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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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