Buy in India at ₹

• It can process a higher number of transactions per second than Bitcoin or Ethereum.
• Eos allows developers to build DApps while providing an ecosystem to learn.
• The people holding EOS tokens have the advantage of voting for protocol upgrades.
• It has a market capitalization of more than $4.5 billion.
• It is free to build Dapps on the platform if you are holding Eos tokens (No gas fees).

Eos was launched in 2018 by Block.one after raising a massive $4.1 billion in their ICO (Initial Coin Offering).

It was developed with the aim to provide a platform for developers to help them build Decentralized Applications (DApps). The platform itself hosts a variety of resources for developers to learn about the functionality. It has a much better transaction speed than its rival Ethereum, with just 15 transactions per second. The Eos tokens act as a medium of payment on the EOS.IO network.

Its future seems bright as it plans to clock millions of transactions in a second!

• Eos is a P2P cryptocurrency with faster payments and low transaction fees.

• It works on the Proof-of-Stake consensus algorithm.
• It doesn’t work on regular mining protocol, but block producers are rewarded with EOS for the block they produce.

Other crypto coins to look at

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.