EOS is a cryptocurrency that has been making waves in the digital asset space. As an open-source blockchain platform, it aims to provide a decentralized, efficient, and scalable infrastructure for developing while deploying decentralized applications. In this blog post, we will explore the ins and outs of EOS, including its features, benefits, and potential drawbacks, as well as its current market performance and prospects.
Whether you’re a seasoned crypto enthusiast or just starting to learn about EOS, this article will provide valuable insights and information to help you understand this innovative cryptocurrency.
What is EOS crypto?
EOS is a decentralized, open-source blockchain platform that enables the development and deployment of decentralized applications (dApps). The company Block created it. One, which conducted one of the most extensive initial coin offerings (ICOs) in history to fund its development.
EOS uses a unique consensus mechanism called Delegated Proof of Stake (DPoS), which allows for high scalability and fast transaction processing. It also uses a token-based governance system, where token holders can vote on decisions that affect the network. EOS aims to provide a decentralized, efficient and flexible infrastructure for the development and deployment of dApps and is considered one of the most versatile and powerful blockchain platforms in the market.
Prominent Features of EOS
The fact that EOS can process millions of transactions per second is one of its primary advantages. According to official sources, the network may add additional resources as needed to manage growing traffic thanks to horizontal scaling, which is how this is accomplished. EOS also has a unique governance mechanism that allows token holders to vote on network modifications, including the choice of block producers who verify transactions and maintain the network.
Moreover, EOS has several built-in features like a web-based wallet, a self-describing database structure, and a permissions system based on roles. These tools are designed to make it simpler for programmers to create and install dApps on the EOS network.
EOS tokens are used to fund network transactions as well as for the purchase of resources like storage and bandwidth. A tiny portion of new permits is produced annually to cover the cost of network maintenance, keeping the total number of EOS tokens fixed at 1 billion. It is a highly effective blockchain platform built to scale decentralized apps. With an emphasis on scalability and governance, EOS seeks to establish a decentralized operating system that anybody can use to develop and deploy dApps.
Who Created the EOS coin?
In 2017, Dan Larimer developed the decentralized blockchain platform known as EOS. Dan Larimer has a background in computer science and engineering and is an entrepreneur. Additionally, he founded additional blockchain initiatives, including BitShares and Steem.
In a white paper released in 2017, Dan Larimer originally proposed the idea of EOS. He subsequently established a platform with the name “Block.One“. Later on, the same organization created and introduced the EOS blockchain in 2018. The launch was famous for its year-long initial coin offering (ICO), which raised over $4 billion. It turned out to be one of the most successful ICOs ever.
With a focus on governance and scalability, Dan Larimer’s ambition for EOS was to create a decentralized operating system. This high-performance blockchain could handle millions of transactions per second.
EOS vs. Ethereum
EOS and Ethereum are decentralized blockchain platforms that develop and deploy decentralized dApps. However, some significant differences exist amongst both between them.
For instance, how they manage transactions is one of the main differences. Due to the proof-of-work (PoW) consensus algorithm used by Ethereum on the backend, although they recently upgraded the network to Proof-of-work, Ethereum’s transaction processing times and fees may still be slowed down. The delegated proof-of-stake (DPoS) technique used by EOS, on the other hand, enables faster and more scalable transactions.
The programming languages that they support are a further distinction. EOS supports several languages, including C++ and JavaScript, whereas Ethereum employs its own programming language, Solidity. Developers proficient in a specific language may find it simpler to build on EOS as C++ and JavaScript are one of the most famous and used languages worldwide.
In contrast to EOS, Ethereum uses gas to cover the cost of executing smart contracts and transactions. Ethereum also has a separate token economics structure. On the other hand, EOS tokens are used to pay for network services like storage, bandwidth, and network transactions.
Regarding governance, Ethereum takes a more decentralized approach, allowing holders of its native token, Ether, to vote on protocol improvements. A more centralized method is used by EOS, where token holders may choose the block producers who run the network and approve transactions.
EOS and Ethereum are ideal for various use cases, and each has advantages and disadvantages. In comparison, Ethereum focuses more on decentralized governance and intelligence, while on the other side, EOS is more concerned with scalability and speed.
Where to buy EOS Coin:
EOS is listed on many decentralized as well as centralized exchanges, including Bitget Global. You can easily buy EOS Coin From Bitget.
How to buy EOS Coin?
As mentioned above, you can buy EOS on any decentralized or Centralized exchange. However, if you are a newbie, we highly recommend using Bitget because Bitget is considered one of the safest exchanges for both Spot and futures trading.
Below is the step-by-step Guide on How to Buy EOS Coin from Bitget.
1. Create account
To purchase EOS, first log in to your Bitget account. If you don’t have a Bitget account, create one by simply visiting the Bitget.com.
After that, either put your email in Sign Up or click on Sign-up Icon in the upper right corner. Once you click, a registration page will appear.
2. Select Spot
Once the account is created, click on Spot and then Spot trading, available in the header section of Bitget. An Inner Page will open with Trading Chart in the center and Order Book on the right while Coin’s name with USDT Pair on the left side.
Now, click on the search bar on the left side and search “EOS.” The EOS/USDT Pair will be displayed; now click on it. As you click on EOS/USDT Pair, the EOS Price on the right side Order Book will be displayed along with EOS Trading Chart.
3. Buy EOS
On the order book, select a price you are willing to buy EOS. Scroll down the center section and Click on Buy Button to buy EOS Coins. Note that if you haven’t selected the market price, it will create as a limit order automatically. Once the price of EOS matches your order price, the order will be filled.
Is EOS a Good Investment?
Before investing in EOS or any other cryptocurrency, it’s crucial to research and consider your risk tolerance. EOS has been one of the more successful blockchain projects, and it has a large and active community of developers and users. The platform is a compelling choice for decentralized application development due to its emphasis on scalability and performance and its built-in capabilities like a web-based wallet and a self-describing database schema.
Additionally, EOS features a distinctive governance structure that allows token holders to vote on network modifications, which may be seen favorably by some investors. However, it’s important to note that the cryptocurrency market is highly volatile, and the value of EOS can fluctuate significantly. The price of EOS is also closely tied to the platform’s success and adoption of decentralized applications built on it. So, as the ecosystem grows, the price of EOS tokens will also increase.
Based on these facts, EOS can be considered a good investment, but the risk is still involved.
EOS Price Prediction:
Talking about the future potential of EOS, our Chart Analysis speculates that it has the potential to reach $60 by 2030. If you look at this 1-week timeframe trading view chart of EOS Coin, it already set up an all-time high of $14 in the last bull run.
As the ecosystem is growing and developers are continuously working on upgrading the network, the possibility is high that in the next bull run, it might reach $20 to $25. However, when it comes to the long term, our analysis experts believe the EOS price will be above $40 based on how it performed historically by the end of 2025.
Why is EOS going up?
As mentioned above, it’s critical to remember that the value of EOS is highly speculative and subject to large swings. However, some positive aspects are contributing to its higher trends, such as:
- Increased adoption: The demand for EOS tokens rises as more people start utilizing the EOS network and developing decentralized applications on it, which may result in a price increase.
- Positive developments: Investor mood may improve, and the price of EOS may rise if there are positive developments on the EOS platform, such as new collaborations, decentralized applications, or network upgrades.
- Market sentiment: The market’s general state can impact the cryptocurrency market, and if the market is generally positive, the price of EOS may rise.
Is EOS safe?
There is some risk associated with using blockchain technology or other cryptocurrency-related technology. However, the EOS platform has been built with a decentralized governance structure and a robust consensus process which is considered to be very secure and dependable.
It’s crucial to remember that the security of any investment in EOS or another cryptocurrency ultimately depends on the user’s own risk tolerance and due diligence. However, compared to other cryptocurrencies, EOS is much safe to invest in.
We Coin-Labs.com provides only objective information about EOS.
Therefore, we are not responsible for the investment decision in EOS and the resulting loss.
EOS Basics
Here are some factors that investors should consider before investing in EOS.
| Cryptocurrency Features | EOS (EOS) |
|---|---|
| Publisher or Developers | Brendan Blumer & Dan Larimer |
| Headquarters (Registration Number) | Cayman Islands |
| Symbol | EOS |
| Platform | |
| Published Date (CMC Registration) | 2024-11-01 |
| Max Supply | 2,100,000,000 EOS |
Reliability Score of EOS in 2024
These are indexes mesuring the investment reliability of EOS conducted by Coin-Labs.com.
| Investment Reliability Rating Items | Scores and Current Status |
|---|---|
| Company Activation Rate | 6.9 / 10.0 CAR |
| Communication Rate | 9.7 / 10.0 CR |
| Technology Transparency Rate | 7.2 / 10.0 TTR |
| Development Participation Rate | 7.7 / 10.0 DPR |
| Listing Status on the World's Top 10 Exchanges | Listed on 8 Exchanges |
| Number of Available Pairs Worldwide | 708 Pairs |
| Market Cap of the Cryptocurrency | 783,097,296 USD (Rank #84) |
The table above shows the result of investment suitability evaluation for EOS.
Check out how we evaluate cryptocurrencies on the crypto rating description page.
EOS Price
Here are the price and recent trading volume of EOS. (Data of 2024-11-02 00:37:00)
| Price Items | Price and Trading Volume of EOS |
|---|---|
| EOS Price | 0.439 USD |
| Price Change 24h | -2.12% |
| Price Change 7d | -6.88% |
| Trading Volume 24h | 57,953,320 USD |
| Trading Volume Change 24h | 11.60% |
Cryptocurrency Metadata
You can check the development status and social media information of EOS through the links in the table below.
| Metadata Source | URL |
|---|---|
| π Official Website | https://eosnetwork.com/ |
| π White Paper | https://eosnetwork.com/blog/category/eos-blue-papers/ |
| π°οΈ Source Code (GitHub) | https://github.com/AntelopeIO/leap |
| π¦ Twitter | https://twitter.com/EOSNetworkFDN |
| π€ Reddit | https://reddit.com/r/EOS |
| πΊ Message Board | https://eosnetwork.com/blog/ |
Where to Buy EOS
Here are the top ten world crypto exchanges where traders can buy EOS in 2024.
| Top10 Exchanges | Listed Status | Page URL |
|---|---|---|
| Binance | Listed | https://www.binance.com/en/trade/EOS_BTC |
| Coinbase | Listed | https://pro.coinbase.com/trade/EOS-USD |
| Kraken | Listed | https://trade.kraken.com/ko/charts/KRAKEN:EOS-USD |
| KuCoin | Listed | https://trade.kucoin.com/EOS-USDT |
| Bitfinex | Listed | https://trading.bitfinex.com/t/EOS:USD?demo=true |
| OKX | Not listed | |
| Huobi | Listed | https://www.huobi.com/en-us/exchange/eos_usdt |
| Bitstamp | Not listed | |
| Bybit | Not listed | |
| Gate.io | Listed | https://www.gate.io/trade/EOS_usdt |
Frequently Asked Questions
What is the current price of EOS?
EOS price today is 0.439 USD. Furthermore, the price of EOS has fluctuated by -2.12% from 24 hours ago, and by -6.88% from a week ago.
Where is EOS listed?
Currently, it is listed on a total of 8 among the world top 10 exchanges.
What is the market cap of EOS now?
Currently, EOS has a market cap of 783,097,296 USD, which is ranking 84 among cryptocurrencies worldwide.
How much is the trade volume of EOS?
Currently, 1,524,632,094 EOS coins are circulating through 708 market pairs. As a result, in the last 24 hours, 57,953,320 USD of EOS coins were traded in the market.
