Over the last few years, interest in cryptocurrencies has significantly increased. Bitcoin and its value has been the main factor in this and it has gone up in an amazing way. Since then, new and interesting cryptocurrencies have appeared on the market, which, having a specific plan for themselves, are gaining more and more popularity in the world. One such cryptocurrency is EOS. What is the information about it? From what and how to start investing in EOS? What are the opinions about this cryptocurrency? Where and how can you buy it? The answers to these questions can be found by reading the text below.
Description and information about Crypto Currency EOS
EOS is a cryptocurrency, which was created in 2017 by Daniel Larimer and Brendan Blumer. Larimer is a person known and valued in the world of cryptocurrency. He was responsible for the creation of such cryptocurrencies as: BitShares or Steem. Therefore, the record success of the ICO collection conducted by block.one for the start of the project, in the form of 4.2 billion dollars collected, can be attributed to Larimer.
EOS is a blockchain-based cryptocurrency characterized by an open structure and a decentralized operating system, the token seemingly very much resembles Ethereum, but you can see that it has several unique features and properties that distinguish it from Ethereum, one of which is the lack of having transaction fees. Each user becomes part of the network and the owner of a given resource once the transaction is successfully completed. There are currently 1 billion tokens in circulation, and obtaining them in the case of EOS is very simple. Besides, EOS also offers a network scalability that offers the possibility of making 15,000 transactions per second.
There is no mining process or miners in the EOS cryptocurrency. Delegates are Block Producers, elected in the voting process by EOS token holders, whose voting power depends on their resources. Block Manufacturers accept transactions and add them to subsequent blocks, and receive remuneration for their work. In the case of the EOS network, the block time is 3 seconds, and only one manufacturer is authorized to produce it at a time. However, it has a tight security system that allows it to resist DDoS attacks. EOS Wallet Pro can now be used to store tokens, which together with a chrome web browser plug will provide increased security for resources.
Where and how to start investing in EOS Crypto Currency?
The subject of cryptocurrency should be approached sensibly, because it is a very dynamic market. The first rule, which works well when investing in any cryptovalut, is to collect as much information as possible. The same is true for the plan of investment in a cryptovalent EOS. The best way to start is to read the EOS, to read the experts’ forecasts and to analyse it carefully. It is also very important to determine the budget, which will be allocated to the investment in the cryptovalent, so it is worth to set aside a specific amount, the possible loss of which will not be too painful. To store EOS tokens it is best to use EOS Wallet Pro wallet together with Scatter browser plugin.
Reviews for EOS Crypto Currency. What do they write in the forum and in the press?
Many people have a positive opinion of the EOS cryptocurrency, often pointing out that a project designed with the smallest details in mind, is still developing and maintains a high level of quality compared to other cryptocurrencies. The press also speaks about EOS, most of whom say that EOS is a great and refined project, which has interesting prospects for the future.
Where and how to buy EOS? What Stock Exchange will be the best?
EOS cryptocurrency can be bought on cryptocurrency exchanges such as Binance or OKEx. Buying cryptocurrencies in this way is probably the most advantageous solution because it provides relatively low commissions and does not require new users to send scans of identity cards. On the example of Binance and OKEx, a short guide on how to buy an EOS cryptocurrency is presented:
Binance
- Step 1:
First, go to the Binance website and click the ‘Register’ button in the upper right corner of the screen. - Step 2:
In the next step you will be redirected to the next page, where you will have to write down your personal e-mail address and password, which you will be able to log in to the created account in the future. It is also necessary to check the option, according to which we have read the rules of the website. - Step 3:
Then it is necessary to confirm our e-mail address, so we open our mailbox and click the activation link that should appear in it. - Step 4:
After transferring the funds to the account balance, it is possible to buy a crypted EOS.
OKEx
- Step 1:
The first step is to create an account on the OKEx exchange. To do this, go to the exchange website and click “Register”. As in the case of Binance, you only need to enter your e-mail address and password. By pressing the “Register” button we automatically agree with the terms and conditions in force on a given page. - Step 2:
A notification from OKEx will come to your e-mail address to activate your account. After entering it and performing the activation our account will be fully verified. - Step 3:
From now on, it is possible to buy the EOS cryptocurrency. The transaction can be carried out using e.g. a credit card.
Where to check the EOS exchange rate?
You can check the EOS cryptocurrency rate on cryptocurrency exchanges such as Binance, Gate.io or Huobi.