INSUBCONTINENT EXCLUSIVE:
EOS.IO is an open-source platform that's designed to enable developers to construct decentralised appsThe increase of cryptocurrency over
the past 2 years has actually been undoubtedly impressive
Yet, the variety of people entering the marketplace or trading in cryptocurrencies is revealing no signs of fatigue
Today, there are more than 16,000 virtual coins traded, which are based upon numerous blockchain networks, according to CoinMarketCap, a
marketing research company
EOS, which represents Electro-Optical System, is simply one of them
Introduced in June 2018, the blockchain rapidly picked up steam and attracted the attention of investors and developers alike
At one time, it was even thought about an Etherum killer
What is EOS?The EOS.IO is an open-source platform that's created to enable designers to construct decentralised apps, also known as dApps
The cryptocurrency that obtains the network is called EOS
A year before its launch, the whitepaper for its software application was launched
The project's goal is to make it simple for developers to accept blockchain technology
It intends to attain that by guaranteeing its network is simpler to utilize than rivals
The other factor that identifies EOS from competitors is scalability
While most of its competitors can less than manage a dozen deals per second, EOS promises to be method ahead of them.Who are its
founders?The platform was released by Block.one, a software application business specialising in blockchain innovations, and was founded in
Block.one executives Daniel Larimer (CTO) and Brendan Blumer (CEO) authorised the EOS whitepaper
One of Blumer's very first businesses was offering virtual video game elements
Larimer has actually also introduced a variety of cryptocurrency jobs, consisting of the BitShares trading platform and the Steem
blockchain.Why is EOS different?The business declares that it has the capacity to handle the requirements of at least numerous dApps
EOS crypto tokens are also produced and earned in an unique method compared to Bitcoin mining
Users develop the needed quantity of blocks and are rewarded with fresh EOS coins for each block they produce
The EOS blockchain is typically considered a major and direct competitor to the Ethereum blockchain.There are more than 936 million EOS
coins in circulation today with an overall supply of 1.02 billion coins
Block.one started a preliminary coin offering for EOS in June 2017 and it lasted for a year
A total of $4.02 billion was raised
