Monday, October 25

What is EOS Coin? Wondering about EOS Coin

EOS Coin, which stands out as a decentralized platform, was founded by a private company block in 2017. So what is EOS Coin? Here are those who are curious about EOS Coin ..

As it is known, parallel to the increase in popularity of DeFi systems, new systems are entering the market every day.

The cryptocurrency industry, which started with the Bitcoin WhitePaper published by Satoshi Nakamoto in 2009, continues with subcoins.

The great interest of crypto currencies, which we have heard in all areas of life, has caused the launch of new crypto currencies such as Eos Coin.

Founded in 2017 by a private company block, EOS Coin uses dPos as its mechanism, making it a block producer instead of mining.

So what is EOS Coin? Where to buy EOS Coin? Here is information about EOS Coin …

WHAT IS EOS COIN?

What is EOS Coin Wondering about EOS Coin 2

EOS aims to be a fully decentralized operating system where industrial-scale decentralized applications can be hosted.

Target use cases include smart contracts, decentralized storage solutions, and DApps environments.

EOS developers claim that thousands of transactions can be calculated efficiently with the dPoS-consensus mechanism. The developers also aim to implement parallel processes in which program processes are shared between multiple processors. Thanks to its unique architecture, they claim that it can be scaled vertically and horizontally, and aims to make processes dull when the project is finished.

WHO INSTALLED EOS?

EOS was founded in 2017 by a private company block. Dan Larimer, the creator of Proof-of-stake (dPoS), STEEM and Bitshares, is the CTO of block.one.

IS EOS MINING DONE?

EOS cannot be generated as proof of work in cryptocurrencies because it uses an authorized proof of stake system. Instead, block producers create new blocks and are rewarded with newly generated EOS tokens for each block they generate.

Block producers are prevented by a limit mechanism that prevents the total annual token supply from increasing by more than 5%.

EOS token holders also have the power to unanimously dismiss block producers that they believe do not conform to EOS ideals.

WHAT IS EOS DIFFERENT FROM OTHER CRYPTO COINS?

Proof-of-stake is used as a consensus mechanism in EOS. In addition, it is aimed to be highly scalable by using parallel execution and asynchronous communication methodology.

WHAT IS THE TOTAL AMOUNT OF EOS IN THE ROAM?

The total amount of supply is 1,000,000,000. There is an annual inflation rate of up to 5 percent and the maximum supply is infinite.

WHERE TO BUY EOS?

It is possible to buy EOS from many cryptocurrency exchanges. EOS is currently listed on Binance, Coinbase, Bitfinex and Huobi Global markets.