I have been an investor in EOS since August of 2017 and I will have to say that initially I bought in because of the hype... I know, I know, don't fall for the hype! The fact is that I did indeed buy EOS my first time because it was hyped up, and while this typically does not end well, with the mainnet launch eminent and the coin heading up in price I certainly got lucky with this one. Since there is so much going on in the EOS world lately I decided to do a beginners introduction to what exactly EOS is and how it will be used (theoretically) once it launches. Follow The 'Stache as I break it down simply & give my predictions for it's success as a native token.
Lovingly referred to at times as "Ethereum On Steroids", EOS aims to take the smart contract platform to a new level. While there are some similarities to Ethereum (if you don't know what Ethereum really is check out my Ethereum beginners guide here), but EOS is really trying to position themselves as a "decentralized operating system" versus just being an app development platform. The real standout features are that they are working to have an extremely scaleable solution for up to a million transactions per second! In comparison Visa does above 1500 transactions per second, Paypal about 180, Ethereum is in the 20 tx range, and the Bitcoin about 5 per second. If EOS can deliver on this HUGE claim, I think they will truly explode this year with developer usage.
The other major feature that has many chomping at the bit is they plan to completely eliminate user fees to allow for quick and easy deployment of decentralized applications. Remember when CryptoKitties blew up and clogged up the Ethereum network? As an end user, you don't want to have to pay fees to use basic features of a dApp and EOS understands this. These two major features combined with...
READ THE FULL STORY: https://www.cryptostache.com/2018/05/07/is-eos-over-hyped-a-simple-guide-to-mainnet-launch/
