With the current bloodbath in the cryptocurrency market which has persisted for over a month with miniscule rise in prices and does not seem to be stopping anytime soon due to regulations and bans kicking in from various countries, people have been wary to invest in this sector. Despite all this, there are some who believe (just maybe that I am one of them) that this is just a small fall like ones we have seen over the previous years. Many believe that holding onto the coins that they have will turn out good and trust is all they need and time is all they need to give.
Now it is true that you may believe there is potential in some coin and invest whole heartedly in it and it is a great thing to do as long as that money is not something you do not mind losing as only a few educated ones in this field will survive this mania but it is always better to diversify your investments and also keep yourself up to date about the coins that are coming to the market as with time, improvements and adjustments follow. So this article is about EOS which some think will take over the widely used ethereum.
EOS seems to be a direct competitor of Ethereum. The EOS.IO software introduces a new blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. It is a platform like ethereum that will support DAPPs. The major differences come in the ease of use and the scalability which has been a major issue for ethereum. It has inbuilt tools that will help to control and monitor information flow without too much complication.
Dan Larimer is the founder of EOS. He is the founder of two successful crypto coins STEEM and Bitshares. He is an enigmatic programmer who is a visionary architect and engineer.
Every new investor in the market thinks in terms of price per coin. They assume its potential through its price. One should think in market cap to truly know it’s potential. The trading volume instantly spiked as soon as it was released as the token was heavily hyped and its ICO was unique. 72% of the total supply is in circulation as of now. It is ranked ninth on coinmarketcap.
Despite all this, it is important to know that EOS is still a concept and till it has been tested and proved it remains a pipedream and investment gamble. That said, it price would likely rise by 30% when it is finished.
