{"id":597,"date":"2021-04-12T13:11:44","date_gmt":"2021-04-12T13:11:44","guid":{"rendered":"https:\/\/crypto.homochi.com\/news\/?p=597"},"modified":"2021-06-03T08:03:46","modified_gmt":"2021-06-03T08:03:46","slug":"what-is-eos-cryptocurrency-and-used-for","status":"publish","type":"post","link":"https:\/\/crypto.homochi.com\/news\/2021\/04\/what-is-eos-cryptocurrency-and-used-for\/","title":{"rendered":"What is EOS Cryptocurrency | and used for?"},"content":{"rendered":"<h3>Is EOS a good investment<\/h3>\n<p id=\"block-49484e71-2ecf-4074-9758-bf589b0ea5b4\" class=\"block-editor-rich-text__editable block-editor-block-list__block wp-block is-selected rich-text\" tabindex=\"0\" role=\"group\" aria-multiline=\"true\" aria-label=\"Block: Heading\" data-block=\"49484e71-2ecf-4074-9758-bf589b0ea5b4\" data-type=\"core\/heading\" data-title=\"Heading\">This Article talking about the cryptocurrencies EOS, is it a good investment in Next Generation? And is it or any relative with Ponzi Scheme\u2026\u2026.. You can also check our blog for update <a href=\"https:\/\/crypto.homochi.com\/news\/category\/crypto-news\/\">crypto news<\/a>&#8230;&#8230;<\/p>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-e5c37802-5c6e-491f-9ca7-435107d70e12\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #7bdcb5; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #7bdcb5;\" aria-controls=\"ub-content-toggle-panel-0-e5c37802-5c6e-491f-9ca7-435107d70e12\" tabindex=\"0\">\n\t\t\t<h5 class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-e5c37802-5c6e-491f-9ca7-435107d70e12\" style=\"color: #000000; \">Price<\/h5>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-e5c37802-5c6e-491f-9ca7-435107d70e12\">\n\n<script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/coinMarquee.js\"><\/script><div id=\"coinmarketcap-widget-marquee\" coins=\"1,1027,1765\" currency=\"USD\" theme=\"light\" transparent=\"false\" show-symbol-logo=\"true\"><\/div>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-e373410a-a750-4eb6-add6-3ebc6f839db8\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #8ed1fc; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #8ed1fc;\" aria-controls=\"ub-content-toggle-panel-0-e373410a-a750-4eb6-add6-3ebc6f839db8\" tabindex=\"0\">\n\t\t\t<h5 class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-e373410a-a750-4eb6-add6-3ebc6f839db8\" style=\"color: #000000; \">What is EOS<\/h5>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-e373410a-a750-4eb6-add6-3ebc6f839db8\">\n\n<p>EOS is a platform that\u2019s constructed to let developers to construct decentralized apps (otherwise known as DApps for short.)<\/p>\n\n\n\n<p>The project\u2019s goal is comparatively simple: to make it as straightforward as possible for programmers to embrace blockchain tech \u2014 and make sure that the network is easier to use than rivals. As a result, tools and a range of educational resources are supplied to assist developers who desire to construct functional apps quickly.<\/p>\n\n\n\n<p>Other priorities add giving better levels of scalability than other blockchains, several of which can only handle less than a dozen transactions per second.<\/p>\n\n\n\n<p>EOS additionally aims to inhale the encounter for users and businesses. While the plan tries to give better security and less friction for consumers, it additionally vies to unlock flexibility and compliance for enterprises.<\/p>\n\n\n\n<p>EOS launched rear in June 2018. <a href=\"https:\/\/eos.io\/\" rel=\"noreferrer noopener\" target=\"_blank\">OFFICIAL WEBSITE<\/a><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">\u00a0Founders of EOS<\/h4>\n\n\n\n<p>The EOS platform was developed by the firm Block.one, and its white money was authored by Daniel Larimer and Brendan Blumer.<\/p>\n\n\n\n<p>Both men keep going to be members of Block.one\u2019s executive team, with Blumer representing as CEO and Daniel Larimer as CTO.<\/p>\n\n\n\n<p>Blumer is a serial entrepreneur, and one of his earliest ventures entailed selling virtual assets for video games. He went on to co-found Okay.com, a digitally focused genuine estate agency in Hong Kong.<\/p>\n\n\n\n<p>Larimer is a tool programmer who has additionally begun a series of crypto ventures. They add the crypto trading platform BitShares and the Steem blockchain.<\/p>\n\n\n\n<p>The two talent met in 2016 and formed Block.one the following year.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-b8cbed32-4323-4437-a842-c24df901efb0\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #cf2e2e; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #cf2e2e;\" aria-controls=\"ub-content-toggle-panel-0-b8cbed32-4323-4437-a842-c24df901efb0\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-b8cbed32-4323-4437-a842-c24df901efb0\" style=\"color: #ffffff; \">Basic Data<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-b8cbed32-4323-4437-a842-c24df901efb0\">\n\n<p>Cap Circulation: 1.02Billion Token<\/p>\n\n\n\n<p>Update mined: around 953m Token<\/p>\n\n\n\n<p>A total of US$4.02 billion was raised in the process, and investors from the U.S.A. were unable to take part. Looking at the breakdown of how tokens were distributed, 10% were allocated to the founders, while 90% were distributed amongst investors.<\/p>\n\n\n\n<p>It is worth noting that Block.one won\u2019t receive this allocation straightaway \u2014 instead, it\u2019ll happen over a 10-year period.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-7862c5e5-2815-4c39-9c08-d89b19643fff\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #00d084; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #00d084;\" aria-controls=\"ub-content-toggle-panel-0-7862c5e5-2815-4c39-9c08-d89b19643fff\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-7862c5e5-2815-4c39-9c08-d89b19643fff\" style=\"color: #ffffff; \">My Conclusion<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-7862c5e5-2815-4c39-9c08-d89b19643fff\">\n\n<p>The market through the forces of supply and demand. Simply put, love more importantly assets, the worth of EOS is as said by how much someone is willing to give. Global distribution intends the tag of EOS is positive globally. Over there can be microscopic variations between exchanges, but big differences can\u2019t occur because traders are forever on the lookout for arbitrage opportunities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Bull views: <\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Speed is one of the big selling points of the EOS blockchain with the goal of handling millions of transactions per second.<\/li><li>EOS is developer-friendly with a web toolkit and built-in operates as an example role-based permission.<\/li><li>The EOS network is constructed for fixed-rate inflation of 5% a year. This will be utilized to pay miners for validating transactions and generating blocks, moreover to sponsor 3 DApp proposals that are selected by consensus. As a result, fees are virtually eliminated for users.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">But we still need to consider the Weaken point:<\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>There&#8217;s over ever. Not just Ethereum. With NEO production betterment and <a href=\"https:\/\/crypto.homochi.com\/news\/2020\/05\/what-is-cardano-used-for\/\" target=\"_blank\" rel=\"noreferrer noopener\">Cardano<\/a> speeding ahead, EOS requires beginning winning more than developers to construct useful &#8221; DApps &#8221; on their blockchain.<\/li><li>With the greatest ICO in history ($700million), it\u2019s surprising that EOS doesn&#8217;t have a fully-working product yet. This has delivered Numerous investors frosty feet. The age-old debate that plagues Countless cryptocurrencies additionally haunts EOS. Numerous begin out with promises of centralization as reported by Satoshi Nakamoto\u2019s unique white-paper. In the end, compromises are frequently composed in the interests of scalability, partnerships, and a viable product. The microscopic number of block producers furthermore the risk of low voter turnout calls the principle of democratic governance on the EOS platform into question. The fact that users can\u2019t audit the network without running a full-node analysis additionally composed decentralization claims questionable.<\/li><\/ul>\n\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-a4442f9b-01b8-482a-8d50-326dc9c30056\" data-mobilecollapse=\"false\" data-desktopcollapse=\"true\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #cf2e2e; \" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #cf2e2e;\" aria-controls=\"ub-content-toggle-panel-0-a4442f9b-01b8-482a-8d50-326dc9c30056\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-a4442f9b-01b8-482a-8d50-326dc9c30056\" style=\"color: #ffffff; \">Warning and Rewards<\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"false\" class=\"wp-block-ub-content-toggle-accordion-content-wrap ub-hide\" id=\"ub-content-toggle-panel-0-a4442f9b-01b8-482a-8d50-326dc9c30056\">\n\n<p>Nothing shared by way of 3hkmarket constitutes an investment recommendation, nor own any info or content material posted by the use of 3hkmarket be relied upon for any investment. 3hkmarket strongly recommends that you simply carry out your very own unbiased research and\/or talk with an authorized investment skilled sooner than making any monetary decisions.<\/p>\n\n\n\n<p><strong>Disclamation: <\/strong><\/p>\n\n\n<div style=\"background-color: #000000; border-width: 2px; border-color: #fcb900; \" class=\"ub_call_to_action wp-block-ub-call-to-action-block\" id=\"ub_call_to_action_e00d5b53-9963-4447-93de-314f5c05ac0d\">\n\t\t\t<div class=\"ub_call_to_action_headline\">\n\t\t\t\t<p class=\"ub_call_to_action_headline_text\" style=\"font-size: 30px; color: #ffffff; text-align: center; \">Join the world&#8217;s largest crypto exchange<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_content\">\n\t\t\t\t<p class=\"ub_cta_content_text\" style=\"font-size: 17px; color: #ffffff; text-align: center; \">Binance.com<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_button\">\n\t\t\t\t<a href=\"https:\/\/www.binance.com\/en\/register?ref=LJW1QAACu0026utm_campaign=web_share_copy\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" class=\"ub_cta_button\" style=\"background-color: #00d084; width: 250px; \">\n\t\t\t\t\t<p class=\"ub_cta_button_text\" style=\"font-size: 21px; \">Sign up Binance<\/p>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\n<div style=\"background-color: #8ed1fc; border-width: 2px; border-color: #ECECEC; \" class=\"ub_call_to_action wp-block-ub-call-to-action-block\" id=\"ub_call_to_action_817967c4-735c-48a7-bc81-eaefe1d582ef\">\n\t\t\t<div class=\"ub_call_to_action_headline\">\n\t\t\t\t<p class=\"ub_call_to_action_headline_text\" style=\"font-size: 27px; text-align: center; \">Create account for Nexo Master Card <\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_content\">\n\t\t\t\t<p class=\"ub_cta_content_text\" style=\"font-size: 21px; text-align: center; \">for free<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_button\">\n\t\t\t\t<a href=\"https:\/\/nexo.io\/nexo-card?referral=IT66lV0u0026refSource=copy\" target=\"_self\" rel=\"noopener noreferrer\" class=\"ub_cta_button\" style=\"background-color: #324be2; width: 250px; \">\n\t\t\t\t\t<p class=\"ub_cta_button_text\" style=\"font-size: 17px; \">Create Nexo account<\/p>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\n<div style=\"background-color: #00d084; border-width: 2px; border-color: #cf2e2e; \" class=\"ub_call_to_action wp-block-ub-call-to-action-block\" id=\"ub_call_to_action_02924b9e-bab7-4dd9-9923-da5db5e58dcc\">\n\t\t\t<div class=\"ub_call_to_action_headline\">\n\t\t\t\t<p class=\"ub_call_to_action_headline_text\" style=\"font-size: 28px; color: #ffffff; text-align: center; \">open Crypto.com wallet <\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_content\">\n\t\t\t\t<p class=\"ub_cta_content_text\" style=\"font-size: 18px; color: #ffffff; text-align: center; \">Both of us get US$25.<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_button\">\n\t\t\t\t<a href=\"https:\/\/platinum.crypto.com\/r\/48sectpa46\" target=\"_self\" rel=\"noopener noreferrer\" class=\"ub_cta_button\" style=\"background-color: #fcb900; width: 250px; \">\n\t\t\t\t\t<p class=\"ub_cta_button_text\" style=\"color: #000000; font-size: 16px; \">Collect $25.<\/p>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\n<div style=\"background-color: #f0f902; border-width: 2px; border-color: #05ff09; \" class=\"ub_call_to_action wp-block-ub-call-to-action-block\" id=\"ub_call_to_action_c19b2175-9006-422a-9edf-5530b38b1024\">\n\t\t\t<div class=\"ub_call_to_action_headline\">\n\t\t\t\t<p class=\"ub_call_to_action_headline_text\" style=\"font-size: 30px; text-align: center; \">Saving for Crypto in BlockFi<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_content\">\n\t\t\t\t<p class=\"ub_cta_content_text\" style=\"font-size: 15px; text-align: center; \">Up to 8% interest rate<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"ub_call_to_action_button\">\n\t\t\t\t<a href=\"https:\/\/blockfi.com\/?ref=961d9f26\" target=\"_self\" rel=\"noopener noreferrer\" class=\"ub_cta_button\" style=\"background-color: #00d084; width: 250px; \">\n\t\t\t\t\t<p class=\"ub_cta_button_text\" style=\"color: #ffffff; font-size: 17px; \">Sign up Blockfi<\/p>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n<\/div>\n\t\t<\/div>\n<\/div>\n\n<div class=\"wp-block-ub-social-share\" id=\"ub-social-share-2ad71c4e-898f-41d0-aaa5-88e1c1e37290\">\n\t\t\t<div class=\"social-share-icons align-icons-left orientation-icons-row\"><a aria-label=\"facebook-logo\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fcrypto.homochi.com%2Fnews%2F2021%2F04%2Fwhat-is-eos-cryptocurrency-and-used-for%2F&amp;title=What%20is%20EOS%20Cryptocurrency%20%7C%20and%20used%20for%3F\" class=\"ub-social-share-facebook-container\" style=\"border-color: #1877f2; 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