EOS is becoming popular as a next-generation ecosystem and its unique characteristics. EOS is known as the EOS.IO ecosystem, and it aims to simplify the programming and intelligent contract integration to develop decentralized applications. In other words, EOS is a public infrastructure ecosystem-based blockchain offering a platform to develop a decentralized application(dApp), same as Ethereum(ETH), which is faster and more scalable. EOS comes under the top 20 cryptocurrencies in terms of market cap. There are two vital elements in EOS, including EOS.IO and EOS token. The EOS.IO is system architecture, and EOS is that network's cryptocurrency. EOS is developed in a proof-of-stake concept, which makes EOS more flexible to make consequential decisions.



EOS provides numerous functionalities, and that allows users and investors to develop new blockchain-based applications. With the help of EOS, you can get secure access and authentication, data permission, data hosting, and communication between the internet and dApp.

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<h3>Who created EOS?</h3>

Dan Larimer and Brenden Blumer founded EOS in 2017 through the company named Black. One. Larimer is a chief technical officer and lead software architect of the EOSIO. Dan Larimer architected the decentralized exchange named BitShares and the first social media network named Steemit.

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<h3>How does EOS work?</h3>

EOS is necessary to power dApps and governance on the EOSIO blockchain.

&nbsp;

Cloud Storage

Cloud storage is an essential tool in the EOS development packages. EOS.IO helps dApps developers with cloud storage and server hosting as a part of the market approach. Today, All these approaches make EOS.IO the fastest-growing dApp protocol.

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A New Consensus

This protocol is better known as the proof-of-work consensus mechanism. It requires a computer to solve complex mathematical problems. It uses more computational power at the time of solving equitation associates directly to consume more energy.

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Proof-of-Stake (POS)

EOS has decided to go with POS because of the limitation of POW(Proof-of-Work). The consensus mechanism does validate a state of blockchain differently.

Instead of acquiring EOS tokens and Stake them in the wallet, it is better to take a chance and get approval from the next block of transaction and get the reward.

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<h3>EOS token</h3>

EOS token is different from the competition because they don&#39;t perform any function. Instead, developers develop an application to generate a token for their specific purposes and applications.

In 2018, the EOS platform launched its main net officially, and the price peaked at the new all-time high of $21.46.

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<h3>Time Of Block</h3>

Bitcoin&#39;s block approval time takes 10 minutes, and on the other side, the EOS block transaction time is 0.5 seconds. EOS breaks down the blocks into the cycle, and redevelopment responds to the transactions in the middle of a transaction. Additionally, EOS settles the transactions when it takes the time to send the confirmation messages.

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<h3>New Approach</h3>

The EOS platform has some exciting features because the platform focuses on every transaction instead of the entire state of the blockchain.&nbsp;

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<h3>Why does EOS have value?</h3>

EOS is used to power up the dApp(Decentralised application) and EOS blockchain governance.

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<h3>Dapps and Smart Contract</h3>

EOS developers use smart contracts to build and launch new Decentralised applications. Smart contracts are secured by some requirements and execute on the blockchain when the requirements are met. A Group of the smart contract can form a more complex dApp.

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dApp on EOS includes games that are powered by cryptocurrency. The programs of EOS need to buy EOS and stake it to pay blockchain smart contract computation needs.

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<h3>Economy Token</h3>

There is no limit on the EOS token creation whenever a new block creates the number of tokens released in the market. As per the records, the EOS coin increased by 5% every year.

 
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<h3>Why use EOS?</h3>

EOS is very interested in seeking developers and building decentralized applications. Developers who have launched decentralized applications on the other blockchains are very different from the EOS blockchain.&nbsp;

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EOS offers a much better user experience compared to other blockchains. Investors are also planning to add EOS to their portfolio because of its trust and user-friendly blockchain functionalities. Therefore, dApp developers will use EOS and represent the new and creative things in the market.

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<h3>The circulating supply of EOS?</h3>

EOS comes under the top #50 cryptocurrencies, and it is currency ranking on number #27 globally with a $40.45 billion market cap. The current circulating supply of EOS is 944.41(944,814,064.51) million out of the total supply of 1.03(1,030,598,953.90) billion. The max EOS supply is 10.00(10,000,000,000.00) billion. The 24H trading volume is $1.04 billion.&nbsp;&nbsp;&nbsp;

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<h3>How to buy EOS?</h3>

As we discussed earlier, EOS came in 2018 and was developed by the private company block. one. EOS is very demanding, and you can buy it from any exchange, but buying from the top and valuable exchanges makes your buy and trade secure

There are only three 3 to buy and trade EOS includes.

<ul>
	<li>Signup to exchanges</li>
	<li>Verify your identity and despite funds</li>
	<li>Start buying and trading Ripple.</li>
</ul>

We are listing down some top exchanges where you can buy EOS easily, and that includes:

<ul>
	<li>Binance</li>
	<li>Upbit</li>
	<li>HitBTC</li>
	<li>Huobi Global</li>
	<li>OKEx</li>
	<li>KuCoin</li>
	<li>Gate.io</li>
	<li>Kraken</li>
	<li>CoinEx</li>
	<li>WazirX</li>
</ul>

Brendan Blumer

Foresight

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