In this review we will look at the trading opportunities of EOS tokens, the advantages of the project and the prospects for further product development.
EOS project general information
EOS project is based on modern Blockchain technologies. It provides the possibility of applications vector scaling in a common project network based on the principle of decentralization. Developers have created their own interface with the functions of the digital operating system. On the basis of the EOS network structure, users can create their own applications. Project participants can create applications for working with accounts, databases, authentication process, asynchronous communication and other parameters on the provided number of clusters and cores of the digital operating system. The use of Blockchain technologies provides unique opportunities for applications – created applications are very quickly optimized.
The main project of the developers is the Block.one platform, released from the responsibility of the Cayman Islands Association. The main activity of the company is the development of applications and software. Cooperation with leading experts in the field of the cryptocurrency market and business allows using the most innovative solutions in the field of digital trade and financing of promising projects. Integration of the Blockchain technologies into the development of new products significantly expands the capabilities of programs and applications in modern market. Detailed information about the composition of the development team and ideas used in the work is provided by the official website of the project – https://eos.io.
Offer your ideas for further improvement and development of the project here – https://github.com/eosio.
The key features of the EOS project?
The platform is based on the Proof-of-Completeness protocol – it allows you to determine the number of transactions by a simpler method. Messages and transactions are assigned a serial number, so all the necessary information can be learned through a common database of transactions completed. The platform automatically delivers messages and transactions according to the assigned serial number.
The project provides for its own cryptocurrency, fully compliant with the EPC-20 protocols, which is common in the Ethereum network. The cryptocurrency does not have its own platform, but it is common on most popular crypto-exchange exchanges on the Internet. In addition, on the EOS platform provided to users, you can create your own plug-ins and applications to optimize business and trade. The developers of the platform don’t give a certain definition to the EOS cryptocurrency.
The emission of the ECO cryptocurrency token ends on June 1, 2018. At that time, the tokens will be captured by the Ethereum network. Until then, tokens can be transferred to other platforms on the Internet, which are managed by the third party companies.
Advantages and opportunities of the EOS project
At this stage, the project is in the testing phase, so it’s too early to talk about the shortcomings. But it is already possible to highlight the positive aspects of the platform and the trade prospects of the EOS cryptocurrency. Developers very quickly solve system problems, besides the platform can provide numerous advantages for users:
- Expanded scalability options – increased maximum capacity of the infrastructure allows you to maintain a simultaneous number of messages and trade offers, as well as provide asynchronous communication functions and separate the process of authenticating remittances from their execution.
- The flexibility of the working functions of the interface – the ability to freeze inefficient projects and eliminate design defects right in time.
- A large number of user options – users have access to many useful functions, such as a declarative scheme of transaction permissions, the ability to create custom modifications for the interface, and self-determination of data schemes. EOS is a full-fledged platform on the basis of which innovative projects are constantly created and produced.
Cost of EOS tokens
At the moment, investors are very interested in the cryptocurrency of the EOS. At the time of writing the review, the capitalization of the cryptocurrency in the general market was $ 6.6 billion, with a token valued at $ 9.76. In Bitcoin-equivalent, it is 0.00085895 BTC, and for Ethereum the price is 0.01041620 ETH. To check the current token rates, it is best to use the online database by the link https://coinmarketcap.com/currencies/eos/.
Which wallet to use for EOS
Since the EOS project does not have its own functional platform, you need to register a virtual wallet to work with the cryptocurrency. At the moment, there are many projects on the network that provide users with the services of creating a digital wallet for transactions in the network of EOS. Also, you can use your Bitcoin and Ethereum wallet. If you cannot choose from the options provided, we recommend the following services:
You can get EOS tokens during the issuance of cryptocurrency to the market or buy tokens on popular exchanges in the network. For the purchase of cryptocurrency, you need to find a relevant exchanger and closely monitor the current price. In this case, you will be able to conclude the most profitable transaction.
EOS and its users perspects in 2018?
At the moment, the project is under development. Developers constantly improve the functionality of the platform, expanding the list of options available to users and eliminating the malfunctioning of the system. The product provides users with time-tested and practical development concepts, supplemented by innovative projects, including custom ones. At the same time, the platform does not limit the activities of third-party developers, which makes a useful contribution to the overall development of the cryptocurrency market and the Blockchain technologies.