What is EOS in simple words: history, course and how to buy

Back

2019-08-21 00:00:00:

Today, blockchain technology is used not only for Bitcoin, but also for other alternative digital currencies . Among the most popular and reliable are EOS , a cryptocurrency designed to support decentralized commercial applications (DAPPs). It is thanks to this project that one can expect big changes in the technology of carrying out operations in the cryptocurrency system.

What is EOS

The developers themselves to the question - “what is EOS? ”Answer the following: it is an operating system for blockchain applications. It is a free development platform for programmers. Its distinctive feature is its ultra-fast processing throughput. The algorithm of this cryptocurrency will support parallel processing, as well as asynchronous communication, which will help to carry out millions of transactions per second. Today we do not see such speed in any blockchain project. All of this will be an innovative breakthrough in blockchain technology . After all, today the main drawback of the most popular digital currency Bitcoin is just the long time required to carry out transactions.

The EOS cryptocurrency is the platforms internal currency. As for the token standard, it is designated as ERC20, since the Ethereum blockchain is used. The rate of coins, like capitalization, is characterized by slow but steady growth. From some advanced users, you can hear that EOS is the "killer" of Ethereum , because, with similar functionality, it has great scalability, an innovative blockchain management model and zero fees for committed transactions.

The creators of EOS are Block.one, a company registered in the Cayman Islands. The main direction of her activity is the development of high-tech solutions for business, incl. software on the blockchain. The EOS concept was first introduced to the public during the Consensus conference two years ago. The main know-how of EOS is in the development of such software, which will make it possible to create a variety of decentralized applications. As stated on the website of the company itself, in total, it employs hundreds of employees, as well as advisers in many countries around the world.

The most, perhaps, the most important task of the project can be called a significant acceleration, as well as a reduction in the cost of transfers. As for the EOS platform code, its freely available on the largest web service, Github. Community members have the option to send unlimited pull requests (proposals for code changes). However, the final decision is made by Block.one. In general, the company believes that it should not be responsible for the development of any blockchains based on the EOS platform. This should be done by the digital currency community.

History of cryptocurrency

EOS is both a financial structure and an electronic currency at the same time. The largest package of these tokens was put up for sale on June 20, 2017 at the International Blockchain Conference Consensus-2017, which was held in New York. It was then that the history of EOS began. The 1st round of ICO has started, its total duration was five days. Users immediately found out how much EOS was issued in total - the volume of emission of this crypto coin amounted to 1 billion, of this volume 20% was sold already during the first round. The price of the coins was not fixed and changed during each stage of the token sale.

The mission of EOS is to provide developers with all the functionality they need to enable them to develop chain-bound applications. Everything should be the same as in the case of web applications. The creator of the project is a programmer from the USA Dan Larimer. Previously, he had already managed to develop a financial blockchain platform known as BitShares (in 2014). He also became the creator of the social network Steemit (in 2016). Its peculiarity is that registered users can receive crypto coins for publishing content. Both platforms are popular for their high processing speed.

Investors became interested in the new project, mainly because of Larimers reputation. Just a month after the presentation, the first round of investments has already begun. However, there are some investors who do not really trust the developer due to the fact that he left the previous two projects. He himself calls the disagreements in the team itself the reason for his departure and promises that this should not happen with EOS. As Dan Larimer says, thanks to Steemit and BitShares, he was able to become more experienced, gain new ideas. According to him, they were stepping stones for him on the path to developing a much more complex blockchain project.

The share of a participant in the EOS network is directly proportional to the part of tokens that he owns. This is possible with the DPoS protocol used. Thanks to him, the owner of the crypto coins can transfer the right to vote to other users. The official developer of the EOS project skillfully promotes it as the main competitor to Ethereum, paying attention to the main shortcomings of its "enemy". In view of this excitement, users are very actively interested in EOS crypto coins. As soon as information about each successful round appears, a large number of new investors appear who want to invest in this cryptocurrency.

Distinctive features of EOS from other cryptocurrencies

The main thing that makes EOS different from other digital currencies is that it does not charge a commission for each transaction performed. And since transactions are completely free, it is required to partially leave a certain amount of system resources that must later be used to process outgoing operations.

You could also say that EOS is a large server with limited CPU, RAM, and network bandwidth. It is possible to reserve such resources (if a network and CPU is required), as well as their purchase (RAM). In addition, the project has a special feature that allows you to fix bugs in poorly functioning applications, as well as get help in solving legal problems that arise from users.

Any of the operations performed (in the case when an EOS account is used to perform them) partially takes the CPU, as well as network resources. There is a daily amount of reserve, and when you receive a notification that the network or CPU is not enough, you can just wait for the next day when the resources will simply increase.

As for RAM, the situation here is somewhat different. If you purchased RAM, only you own it. It is needed to store any important information regarding your account. Basic usage of EOS assumes 4 KB of RAM. In this case, you do not need to purchase it additionally. However, this state of affairs does not mean that you will not need to buy it at all. In the event that you purchase RAM or sell it, these operations are carried out within the internal EOS market. There is an opportunity to buy RAM at a low cost, and sell it at a much higher cost after demand increases. It should be noted separately that this feature is typical only for RAM. As for the CPU, as well as free network reserves, they can in any case be returned in the same amount of EOS in which they were purchased.

EOS.IO is quite similar to Ripple - just like the latter, it can carry out millions of transactions in literally one second. This, of course, is completely different from twenty or thirty Ethereum transactions, and even more so from three or four Bitcoin transactions. In addition, EOS is more technological (in comparison with Bitcoin and Ether). And therefore, it shows the highest growth rates among other digital currencies. Thanks to the Block One platform, it is possible to conduct 50 thousand transactions every second thanks to the use of smart contracts .

EOS managed to attract an impressive amount of investment ($ 4 billion) from the ICO , which lasted for twelve months. The project was launched almost on time - with a slight delay of several days. Nevertheless, today we can still talk about the merits of EOS, mainly based on the descriptions of its creators. Summing up, we can note the following main differences between EOS and other cryptocurrencies:

about Ethereum, we can say that it is a supercomputer for running smart contracts, while EOS is an operating system, thanks to which its users have the ability to create any decentralized applications without any complexity;
since EOS uses asynchronous communication technology, as well as parallel processing, it is able to process more than one million operations in one second;
also an important feature of EOS is the use of the unique DPoS protocol. In this case, not all miners are responsible for confirming transactions (as, for example, it happens in Bitcoin), but two dozen main owners of assets within a certain block.

If everything that was originally conceived by the EOS developers is successfully implemented, it will be possible to speak of it as an absolute breakthrough in the blockchain world.

How EOS works

EOS.IO uses a decentralized consensus format algorithm that meets the requirements for what the performance of applications in the blockchain should be using the DPOS method (translated from English it means “delegated proof of stake). Based on this algorithm, the owners of tokens in the Ethereum blockchain platform, using the EOS.IO software, have the opportunity to select block creators using a continuous verification system.

Consequently, any coin owner has the opportunity to take part in the creation of new blocks. In addition, anyone can create blocks in an amount proportional to the total number of all other manufacturers. In the case of private blockchain networks, tokens can be used when it is necessary to manage IT employees. According to the EOS developers, they set out to create a complete OS for decentralized applications targeting the internet space. To do this, this operating system provides a number of services: user authentication, rental of Web-servers, cloud storage of information.

With the help of the EOS.IO software technology, developers and active participants in the cryptocurrency market will be able to generate blocks at regular intervals (3 seconds). It happens that the block is not created in the specified time interval. And then a new block is created, and the time period for it is skipped. If it happens that not one, but 2-3 blocks are skipped, more time (from 6 seconds) is allocated in the blockchain for the formation of a new one.

Advantages and disadvantages

EOS supporters argue that the project has a number of undeniable merits:

the already mentioned high speed of transaction processing - literally millions per second;
obvious advantages of the technical order - scalability, asynchronous communication, the possibility of parallel implementation of applications;
according to the official statement of the developers, in the future it is planned to invest over 1 billion US dollars in launching decentralized applications;
a huge developer budget (with the main inflow of investments occurred after the ICO).
emphasis is placed on simplicity and ease of use: readable addresses are provided, there is a possibility of account recovery at the protocol level, no commission for transactions
attention to market needs - Block.one constantly invests in the development of its own project. In addition, the company announced its readiness to support material funds that decided to develop their own projects based on EOS.

Despite the large number of undoubted advantages of EOS, it also has disadvantages that pessimistic analysts like to talk about so much:

investors have no opportunity to influence the project - the funds received during the ICO will be spent as the developers see fit. In other words, it is not at all necessary that all the money will go to the further development of the project;
users never saw the beta version of the product on the market;
the presence of excessively high competition;
"Tainted" reputation of the EOS developer (his departure from BitShares in the event of great difficulties);
too high centralization - software is created by only one company; limited number of block creators (no more than 21); the presence of one implementation of the system (for comparison, there are four of them in Ethereum).

Is there EOS mining?

To mine most of the digital currencies using the PoW algorithm, you need equipment with enormous computing power. To work on the EOS network, the use of such equipment is not required. This platform uses the DPoS algorithm. As for networks that use the PoW algorithm, it is possible that the holders of large pools exercise full control over the blockchain. The consequences may be the adoption of new requirements; setting commission fees, which will play into the hands of miners.

In the case of EOS, mining in the classical sense is impossible. In the network, validation occurs by nodes in wallets that have a significant amount of funds, which means that they received the rights assigned to them by other users (usually this is done by voting for a certain validator). To get user votes, you need to engage in community development, as well as make every effort to develop the project.

EOS is currently being distributed on the Ethereum network. To purchase EOS, you just need to transfer a certain amount of Ethereum to a special address. Then, when the trading is over, the specified volume of tokens will be distributed among all users who made the payment, in direct proportion to the parts contributed by these users.

There is also a more simplified way to get EOS on your account - the usual purchase of these coins on the exchange. Before making a purchase, you need to take care of where this cryptocurrency will be stored and how it will be used in the future. This should be done in the event that you do not plan to store EOS on an exchange wallet. It is worth noting that there is no official wallet for this digital currency. Only the command line wallet was created by the developers. Users wishing to receive it can do it very simply - it is transmitted simultaneously with the EOSIO software. An important point: there is no graphical interface to the wallet, but there are third-party resources that have developed it. However, Block.one did not support any projects. The company turned to users with a proposal - to research the market on their own, and then dwell on the method that is optimal for a particular case. In addition, the company has no intention of creating a hardware wallet either.

The EOS system uses the ERC-20 protocol, so that the storage of this digital currency can be carried out on universal wallets that support this standard. For example, it can be a hardware Ledger Nano S, or Exodus or MyEtherWallet.

The plans of the creators included the addition of EOS to trading held on crypto-exchanges after the end of the ICO. However, these plans changed, and 2 months after the launch, this coin was freely available on crypto-exchanges. After the ICO trading has been completed, you can purchase project tokens only on those crypto exchanges that have trading pairs with EOS.

How do I buy or sell EOS?

There are several ways to buy or sell EOS today:

in crypt exchangers working with popular payment systems (Qiwi, Yandex Money, Sberbank, etc.). These are such exchangers as Prostocash, Baksman, 60 cek. When working with them, you can also use Visa and Mastercard. To make a purchase of these cryptocoins in the exchanger, you must have a wallet in which you will store EOS. You can use the popular Infinito mobile application, or local Exodus and Jaxx wallets. All you need is to create an application, in which you specify the details, the amount of currency you want to buy / sell, the wallet address. The advantages of working with exchangers - prompt execution of the exchange, a large number of payment solutions;
on crypto-exchanges. Here you can not only make an EOS exchange, but also trade this digital currency. After you go through the registration process on a cryptocurrency exchange, a crypto wallet will become available to you, and from it you can withdraw funds to any other that can work with ERC standard tokens. Each of the trading platforms has advantages and disadvantages, however, users basically, they tend to carry out transactions on those that can work with fiat currencies.

Before making your choice on where to buy or change EOS, you should read this article .

You can also buy EOS in our service, here are the popular directions for buying this cryptocurrency:

Of the most popular trading exchanges where you can carry out transactions with EOS, several can be highlighted:

EXMO crypto exchange - started working with EOS back in May 2018. its clients were able to purchase this cryptocurrency for fiat money. The exchange works with dollars, rubles, euros, Ukrainian hryvnia. This site is popular with users due to its low commission (0.1% of the transaction amount), the number of its clients has already exceeded 1.5 million people. There are EOS / BTC trading pairs as well as EOS / USD. To purchase the cryptocurrency we are interested in here, you need to create an account on the official website; top up the balance; go to the Trades section (to select the crypto pair you are interested in); create an order (you can choose an instant purchase by the market, or you can choose a limit execution at a favorable cost). After purchasing EOS, you can store it on the internal wallet of the cryptoexchange, you can also transfer this cryptocurrency to another address;
crypto exchange Binance. A well-known international exchange, on which, however, it is not possible to carry out transactions with fiat currency. Shown here are trading pairs such as EOS / BTC and EOS / ETH;
Livecoin is a crypto exchange where you can fund your balance with both fiat and digital currencies. Existing trading pairs are EOS / BTC, EOS / USD, EOS / ETH. That is, in order to purchase EOS, you must have funds in your account in dollars, bitcoins or ethereums. In the case of replenishing the balance with another currency, first you need to exchange it for one of the three indicated. To make transactions on the crypto exchange, you will need to create and confirm your account, replenish your account, select the trading pair you are interested in, and create an application. It is worth noting that there is a convenient opportunity to top up your balance using a Livecoin voucher. It can be purchased in one of the previously reviewed currency exchangers;
the young BitFlip trading platform also provides an opportunity to purchase the cryptocurrency of interest on favorable terms. Its main advantage is that it provides an opportunity to work with fiat money in various convenient ways. EOS is traded here in a pair with any fiat currency (most of the transactions are carried out by users with the EOS / USD pair). The amount of the commission will depend on the type of the created order.

EOS to ruble rate

As of 08/05/2019, the starting rate of EOS against the ruble was 290.041RUB for 1 EOS. During the day, it slightly decreased, and at the moment the weighted average rate is 277.098 RUB. During the past week, the rate also grew all the time.

EOS to dollar rate

As for how the EOS rate against the dollar changed on 08/05/2019, it is worth noting that the starting rate at the beginning of the day was USD 4.204 per 1 EOS, after which there was a slight increase, and by the middle of the day the EOS rate increased to USD 4.438 (weighted average rate). But in general, during the week one could observe an increase in the rate.

EOS to Euro exchange rate

The growth is also observed in the rate of EOS to €. As of the beginning of the day on 05.08.2019, the starting price of EOS was 3.79 EURO per coin, but by the middle of the day it increased to 3.966 €. The growth of the exchange rate was also noted throughout the past week.

Where to store EOS

Today, finding a suitable solution for storing EOS cryptocurrency is not at all problematic. First of all, in order to become a full-fledged participant in the cryptocurrency market, you will need to familiarize yourself with the varieties of existing EOS wallets and figure out how to create your own.

You need to select and create a wallet to store EOS . While there are no wallets that officially support EOS, the platform adopts the ERC-20 standard. This suggests that you can store EOS in any wallet that is ERC-20 compatible. All crypto wallets can be divided into several types: desktop (local), online, hardware, paper, mobile. All of these wallets take different approaches to securely storing private keys. Lets consider them in more detail:

desktop applications. The most popular desktop crypto wallets for the cryptocurrency in question include Exodus and Jaxx. They are multi-wallets that are available on Linux, Mac Jaxx and Windows. In addition, Jaxx is available on both iOS and Android. These wallets have built-in support for ShapeShift, which makes it possible to make a simple and quick exchange of digital currency;
hardware wallets suitable for storing ERC-20 coins are Trezor and also Ledger Nano S. There is one peculiarity: they first require configuration of the MyEtherWallet interface. These crypto wallets are compatible with Linux, Mac and Windows. Experts talk about such devices as more secure in comparison with the previous type of wallets;
web wallets. Experts believe this is the best choice for storing EOS. In particular, the MyEtherWallet wallet is considered such. It differs from other online wallets in that it is based on open source software. Thanks to this, you have the opportunity to store cryptocurrency not on the companys servers, but on your PC. For this reason, storing funds on MyEtherWallet is much less dangerous than in most other web wallets ;
mobile wallets. We have already mentioned that you can use the Jaxx wallet from mobile devices. In other words, the user has the ability to store ERC-20 tokens on an iOS and Android device. Jaxx has an intuitive interface and can handle a wide variety of digital currencies, making it the best choice for newcomers to the crypto market.

Now you need to choose how you want to buy EOS. We have already said that these coins can be purchased through exchangers, or on large popular cryptocurrency exchanges. In any case, in most cases, there are no problems with the purchase. In addition to the previously considered crypto exchanges, you can also turn your attention to others:

Kraken, which is similar to Binance in many ways. Here you can also get EOS in exchange for ETH and BTC. However, the terms applied on this platform are slightly more flexible. For example, it is possible to top up the balance in fiat currencies (EURO, JPY, dollars, JPY). In addition, it is worth noting the ease of registration on Kraken, as well as fairly small fees. The platform also has a drawback - slow operation in case of significant loads;
HitBTC is a European cryptocurrency exchange that offers a large number of digital currencies, including EOS. Users have the option to top up their balance in USD and EUR. The exchange is considered very easy to use, but it cannot boast of an impeccable reputation: according to HitBTC experts, it cannot be called completely transparent. And therefore investors, in order to avoid unpleasant situations for themselves, should be careful when working on it;
Shapeshift is a crypto exchange that does not require registration and does not request personal data from users. There is another important advantage - here you can buy EOS in exchange for a variety of electronic money. Of the shortcomings, only a relatively high commission can be named, however, in fact, such a fee for the provided service is quite adequate;
Bithumb Bithumb is one of the largest South Korean exchanges. It is also the crypto exchange with the largest number of EOS transactions. But it has a significant drawback - the exchange only accepts KRW (Korean won). In addition, this exchange is unlikely to offer anything useful for advanced traders;
Bitfinex is an exchange where you can directly exchange US dollars for EOS. In this regard, it is becoming more and more popular with users. It is worth mentioning its drawback - a complex interface, which is why it cannot be called the best choice for novice traders;

When it comes to purchasing with cash, in the case of EOS it is almost impossible. The situation is expected to change after the launch of the EOS platforms. Nevertheless, it remains possible to purchase the required amount of BTC on LocalBitcoins, and then exchange them for EOS. This can be done on one of the crypto exchanges listed above. But of course, this process can hardly be called simple.

A number of exchanges provide the ability to pay for cryptocurrency using debit or credit cards. For this purpose, the user is better off contacting CEX.IO or Coinbase. There is also an opportunity to pay with a bank card for any cryptocurrency (for example, it can be Ether or BTC), and then exchange it for EOS. This can be done through Changelly.

With PayPal, users cannot pay for EOS purchases. Transactions can be performed according to the same scheme that is used in the case of credit cards: buy ether or BTC, and then change them to EOS. For this purpose, it is better to use VirWOX or LocalBitcoins. It is better to change cryptocurrency for EOS using Changelly, since these exchanges do not allow such an exchange.

The last stage - the user needs to transfer EOS tokens to his wallet. It should be remembered that you cannot leave tokens on the exchange and not withdraw them. In case you have used any of the reviewed platforms to buy EOS, you must not forget about the need to withdraw tokens to a private crypto wallet. Thanks to this simple action, you will not lose your own funds in the event of bankruptcy or exchange hacking.

How many EOS coins are in nature

Block.one has issued 1 billion tokens. The structure of their sale is as follows: 20% of the shares were immediately sold during the first stage. The next 10% cannot be sold or used in any other way - they were reserved for block.one. The 70% of the total that remained were divided into 2 million tokens. After that, they were distributed in equal parts over 350 successive 23-hour stages of implementation each, starting from July 1, 2017.

At the end of each stage, the number of coins sold will be divided in direct proportion among all authorized buyers. This will take into account the total amount of ETH that was deposited during this particular period. We have already said that there is no direct mining in the case of EOS, and the purchase of this cryptocurrency can be carried out through exchangers or on exchanges. The cost, as well as the volume of distributed tokens, is calculated using a mathematical formula that can be found on the official website of the project. This takes into account the ratio of funds invested in EOS tokens.

Today, EOS is popular with participants in the cryptocurrency market; tokens are actively sold during the second stage of the ICO. Their course is characterized by slow but steady growth. The same can be said for market capitalization.

Cryptocurrency emission

Many users are wondering - was it a coincidence that the emission of EOS happened just at the beginning of the crazy hype around cryptocurrencies? Analysts still cannot give an exact answer. Be that as it may, on the very first day, the amount of investments attracted by the EOCs amounted to 170 million (in US dollars). Thanks to such a flow of investments, the exchange rate jumped sharply, and on the very first day its growth amounted to as much as 300%.

There are a number of differences between issuing cryptocurrencies and issuing fiat money:

most digital currencies are issued in a decentralized manner. Simply put, not one person or company is responsible for the issuance process, but hundreds or even thousands of independent users. There are, of course, cryptocurrencies with a one-time emission, which are issued by one specific developer, but they also have a peculiarity - the issue is made once in a set amount. In the case of fiat money, government agencies issue them at a specified frequency;
paper money is updated from time to time, new notes are issued instead of old ones. There is no such phenomenon in the cryptocurrency market . In simple terms, the digital coin that was mined in 2008 will be absolutely equal to the coin generated in the year 2118;
the release of cryptocurrencies is carried out according to an algorithm developed in advance. There is practically no way to influence this process in any way, to change its speed. Nowadays, blocks are created at a certain interval, the complexity depends on the capabilities of computing technology. The size of the block reward is clearly defined and is reduced according to the established schedule. In other words, everything is foreseen in advance. As for fiat money, their emission is carried out by order of government agencies. In some cases, the issuance of paper notes can be suspended, or vice versa, a very large number of them can be put into circulation.

EOS provisioning

The considered cryptocurrency, one might say, makes it possible to use the "business" device of the network. This requires the fulfillment of a number of important conditions.

This fact also underpins the EOS network of agreements called DPoS (stands for "delegated proof-of-stake" or "delegated proof of stake"). When the traditional PoS algorithm is used, each of the users of the system can act as a network validator. The probability that this particular user will be the earner of the very last block of the blockchain chain is usually in this case equal to the proportional number of the corresponding digital coins lying on his account. If we are talking about EOS, here the validators are chosen by universal suffrage, which is held among the network participants.

Consequently, a "constantly changing user team" is formed, which includes 21 people. They are the ones who will start mining. Accordingly, validators need a significant share of the network to process completed transactions, while users need to participate in elections.

There is a special name for such a structure of the system - "stacking". It is thanks to staking that it becomes possible to carry out financial transactions within the network itself without commission fees. In the case of other digital currencies (for example, Ethereum and Bitcoin), transactions are subject to fees. First of all, staking is a "reservation" of users digital coins for a specific time period in exchange for a resource required to conduct activities on the network.

This includes the following requirements:

NET - network traffic that is spent on the blockchain network when a user performs any action. And this means that the amount of NET received by the user will depend on how many coins are reserved for the share of the network;
CPU (computing power). The more time it takes to complete an operation, the more processor time is needed;
random access memory (RAM).

The first 2 of the listed resources are allocated in direct proportion to the number of tokens contributed by the user for the last developed 3-day contract, which functions according to the principles of staking. In this case, you need to indicate how many cryptocoins will be reserved for the CPU, and how many for NET. When staking EOS, the user will not lose their own funds in any smart contract, but at the end of three days the price of the contract, as well as the capacities that were reserved, will return to the original indicator. After that, it will again be possible to use the returned digital coins for other contracts.

A similar complex consensus model was created, mainly so that any of the users of the system did not need to spend "pledged" assets in digital currency during the duration of each of the smart contracts. In other words, network participants pay funds to the "nodes" of the system, which must process completed transactions and ensure the smooth operation of the Blockchain system.

Consider the third parameter already mentioned above. The RAM reserves needed for this digital platform need to be purchased from the internal RAM market. Their price will be influenced by the total supply / demand. RAM in the blockchain system is used just to store information. In this case, the user must pay his own funds in cryptocurrency for a specific number of bytes in order to carry out the operation.

When any amount of memory is no longer needed, it is possible to exchange it for EOS. In this case, the transaction is executed at the existing rate for the current date. To create a full-fledged dApp based on EOS, you need a fairly large amount of all the above 3 resources. This means that the developer will have to shell out a rather large sum for their purchase. While NET and CPU are by and large not consuming EOS digital coins, funds must still be set aside for the duration of the contract. Accordingly, EOS cryptocoins must be in the developers account so that he can replenish NET, as well as CPU.

In addition, it is worth noting the fact that creating an account for each of the application users in this case will cost the creators about $ 0.5-1.5. In the case of a large number of users, with their number amounting to millions, the developers of blockchain projects on EOS will hardly be able to make a profit.

The future of EOS cryptocurrency

Will it be profitable to invest in EOS, which was created for the development of dApp applications this year?

To summarize our article, it can be noted that today the EOS platform is quite expensive in order to develop dApp-applications on its basis. This is due to the fact that, first of all, in this case, the developer will need to buy quite a lot of EOS cryptocoins, which are necessary to reserve three resources - NET, CPU and RAM. Without this, the system will not be able to function properly.

But, even in spite of such pessimistic opinions, it can be noted that the future of EOS may be quite rosy, since this crypto coin is just beginning to become popular among the creators of Blockchain projects. It is also worth noting that only a small part of those decentralized applications that are already launched and used have more than a hundred active users every day. If we compare the structure of the Ethereum algorithm and EOS, the latter has a number of important advantages. The most significant are the uninterrupted functioning of the system thanks to staking; renewability of two of the three existing resources that make EOS a viable coin. And therefore, it is still impossible to say unequivocally - which of the existing cryptocurrency platforms for dApp development will be the leading one at the end of the current, 2019.

At the moment, ETH continues to be the leader, for this reason the vast majority of investors from all over the world are ready to invest in it. However, EOS is not far behind as it continues to evolve and gain momentum. For this reason, it cannot be simply “discounted” by saying that it is a poorly successful prototype of the Ethereum Foundation. If you invest your funds in the considered digital projects in correctly calculated shares, you can make good money, and at the same time minimize possible risks if one of them fails.