS- Virtual Machine, EOS JS, an EOSIO Software Development Kit for Swift etc. There are currently over 300 dApps that have been built on the EOS blockchain. These range from gambling dApps to games and exchanges.

In order to help scale the EOS blockchain, there are a number of technologies that are being used. These include the likes of updated webassembly, multi-threading, node improvement, advanced databases, and resource reduction.

💰️ Token 💰

The EOS ICO took place on June 26 2017, lasting for an entire year. From a purely monetary standpoint, EOS is one of the most successful ICOs as the project raised almost $4.1 billion.

Since EOS did not have its own blockchain when the project launched, EOS tokens were initially issued on the Ethereum blockchain as ERC20 standard tokens. Eventually, the project eventually migrated over to a mainnet native token in June of 2018.

EOS has a current circulating supply of nearly 938 million tokens, with a total supply just over 1 billion.

The project does not have a maximum supply limit, as it uses inflation to fund transactions. However, a 5% cap has been agreed upon for inflation rates.

👨‍💻️ Team, Partners & Development 👨‍💻

The EOS project is developed by a company called BlockOne. This company is led by CEO Brendan Blumer, CTO Dan Larimer and COO Andrew Bliss.

In terms of future developments, the project released its EOSIO 2 software, with updated features and tools for developers.

Additionally, EOS announced a browser-based Integrated Development Environment, or I.D.E.

📈 Trading & Wallets 📈

EOS is listed on a number of exchanges with extensive volume across them all. The token does the most volume on BKEX, totaling over 200 dollars daily. Other exchanges like LBank, DigiFinex, and Coin Tiger do more than 100 million in volume in a 24-hour period as well.

There is also strong liquidity on individual order books at well known exchanges such as Binance and Coinbase Pro. This means that you have limited slippage even for those larger block orders.

There are also a number of wallets that support EOS. These include mobile, desktop and hardware wallets. It is supported on both the Ledger and Trezor devices.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

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Post Author: CoinCryptoNews