EOS is a blockchain protocol introduces by the cryptocurrency EOS. This protocol emulates most of the attributes of a real computer including hardware as well for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders. It managed as a smart contract platform similar to Ethereum and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model.
The target of this EOS platform is to provide a decentralized application hosting, smart contract capabilities and decentralized storage of enterprise solutions that will resolve the scalability issues of blockchain like Both Bitcoin and Ethereum, are also going to eliminate all fees for users.
EOS provides users both bandwidth and storage on the blockchain, the proportion to the total stake [owning 1% of EOS tokens allows for use of up to 1% of the total available bandwidth]. EOS has allows the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner’s stake.
EOS with future of blockchain projects
- All started with an amount of $4 billion raised to offered to the developers behind the platform- Block one initiated. The fifth largest cryptocurrency per time of writing by market capitalization very often bitcoin-centric cryptocurrency ecosystem with news and development flushing in.
- EOS could reflect a serious directional change in strategy, and investors should take a note. With a promise for building a better and more scalable protocol for blockchain, EOS is showcasing real competition for the contenders.
- In previous months in a row, EOS has maintained its delegate proof-of-stake (DPoS), blockchain project edged out Ethereum after its first ranking was released to gain the top spot since June 2018. Apart from topping over the charts, EOS has also occupied the top place in Technology index.
- Under the news of Bitcoin ETF’s Ripple lawsuits [at its end]. And stellar being listed on Coinbase, EOS is kept going & slowly but surely attracting DApps (decentralized Applications) that were initially on the Ethereum platform as well as changing the interest of any of them who were planning to develop on ETH.
Future of EOS [Prediction]
For the very moment, EOS is experiencing the highest gain in a previous couple of weeks ago and top 10 coins. With this, the token is battling supported by the bulls to stay above the major $5.00 as it is trading $6.01 per time of writing. The value can go to $12 in 2018 itself.
However, bears are having they’re saying the most part so let’s wait to see the near team outcome which is very depended on this moment now.
The EOS token has already delivered 10x profits since the time of ICO and it is expected to grow significantly as the development continues. If you are planning for a solid blockchain project to invest, EOS can definitely be an excellent choice.