This is a cryptocurrency that was developed by a world-famous crypto pioneer and developer, Den Larimer, back then in 2018.
The masses started to notice the project when its accompanied ICO was able to successfully raise a huge sum of $4 Billion from investors worldwide.
The use of authorized proof of stake mechanism (POS) that several other cryptocurrencies companies cannot employ is what makes the EOS so special.
Also, instead of the platform to make use of a constant protocol for mining, block manufacturers are rather rewarded for producing blocks based on their all-encompassing effectiveness.
EOS has been growing popularly right from its inception. And this great currency has been trading within the $2.70 mark, since the beginning of 2020.
What makes EOS different?
While we have a quite number of blockchain-based networks, which make decentralized apps such as Ethereum easier, let’s look at what makes EOS more unique.
EOS currency concentrates on critical problems of blockchain. It attempts swiftly to solve the problems of flexibility, scalability, and speed. These problems usually end up causing a delay for the particular blockchain-based systems.
Despite the size of ecosystems apps that increase every day on a specific blockchain network, it usually lacks as a result of the limited availability of resources.
Such problems may, therefore, include a particular network greeting confined by a huge number of invalid transactions and requests of such, slow velocity of execution, spamming apps, as well as limited computing power across the network.
