Emily Clarke

What is EOS in Crypto?

When cryptocurrencies first hit the mainstream, big names like Bitcoin dominated headlines. As crypto came to be embraced as a trading resource, enthusiasts began creating new coins and expanding existing technologies. Today, there are 20,000 different options out there, and while some are meme coins, others are to be taken more seriously.

EOS is one of the cryptocurrencies that has received attention as a serious contender in recent years, and crypto enthusiasts and traders believe EOS' commitment to the elimination of transaction fees is one of the coin's selling points.

A Brief History of EOS

EOS was developed in 2017 by Block.one and released the following year. The coin is part of the EOSIO blockchain and is currently in open-source format. EOS has been used by Everpedia, an online encyclopedia, to ensure free access to information across the Internet. Everpedia is a for-profit entity that has used EOS blockchain technology to secure information on the web to preserve it and pass it along to areas of the globe where access to sites like Wikipedia is restricted.

The Technology Behind EOS

Like Ethereum, EOS can utilize smart contracts. These are programs that execute orders when specific conditions have been met. Developers can use dApps on the EOS blockchain, and investment provides an equal share of holdings-to-bandwidth percentage on the blockchain. Someone with a 5% ownership of EOS is provided 5% of the blockchain's bandwidth.

Is EOS a Good Investment?

Like all crypto investing, there is a risk involved in buying or selling any coin. You can check the EOS price daily using various trackers on exchanges, but crypto technology bloggers often use APIs to deliver the latest EOS price.

As for whether EOS is a good investment or not, this will depend on your goals and your risk tolerance. Anyone considering crypto investments is encouraged to work with a financial advisor to discuss the risks and benefits of incorporating crypto into a financial portfolio.

Disclaimer: The above is not financial advice. Speak with your financial advisor about the risks involved in investing in cryptocurrencies.

Author Resource:-

Emily Clarke writes about portfolio management, finance tracking and Consumer SaaS services. You can find her thoughts at financial tools blog.