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

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EOS
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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

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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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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Top 3 Coins to Buy Before They Go Big

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coins
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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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