EOS: A Fresh Currency Rocking the Market
Connect with us

Blogs

EOS: A Fresh Currency Rocking the Market

Published

on

EOS

“Rocking” might be a slightly exaggerated term, but given the fact that EOS was introduced to the cryptocurrency market less than a year ago, this token is semi-dominating that same market with a fairly stable price and solid good features that make it desirable for investors and users. Let’s see how EOS is doing these days.

What is EOS?

For everyone still not entirely familiar with what EOS is, this token supports a strong decentralized network that allows all users and developers to easily create, upload and deploy decentralized applications within the EOS platform. This platform with its token is mostly comparable to Ethereum, as these two share a lot when it comes to purpose, goals, ideas and technical capabilities.

The project was launched in June 2017 and developed by Dan Larrimer, who also BitShares and Steam.

Much like any decentralized platform, in this case maybe Ethereum is best comparable; EOS allows all users and EOS holders, and developers to get an access to their blockchain network. In order for the developers to be able to craft their applications, they must own EOS tokens. All applications are of decentralized nature and represent a source of income for the developers whenever a user within the platform decides to use a certain application. The main blockchain server is made of smaller portions of nodes that also produce blocks, while all applications hosted on this platform allow mutual connection and communication. Firewall type applications would also be applicable in order to limit the range of communication when needed and on demand.

All applications set on the platform have their own database and personal data, which ensures the fast performance of both, the network and the application.

Even though EOS is far from reaching Ethereum’s current price, EOS developers, users and investors have declared this decentralized platform to be their main competition, so they are learning on Ethereum’s “mistakes”, correcting the issues they are addressing already at the core of the development.

That is how instead of charging its users for every transaction they make like Ethereum does, EOS will not charge their users for each transaction. That way, more people would want to choose EOS as their transaction fees would be cut that way, which makes up for a perfect strategy for EOS. But, much like Ethereum, EOS allows all developers working with their token to create their own ERC20 tokens and host them as ICO on their platform.

Moreover, EOS take the most pride in the scalability of its decentralized platform as this ecosystem can easily support thousands of uploaded applications without cluster or lowered processing speed. This is made possible thanks to the parallel execution, asynchronous communication and separated execution from authentication which prevents the system cluster.

This way, all applications are entitled to communication and fast processing speed, while also allowing fast transactions within the platform. The system is also improved by obtaining flexibility in form of allowing you to fix or freeze broken and bugging applications that are causing problems and showing present issues. Furthermore, EOS blockchain platform offers a user-friendly interface that is highly usable, having web tools for development of your interface with self-describing database schemes, interfaces, and declarative permission schemes.

In the end, all you need to know about this token and its platform is that it represents a scalable and flexible decentralized platform that can process millions of transactions in a matter of seconds while allowing creation and deployment of decentralized applications within its ecosystem. The main advantage you can get with EOS that seems most interesting to frequent blockchain users is the ability to process transactions with no fees.

How is EOS doing at the current moment?

From the beginning of January, this token managed to reach its all-time high, at one moment dealing at 18$ per one unit. Further, from that point, EOS lost the ground above its feet and was caught in the whirlpool of drops along with the great majority of other coins and tokens.

Now, when EOS is slowly being recovered when it comes to the pace of growth, you can buy this currency at 5.86$ per one unit. EOS has experienced rises against BTC and ETH as well and is currently set at 9th place on the global coin ranking list.

We will be updating our subscribers as soon as we know more. For the latest updates on EOS, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Geoff Whalen via Flickr

Blogs

How Can Foreigners Get Loans in Singapore

Published

on

loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

Continue Reading

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

Continue Reading

Press Release