Kakashi2020 Posted January 16, 2021 Share Posted January 16, 2021 EOS token was launched through an ICO in June 2017. EOS’s platform, which was expected to launch in June 2018, is due to be a direct competitor to Ethereum and NEO. EOS has been created by Dan Larimer who is also the founder of the cryptocurrency exchange Bitshares and blockchain-based blogging site Steemit. EOS is building a platform for developers to build decentralized applications and smart contracts, but with a vast improvement in technology. Pros of EOS EOS is supposed to be much more scalable than Ethereum because it uses an advanced mechanism (Delegated Proof-of-Stake + Byzantine Fault Tolerance) to verify transactions. It is allegedly capable of achieving 10,000-100,000 transactions per second. Unlike some of the other top cryptocurrencies, EOS supports multiple languages, including C++. EOS has a highly experienced team with a proven track record. Cons of EOS The biggest issue is that the platform has still not been launched so no one knows for sure how good or bad it actually will be. Historical performance Launched in July 2017, EOS raised $700 million in its ICO over by the time January 2018 came by. It has raised even more since then. All things considered, EOS is undoubtedly one of the top cryptocurrencies for 2021. Quote Link to comment https://slingbank.com/forums/topic/9924-eos-review/ Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.