What is EOS?
EOS is a blockchain-based, decentralised operating system, designed to support commercial-scale decentralised applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications.
EOS is offered by block.one, a Cayman Islands exempted company. The initial EOS token distribution takes place from 26 June 2017 to15 June 2018. The total EOS token cap is defined at 1 billion EOS.
200,000,000 EOS was distributed between 26 June 2017 to 1 July 2017 and every following day, 2,000,000 EOS is available.
Remaining 100,000,000 EOS is kept reserved for block.one, the issuing company and will not be available to the public.
Fenbushi Capital, Li Xia Lai, Blockchain Capital, Michael Cao, Yunbi, Bitfinex, Aurora Investment advisors and Hyperchain Capital are some of the investors during the initial token distribution.
How EOS Works?
EOS is a blockchain technology much like Ethereum. They plan to create their blockchain with a long list of impressive features. Some are even calling EOS the “Ethereum killer.”
Transactions on the EOS network is free, but the developers need to pay in EOS to host their DAPPS on the network. The EOS Token distribution structure was created to provide a sufficient period for people to participate if they so choose, as well as give people the opportunity to see the development of the EOS.IO Software before deciding to purchase EOS Tokens.
EOS: Unique Features
EOS is a software that will act as a decentralised operating system. Developers can then build applications on the EOS software. It will be highly scalable, flexible, and usable.
The most notable feature that is its horizontal scalability — what this means is the EOS blockchain will be able to allow parallel execution of smart contracts and simultaneous processing of transactions.
EOS will incorporate the delegated proof-of-stake (DPoS) consensus protocol, created by founder Dan Larimer himself. This system is less centralised, uses far less energy, and is incredibly fast — as in, up to millions-of-transactions-per-second fast. Moreover, there will be no user fees on the EOS blockchain.
How to buy EOS?
Tokens are available for purchase from 26 June 2017 to18 June 2018. First, you will need to have an Ethereum-based wallet with some ETH in it, like MyEtherWallet. Then just go to Eos.io, scroll down and click on “GET EOS”, review and agree to the conditions, then click Continue.
Next, copy the Ethereum address for the token distribution and go to MyEtherWallet, where you go to “Send Ether & Tokens”, paste the address and put in the amount of ETH you want to send, and generate the transaction. In about 24 hours you will be able to claim your tokens, and then you should register to request the native EOS tokens once the ICO sale ends.
EOS Price Prediction 2018
It is a new emerging coin which is a direct competitor of Ethereum coin. 2018 will have a very profitable year for investors because there are a lot of coins coming in the market and digital currencies are converting people’s mind. There are some new coins which may be touch some high prices in 2018 like EOS etc. EOS current price is more than $4.50 which is growing very fast, and people are investing in EOS Crypto every day. Price movement is so smooth and continuous especially from November 2017. According to analyst and previous records of crypto coins, we can forecast that EOS price will more than $20 in 2018. Its just a minimum amount may be price touch $100 peak. EOS price prediction 2018 is that EOS coin will sell at $20. EOS price prediction for 2020 is that EOS coin will touch $150 very quickly. The price of EOS today is $9.36 and marked the market cap value of $5,526,411,204. It has a volume of $514,362,000 and a current supply of 590,376,826 EOS. Altcoin News: EOS altcoin news, EOS altcoin price, EOS altcoin market cap, EOS altcoin exchanges, EOS Altcoins price today, EOS price chart, EOS altcoin mining software.