About EOS And Where To Trade It

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What is EOS?

EOS is the brainchild of Dan Larrimer, the founder of BitShares and Steem. He developed EOS has a structural response to a cryptocurrency marketplace problem. EOS is a blockchain technology, with technical similarities to Ethereum, but diverges with the ability to undertake parallel processing whilst have a ‘constitutional’ focussed node guideline system. It is an evolutionary system – with inbuilt future-proofing courtesy of a five percent inflation busting network carriage cost.

Why the big fuss?

EOS is, technically, an operating system platform that allows developers to utilise the blockchain to create EOS applications. The structural apparatus means that an EOS ‘token’ is a de facto claim on an EOS application server resource. EOS tokens can only be used on the EOS blockchain and by holding the currency transaction costs are limited by proof of ownership.

EOS has a range of great functions:

  • Ease-of-use EOS application development – which means users are unaware that EOS is even the core language used for daily apps. However, this means that token server use can increase exponentially.
  • EOS’s blockchain will help to promote transparency through a system of end-user checks and balances. This is how EOS diverges from the Ethereum similarities. Insofar as Ethereum has transparency issues that parallel EOS blockchain processing can counter.

What can I buy with EOS?

The EOS blockchain is working in partnership with a range of decentralised apps (DAPPS) and the potential for EOS token payments is unlimited. However, the coin is less than twelve months old and there aren’t that many merchants that accept EOS as a payment format. However, EOS is being touted as the “Ethereum killer” and its applicability in creating DAPPS should be noted by investors as a sound foundation.

Where can I buy, sell or trade EOS?

We recommend you buy, sell or trade EOS at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.

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eToroeToro has an established reputation, especially amongst cryptocurrency traders. The option to automatically copy successful traders is particularly interesting for new traders. A new account is set up within minutes, and you can start trading with as little as $200 deposit.

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