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EOS is an investment opportunity you can’t afford to miss, here’s why

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In this modern age where the number of cryptocurrencies in existence is well over 1,500, with new ones being frequently developed, it seems like you hear about a new virtual currency every day. And as cryptocurrency users looking to invest in a new cryptocurrency, we often get to the point where we are not sure when we should invest and what’s the best option to put our money in the market.

Following Ethereum’s success as a blockchain platform for growing DApps, decentralized applications, the blockchain space ever so often experiences the emergence of some similar platforms with EOS being one of them. The Hong Kong-based blockchain, EOS, has been billed as the Ethereum killer. It promises a decentralized application platform (DApp).

EOS 101

Created by Block.one and Dan Larimer, EOS makes it possible for DApps to scale both vertically and horizontally, and like Ethereum, EOS is a platform that allows other digital coins to come into fruition.

Its main objective is to answer the problems of speed, scalability, and user experience by providing account recovery, doing away with transaction fees, and alike. The blockchain manages to attain this by using Delegated Proof-of-Stake consensus mechanism.

Here I will highlight the reasons why EOS is a good investment opportunity.

EOS Scalability

Blockchain scalability is a real problem especially now when virtual currencies like Bitcoin and Ethereum are competing with more mainstream platforms like MasterCard, PayPal, and Visa; they seriously need to intensify their performance when it comes to transaction time.

Although not being a ‘silver bullet’ to the scalability issue, EOS is built specifically to prioritize scalability performance by ensuring massive adoption of the cryptocurrency is not a problem.

The EOS platform was built to hold millions of users at the same time making use of its blockchain, but even so, scaling is a continuous problem that has a terrible way of going around any attempts of solving it. As soon as developers improve scalability, products adapt until scalability levels are reached again leading to another performance crisis.

Ethereum’s (EOS biggest competitor) Current State

On several occasions, EOS has been compared to Ethereum with both currencies sharing a similar vision of becoming a decentralized space for trading with cryptocurrencies. However, Ethereum seems to be back peddling away from this vision as it requires a lot of time, work, and resources to implement.

In the opposite side of the frame, EOS has continued to pursue this vision making it have scalability, and a better-equipped ecosystem that is leading to the platforms become the primary option users.

EOS Source of Funds

Many of the virtual currencies if not all result in worrying situations when it comes to the facts that relate to funding activities. But thanks to EOS’s efforts and success in creating an inflation system that supports the funding of the blockchain, the digital coin can spare users from transaction cost that could have been used to source for funds.

EOS relies on a 5% annual inflation that is used to pay block producers and for requests of the whole community.

Conclusion

Holding EOS tokens allows you to use its shared network resources. Meaning you will have access to bandwidth, storage, and many other services after investing in EOS. It’s like possessing a digital real estate where the number of digital coins you own provides you with the percentage of space that will be at your disposal.

It is still too early to predict EOS movements in the future and whether it’s going to live up to its expectations. But what can be said is the digital coin has a good team, a grand vision to become great, a successful leader who is an expert in the field, and a lot of potentials. With all this in context, it’s easy to understand why EOS is a safe and smart investment option at this time.

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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.

Image courtesy of Pxhere.com

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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