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The Untapped Potential of EOS and Why you Should Invest in it

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EOS
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In this day and age, where there are so many cryptos, and the new ones are popping up almost every other day, it can be quite difficult to decide which ones are worth investing into. A lot of them seem like they are a pretty good deal, and have a lot of potentials, only to prove too unstable and crash way to easily the first time the market goes through another crisis. This is why it is important to find a crypto worth investing in, and many believe that EOS is a perfect choice.

What is EOS?

It was created by Dan Larimer and Block.one. Its main goal is to solve issues regarding scalability, speed, and to improve the user experience by eliminating transaction fees, providing account recovery, and alike. This is achieved through the use of Delegated Proof-of-Stake consensus mechanism.

All in all, EOS is a very good investment opportunity, and there are many reasons why that is.

Why should you invest in EOS?

The first thing that you need to consider when choosing a crypto to invest in is who is behind it. A lot of cryptos have a seemingly good quality to their name, but they crash and burn because of the team that cannot handle it properly. This is not the case with EOS, since both its creator, as well as the team behind it are professionals with a lot of successful projects backing this claim up.

Not only that, but EOS even managed to attract the attention of a few billionaires, Eric Schmidt and Mike Novogratz. For a lot of people, this is more than enough proof that EOS has real potential since you don’t become a billionaire by making bad business decisions.

The next thing to have in mind is EOS’ design, which was imagined with scalability in mind. This is an issue with a lot of blockchains that were taken by surprise when mass adoption of 2018 started since they simply couldn’t scale and deal with it. Not that they won’t, eventually, but they cannot do it right now. In EOS’ case, however, scalability is something that is actually prioritized, which allows it to target apps that require decentralization but wouldn’t affect performance, like Twitter, for example.

Scalability is a large and complex issue that cannot be solved with one update, and it has a nasty way to go around any attempt to solve it, and just come back. It is safe to say that it will remain an issue for a fair number of years ahead of us, but the internet itself used to have the same problem, and it got solved after a while.

Another thing that makes EOS worthy of consideration is its competitor’s current state. Ethereum (ETH) posted a pretty big goal for itself, which was to become a decentralized world computer. Somewhere along the way, it realized that this will require a lot of time and work, which made it postpone its plans.

The developers have two options – they can wait and keep postponing their dApps for years, or they can migrate to a different blockchain that is better equipped to handle scalability. If they decide to go for blockchain migration, this will put EOS in the position of power and will allow it to take advantage of ETH’s projects.

Not to mention that EOS managed to raise around $2 billion via a year-long ICO, which can allow it to dump ETH on the open market, and therefore damage ETH’s value a lot.

EOS doesn’t have to worry about funding

Running a successful blockchain is not cheap, and the team needs constant funds in order to continue the blockchain’s development. A lot of cryptos rely on mining fees and inflation in order to fund their development, but EOS only relies on inflation. Its annual inflation is 5%, which it uses to pay block producers, and all that remains is used for whatever the token holders vote for.

Additionally, the Block.one team invested a lot into funds reserved for their ecosystem. They decided to make sure that they will always have active projects with a lot of potential and support.

And, let us remember that EOS is just about to launch its main net, which proved to be pretty good during the testnet’s experiments.

Finally, holding EOS tokens allows for using the resources of its shared network. This means that you will have access to storage, bandwidth, and alike, and all you need to do is invest in this crypto. It is just like owning a digital real estate, where the amount of tokens provides a percentage of space that is at your disposal.

So far, it is to early to see what will happen with EOS in the future and whether it will manage to live up to its plans and promises. What can be said, even at this point, is that it has a lot of potentials, a good team, a successful leader who knows what he is doing, and a plan to become great. With all of this in mind, it is easy to see why EOS is a pretty safe investment at this point.

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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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How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore
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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…

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Altcoins

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

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Aluna.Social
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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,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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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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