EOS has seen its price rise by 94% over the last two weeks
EOS has seen a trading volume of $8.8 billion over the last 24 hours as traders buy the coin in anticipation of the upcoming release by Block.one of the EOS-powered crypto exchange, Bullish.
The Bullish exchange has received the backing of a number of prominent billionaires, including Peter Theil, Alan Howard and Louis Bacon. The three men have been known to have developed very successful business ventures, including Theil who worked with Elon Musk on turning PayPal into the success we know today.
To put EOS’ price into perspective, the coin has also risen by 54% over the past 30 days.
EOS provides a wide array of developer tools and resources, enabling businesses to deploy blockchain infrastructures that are public, private, permissioned or permissionless – depending on their application needs. Also, the latest security verification standards and end-to-end authentication measures provide superior data integrity with a focus on security and compliance.
Where can I buy EOS?
What is EOS?
EOSIO is a blockchain platform designed for the building of decentralised apps (Dapps) and EOS coin is the cryptocurrency that drives the network.
The fast, flexible and scalable EOS blockchain was launched in 2018 by blockchain software company Block.one.
At least 400 apps have already been built on EOSIO, which include decentralised identity solution OmniOne, game distribution platform Ultra, and supply chain traceability and compliance solution Chainflux.
How is EOS different from Ethereum?
EOS has some similarities with Ethereum, such as its smart contract functionality and the ability to build Dapps, but is different because EOS uses a delegated proof-of-stake (dPoS) consensus mechanism while Ethereum still uses proof-of-work (PoW).
#EOS uses Delegated Proof of Stake which makes it much more efficient than Bitcoin or Ethereum. pic.twitter.com/EAK7J6V8rL
— Kelly Smith (@kellyatgrafik) May 13, 2021
EOS’ founders created the coin’s consensus mechanism to solve the problems that exist with PoW and PoS systems. The goal of the project is to make EOS easier to use for programmers than Ethereum and other blockchains, and as such, it provides extensive tools, training and certification to help developers build apps quickly and successfully.