EOS is one of the hot names to come out of the blockchain platform.
EOS is typically a decentralized operating system developed on the blockchain platform. This is one platform used in the commercial market where it gives all the required core functionalities in which it uses a few technological designs known among blockchain communities which are:
- DPoS consensus
- Zero transaction fees
- More than 100,00 TPS
What is EOS all about
It has been claimed that EOS does not involve any transaction fees while being able to produce millions of transactions in as little as one second. Block.One is the company responsible for developing the EOSIO platform where it became an open-source software in June 2018. What makes this all the more remarkable is that its ICO was one of the biggest ever recorded. Currently, it is the fifth leading cryptocurrency in the world.
What is so good about EOS?
To say the least, EOSs technology allows the implementation of smart contracts while businesses can use blockchain to solve issues pertaining to scalability and security. What it wants to do is to be the first decentralized operating system in the market.
Transactions for EOS
Anyone looking to buy the EOS coin can do so through any of the trading exchanges available and pairing it with the likes of BTC and ETH. This includes:
- and many others
Because the EOS platform allows the decentralization of applications in the public domain, scalability becomes possible and easily achieved. This means that thousands of commercial decentralized applications can be supported via the EOS.
What makes EOS so different?
The factor that allows EOS to stand out among other cryptocurrencies is that there are no transaction fees involved. Scalability is one of EOS� strongest factor. Besides that, EOS runs on smart contracts, similar to that of Ethereum. But EOS claims to have faster transaction times which means execution becomes quicker and more efficient too. It uses Delegated PoS (Proof-of-Stake) in contrast to Ethereum�s PoW (Proof-of-Work) mining model.