EOS is the eighth offering to appear on SMART VALOR’s trading platform. This listing gives SMART VALOR users access to the seventh-largest cryptocurrency by market cap, which totals nearly $2.25 billion and sees daily trading volumes of roughly $2 billion.
EOS is the native token of EOSIO, an open-source blockchain protocol. EOSIO is based on a white paper published in May 2017 and released in June 2018, with major development credit going to developer block.one. EOS garnered $4 billion in its extended ICO — still the largest ICO in history, with more than double the next-largest, that for Telegram’s currently stalled TON token.
Despite being relatively new, EOSIO forms the basis for many of the most promising and powerful pieces of enterprise software and decentralized applications (dApps) in the industry.
Block.one’s CTO, Daniel Larimer, was also responsible for the first successful blockchain-based social media platform, Steemit, which rewards users for their content with native token, STEEM. Block.one’s work on EOSIO continues Larimer’s long-term work on decentralization.
In October, EOSIO was upgraded to its 2.0 version, which promises faster smart contracts and, critically, easier development of new dApps to solve new problems.
Using EOSIO, developers have created dApps running the gamut from games, gambling and social media to tools for managing healthcare and finance data.
According to DApp Radar, over 500 dApps run on EOSIO’s protocol, making it second to Ethereum in terms of functioning applications. This is particularly impressive given that the average dApps built on EOSIO sees much more regular use than an average Ethereum dApp.
EOSIO aims to expand its share of the market thanks in large part to its transaction speed, which makes it attractive to applications that look to avoid Ethereum’s issues with overcrowding. Moreover, EOSIO’s network allows for feeless transactions. Rather than charging a fee, it finances operations by gradual inflation of the EOS token.
Relying on proof-of-stake for its validation, EOSIO depends on substantially less hardware power and, consequently, has a far smaller environmental footprint than proof-of-work cryptocurrencies like Bitcoin. For this reason, proof-of-stake is a mechanism that has been growing in popularity for years, with Ethereum looking to transition from proof-of-work in coming updates.
SMART VALOR is pleased to present our users with the chance to own and trade a part of an exciting network in the form of the EOS token.
Further resources:https://eos.io https://medium.com/eosio/eosio-resource-allocation-proposal-4cd50a58741 https://www.forbes.com/sites/jpreissler/2019/03/28/eos-leads-the-way/ https://coinmarketcap.com/currencies/eos/
Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision.