Topic: What are the benefits of EOS? (Read 267 times)

It was just a comment, not a life changing course of action. But thanks (genuinely thanks) for the concern. Truth be told - I am not investing in anything at this point other than BTC. I have bits of fractions of alt coins, a very small percentage of which is in ETH.

1 - What is EOS?

EOS has attained celebrity-like status in the cryptocurrency market - on the back of a very successful ICO, and because it’s seen a healthy rise in its price ever since news of its mainnet hit the markets.

EOS: The Basics

EOS is a decentralized operating system based on blockchain technology.  It is designed to support of decentralized applications on a commercial-scale by giving all the required core functionalities. These enable businesses to build the blockchain applications in a manner that stays similar to that of web-based applications.

This blockchain network has also claimed to remove transaction fees and conduct millions of transactions within a second.

The token name is EOS.
It has a few major notable tech designs, such as DPoS consensus, 100,000+ TPS, zero transactional fees, ability to alter codes, etc.

EOS Development

At BlockShow Asia, on November 29, 2017, Block.one revealed a publicly available testing environment, known as EOSIO Single-Threaded Application Testnet (EOS STAT).   
The entire plan of EOS was published in 2017 in a whitepaper.
The EOSIO platform was developed by a private company, Block.one and was further released as an open-source software on June 1, 2018.
To ensure that the native tokens were distributed widely at the launch of the blockchain, around a billion tokens were sold on the Ethereum platform by Block.one. This provided a distribution network that everyone who owns the token can start using it once the EOS blockchain software is released.
10% of these tokens are reserved for Block.one. Total of 20% EOS tokens was sold on Ethereum in the first 5 days of the entire 341 days long token sale. The remaining 70% tokens, that stand under the majority, are to be sold and produced at market value.     

The startup, EOS ICO, managed to get $170 million in the first step, regardless of critics from numerous representatives on the blockchain community.

EOS is presently the fifth leading cryptocurrency of the world by market capitalisation.

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EOS seems to be very popular, can buy some when the price is low?

Eos is gaining some ground over ethereum of recent due to the following reasons

• Governance on the EOS blockchain are carried out through proof of stake. The higher number of tokens you have determine your voting capacity resulting to giving power to very few billionaire/eaely investor
• Using the EOS blockchain is free,  there's no transaction fee making the blockchain more attractive to developers
• EOS sacrificed her decentralisation to increase capacity and speed over Ethereum. Making it faster when executing a transaction, i.e the transaction per second on the EOS blockchain is faster than ethereum

Source

If your opinions are swayed by just a topic post like this, then it looks like you're not doing your own research and should not be investing in the first place.

And with the people who say the advantage of EOS is that transactions are free and fast, well, any project can be fast and free when talking about transactions, if it's centralized. PayPal and Venmo is fast, ain't it? There's a reason why bitcoin is slower than your typical centralized cryptocurrency; because bitcoin is decentralized, and is miles secure compared to others.

That's totally your decision and take note that the OP was not in any way at all giving any trading advice,and what you propose doing IMO is off-key and probably may not end pretty for you

So... maybe I should dump my (very small) cache of ETH and invest in some EOS...   

I have read that EOS is a much more popular platform for developers when it comes to building dApps compared to ETH for example. This is mainly due to the faster and free transactions available with EOS.

Take a look at this comparison about EOS vs Ethereum dApps
https://medium.com/@eosfishforums/comparison-eos-vs-ethereum-dapps-57775ae15868

Well the EOS ecosystem has relatively good and users has a wider range of its use for cryptocureency. It was alway advertise on youtube with the ecosystem benefits of Eos. Trading, investing and other crypto functions that is vital to an investors is there already. The communitt is also good and supportive on the project so that is why its market cap or the EOs listing in coinmarketcap.com landed in the higher part of the rank. You could be the one of the community OP.

Parallel processing which enables higher transaction speeds and much more scalability.

Basically, EOS has three unique features:
over one million TPS (Transaction per second)
EOS is free to use
EOS is compatible with EVM and several programming languages.
Here's an article that I think is really helpful for beginners: https://www.dapp.com/article/simple-facts-about-EOS

Zero transaction fees and transactions are fast, as mentioned before. EOS is definitely gonna kill the potential of Ethereum in a few months.

To put it plain, EOS is like an 'Operating system(OS)' for decentralized application (DAPPS).

It comes with good qualities like;

• it's high transaction speed & scability
• Free transaction fee is another great advantage

These qualities attracts developers into utilizing the platform. Every application on built on EOS platform is linked or connected  as they share information making development easier and faater

well the transactions are pretty fast + its easy to create dapps with eos

I have recently come across a number of projects with the tokens released on the basis of EOS. What's the reason behind it?