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The Future of EOS (EOS) Looks Bright, Here’s Why

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Depending on how informed you are when it comes to following new developments in the world of cryptos, you may or may not have already heard of EOS. This is young crypto that has an open-source infrastructure and so much potential that many of the most magnificent cryptos in the world feel threatened by it. Let’s find out why.

Strong team, stronger support

Before all else, we should start talking about this project’s team first. This is only natural, considering that its platform has yet to be launched, and before we can see what it can indeed do, we can just measure its potential by exploring its backers and developers.

First of all, EOS was created and developed by Block.one. This company works as a foundation with a goal of providing an open-source software that would be autonomous, and it can do so by collecting money. Its CEO is an entrepreneur, Brendan Blumer, while its CTO is Daniel Larimer, another entrepreneur who is already well-known when it comes to his technical skills. His experience can be confirmed by taking a look at how Steemit and Bitshares are doing since both were designed by him.

As if that is not enough, the team also includes Bithump’s former CEO, Richard Jung. Additionally, the firm established partnerships with some of the richest people in the world – Eric Schmidt and Mike Novogratz. With such an assembly backing the claims that EOS is going to be a complete game changer, how can you not have trust in it? None of these people need money which would inspire them to trick already careful and sometimes even paranoid investors. What they are doing is legit.

It is all about decentralization

Daniel Larimer understands the importance of decentralization, and that can easily be seen from the nature of his previous two projects. Both Steemit and Bitshares are decentralized, with Bitshares being a decentralized exchange, and Steemit being a decentralized blog, or social network, however, you wish to see it.

Now, he continues his fight for decentralization, and EOS is going to be his next big decentralized project. It is an entire operating system, and it will allow its users to create and host rather specific networks.

It is important to understand the potential that a decentralized network can bring since all of the payment processes and social media are aiming at using them. There were speculations that Ethereum’s network might be the one to host them, but at this point, with its speeds, it is simply not going to happen. EOS developers recognize this need, which is why EOS’s network will be the place where the future is going to call home.

The tech behind EOS

As mentioned previously, the team behind EOS understands the needs of the online users. Because of that, they are implementing a lot of things that are and will be needed. We are not talking about a couple of improvements here, but instead, it is an entire futuristic setup, which means that EOS plans to stay for a while.

It will provide DPOS (Delegated Proof of Stake), which is another Dan’s creation. Then, users will have the chance to use names instead of addresses while creating their account, which will eliminate the need to remember long addresses which can, at times, be completely unreadable.

Another new feature will include roles and permissions, which will allow for pretty much anything when it comes to sharing data. You, as a user, will be able to decide who has access to data that you store on the blockchain, who can have an influence over it, and so on.

Additionally, the EOS whitepaper also mentioned sandboxing. According to the whitepaper, when an app starts acting unusually, the account’s code can be replaced without hard fork being performed on the entire blockchain. This is something like freezing the said account. A lot more is mentioned by the whitepaper, but apparently, some very big changes are coming with EOS.

Dutch auctions

Finally, let’s also mention the transparency. To allow anyone to enjoy the participation in EOS ICO, the team distributed their coins during 341 days. A lot of people believed to be an act that indicates a scam, designed to trick investors and get away with a few million.

The result of the decision to make this kind of ICO is a lot of money. According to some estimations, the team might end up with anything from $2.3 billion to $8 billion or even more. It definitely marks one of the most successful ICOs in history.

So yes, with all that (and more) going on for EOS, even before the platform was launched, it is definitely a smart investment. Eventually, it might be seen as one of the most significant steps towards utterly decentralized society.

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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.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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