EOS is a Token used in Blockchain. Cryptocurrency is defined as a decentralized system that works with EOS and supports decentralized applications on its platform. EOS was founded in 2017 by the company block.one. Founder Daniel Larimer; BitShares is the creator of the Blockchain Steem and Delegated DPoS. Larimer is still working as the CTO of block.one. In this article, as Kriptokoin.com, “What is EOS?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is EOS? What does it do?
From vertical and horizontal scaling of EOS DApps to account management, authentication, database creation and application programming. It is also a software that offers Blockchain architecture. This decentralized system, in particular, scales multiple transactions. The EOS protocol acts like Play Store and App Store stores, emulating many features of computer hardware. This computing power is evenly distributed to EOS cryptocurrency holders. EOS supports a web toolkit that is also used for interface development. It is a decentralized and self-managed company model. It works on this model as a smart contract platform and decentralized operating system that enables the installation of DApps on an industrial scale. Promising to eliminate transaction fees, the smart contract platform also claims that it can process millions of transactions per second.
What does it offer its users?
- EOS software offers a Blockchain architecture that allows DApps to scale vertically and horizontally.
- It allows every transaction and application to be transparent. However, the erroneous operation is visible to everyone on the network and the error can thus be corrected.
- At the same time, EOS offers its users high-speed transactions.
How to buy EOS?
The largest exchanges traded with EOS; Binance is OKX, BTCEX, CoinW. To purchase coins, the following steps can be followed:
First of all, access the web/mobile application of the stock exchange that lists the EOS you have chosen as the first step. Complete the account opening steps. Then complete the authentication and approval process. Follow the next step, the deposit steps. As the last step, choose EOS with the balance amount you want and create a buy order. Store it in your trusted accounts.
