The best EOS wallets. EOS Cryptocurrency: A Complete Investor's Guide How to Buy EOS with ETH Using the JAXX Exchange Service

The EOS cryptocurrency was founded in the summer of 2017 by Block.one and Dan Larimer, who previously succeeded in the development of the BitShares cryptocurrency and the blockchain-based social network Steemit.

The EOS cryptocurrency was founded in the summer of 2017 by Block.one and Dan Larimer, who previously succeeded in the development of the BitShares cryptocurrency and the blockchain-based social network Steemit.

The main idea of ​​the authors of this project is to create a decentralized platform with the function of smart contracts, high bandwidth and minimal capitalization. In essence, they decided to develop a new version of Ethereum that is faster than its predecessor and provides a lower cost of service.

Funding for the EOS project will come from funds raised during the Initial Coin Offering (ICO).

Investors will receive approximately one billion EOS digital tokens. Unlike most other projects, whose ICO lasted no longer than a few days, the EOS developers decided to stretch this procedure for almost a year. It started on June 26, 2017 and will end on June 1, 2018. This approach was chosen so that those who make investments have enough time to evaluate all the merits of this project.

Advantages of the EOS platform

Until the end of the ICO, the site operates in a test mode, so its prospects can only be assessed based on the descriptions of the authors.

According to them, these advantages are

EOS will use the DPoS protocol, which places the responsibility for confirming transactions not on all miners (as, for example, in bitcoin), but on the twenty largest owners of assets within the boundaries of a particular blockchain.

If the creators of the project succeed in realizing their plans, EOS will be a real breakthrough in blockchain technology.

How to become an EOS owner?

To buy EOS tokens, the developers provide everyone with the opportunity, instead of the usual mining, to “mine” cryptocoins by participating in the ICO. It should be borne in mind that the project is being implemented on the Ethereum platform, so it is possible to use only Ethereum to buy EOS tokens.

during the entire initial offering of tokens throughout the year, trading is carried out in separate periods of twenty-three hours. The EOS cryptocurrency is distributed according to the number of participants in proportion to the size of their investments.

For example, for the selected period, participants receive a total of two thousand EOS from the system. The first user invested four hundred ethereums, the second one invested one hundred ethereums. In this case, the first will receive one thousand six hundred EOS, and the second - four hundred EOS. In addition, EOS tokens can be bought on several exchanges.

Eos cryptocurrency is one of the new cryptocurrencies that skyrocketed in capitalization value in mid-2017. The release of the eos cryptocurrency was announced in May 2017 and coincided with a sharp public interest in the market. The creator of the EOS cryptocurrency is Dan Larimer.

This cryptocurrency was created on the basis of scaling and decentralization of applications based on DApps. The new cryptocurrency took the basics of the platform, but with big differences from Ethereum in terms of optimization and parallel tasks. And this is a breakthrough in the application of blockchain technology, as the eos platform supports several million transactions per second. Also, a distinctive feature of the EOS cryptocurrency was the absence of commissions for operations that are charged to users.

Eos course

On our website you can watch the exchange rate of the EOS cryptocurrency against the dollar online:

Eos cryptocurrency chart

This graph shows the growth and further decline of the EOS cryptocurrency in 2017.

Mining cryptocurrency EOS

There is no generally accepted EOS coin, since it exists on the basis of Ethereum. The general concept of mining is the reward for solving complex mathematical problems and creating blocks. There is a way to transfer Ethereum coins to a special address, and wait for the end of the auction, then the user receives a share in the tokens back. But in order to start using cryptocurrency, you need to create a wallet.

EOS cryptocurrency wallet

Creating a wallet is possible on the official website of the cryptocurrency:

1. Go to the official website eos.io.
2. Click on the "Get token" icon.
3. Cryptocurrency Policy Agreement.
4. Wallet selection.
5. Functionality setting.

Buy EOS cryptocurrency

It is possible to purchase cryptocurrency on cryptocurrencies and trade this digital coin, or save for possible further growth and exchange of cryptocurrencies. It is difficult to predict the growth of cryptocurrency, since the market has just begun to form and government agencies are beginning to show interest in regulating the crypto market. The Chinese authorities have banned the purchase of cryptocurrency and during the identification process on the EOS cryptocurrency website, you must confirm that you are not a citizen of the People's Republic of China. The ICO period of this cryptocurrency is designed for one year and the cost will fluctuate after any statements by the authorities of large states. EOS coins will not be able to stay in the TOP due to the success of Ethereum, which has raised the bar for the entire market. There are promises from the developers, and if they are confirmed in practice, then the Eos cryptocurrency will grow and develop in 2018.

In the first days of the ICO, the cryptocurrency raised about $170 million, which gives it a chance to scale and develop in its segment. Blockchain technologies are accepted by society, as smart contracts make life easier for people and businesses, which have new branches for development and monetization.

This review will focus on the topic of what EOS is, the features of the project and the token, as well as the prospects that await this product in the future.

What is EOS in general and is the project worth the attention of users

The EOS project is a kind of software that is represented by integrated blockchain technologies and the possibility of horizontal and vertical scaling of applications operating on the principles of decentralization. EOS developers have achieved this result by creating a special design that mimics the operating system. On the basis of this operating system, you can create various applications. However, using EOS allows you to handle accounts, databases, authentication, asynchronous communication and scheduling options to work on developing applications on a huge number of clusters or CPU cores. The features of EOS, to put it in just a few words, are the use of blockchain technologies to provide scaling at a frequency of up to several million transactions per second, while eliminating the use of a fee. This project allows developers to create and optimize decentralized applications incredibly quickly and in a simplified way.

To whom should the world be indebted for the opportunity to use the functionality of such an innovative project? EOS developers represent Block.one. The organization has been indemnified by the Cayman Islands Association. The main activity of the project is aimed at building software - the EOS team employs specialists who collaborate with consultants from different parts of the world, which allows them to effectively focus on business-class problems and develop effective solutions with the integration of blockchain technologies into the system. All detailed information about the composition of the project team, as well as the solutions used in the project, can be found on the official EOS website https://eos.io .

For those who like to dig deeper into the “underwear” of the project, all the underwear is presented on GitHub - https://github.com/eosio.

What are the features of the EOS project?

Before proceeding to consider the question of what the EOS cryptocurrency is, it must be said that the proof of Proof-of-Completeness is embedded in the work of the entire project. Its essence lies in the fact that the EOS software allows you to simplify the process of identifying the number of valid transactions. This is done by assigning sequence numbers to each message that is sent to the accounts. These sequence numbers can be used to prove data processing in a particular sequence.

Now we can consider the EOS tokens themselves. EOS coins are represented by ERC-20 compliant tokens that are distributed across the Ethereum blockchain.

CryptocurrencyEOS operates on the basis of an operating system focused on applications that are developed on the basis of the blockchain. Asynchronous smart contracts, which are the foundation of the project, can work in parallel, which ensures the execution of more than 100 thousand operations every second.

CurrencyEOS and the project of the same name are based on the blockchain architecture, which is characterized by scalability up to 1 million transactions per second, the elimination of user fees and the ease of launching decentralized software.

At the same time, if you launch your own platform for EOS, then you can make any changes to the EOS.io software to optimize the performance of your product. Interestingly, the developers of the project do not give a specific definition of EOS coins, since they leave this right to users.

The end of the token distribution period is scheduled for June 1st, 2018 - that's when the coins will become fixed in the Ethereum blockchain, and before that time they can be transferred and transferred to peer-to-peer platforms that are subject to management by third parties.

Pros and cons of EOS

It is too early to talk about the shortcomings of EOS, since the project is only in the testing and development stage. At this stage in the development of EOS, it will be natural for technical problems to appear, which will be fixed by the developers. Similar EOS problems are typical for any tested project, so it is necessary to judge the minuses after the completion of its development. But some of the advantages of the product can already be noted. The list of EOS benefits includes:

• high scalability - the maximum power of the infrastructure designed for decentralized applications allows you to support an incredibly large number of commercial applications with parallel execution of tasks, asynchronous communication and separation of transaction authentication from their execution;
• flexibility of work - the ability to freeze and fix problematic developments and use web assembly;
• a wide range of options - the use of a declarative permission scheme, self-determination of database schemas, the possibility of self-description of interfaces and tools allows you to fully work on creating a wide variety of products.

EOS Token Price

EOS is considered one of the most promising tokens. As of June 2018, the cost was $10.

You can find out the cost of the EOS token in real time

Where to buy EOS cryptocurrency?

If you are interested in options with margin trading, then the BitMEX exchange is at your service.

Which wallet to use for EOS crypto

Since, as mentioned above, the EOS project does not involve creating your own platform, you will need an EOS wallet that operates on a blockchain platform to operate with tokens. Here it is important to make the right choice, on which the profitability of EOS will depend - we take into account commissions for withdrawing funds, and the cost of transactions, and payment for other services for using the product. For these purposes, any wallet for working with Bitcoin and Ethereum is suitable for you. If it's hard for you to choose one of the many clients on the market, here is a list of the most popular and already tested by millions of application users:

• exodus;
• Jaxx;
• MyEtherWallet.

You can also use Trezor and Ledger Nano S hardware wallets to store EOS tokens.

We will not specifically dwell on the topic of how to get EOS, since you can become the owner of tokens either during the ICO or by making a purchase on exchange exchanges. To buy EOS, you need to choose a suitable exchanger, follow the exchange rate and “catch” the most profitable indicators for making a deal.

What awaits EOS and its users in 2018?

• Launching your own blockchain
• Plans to launch your own decentralized exchange
• Numerous airdrops on our own blockchain

The active dynamics of EOS in terms of the development of the project suggests that the product, with a competent approach and maintaining such a pace of advancement, has every chance to enter the global market and occupy its niche in it. We see the prospects for the development of EOS in the fact that the project provides the user with concepts already proven in practice and integrated modern technologies that provide efficient and high-speed work on the creation of various decentralized applications. At the same time, the user is not limited in functionality, which makes the growth of EOS part of a global virtual society based on blockchain technologies.

4.9 (97.14%) 14 people

In this article, you can find out what the EOS currency is, what advantages and disadvantages it has, and how it is mined (mined).

The current exchange rate (online change) of EOS against the US dollar at the current moment and fluctuation during the day.

What is the EOS cryptocurrency?

The EOS project is based on blockchain technology and presented as a cryptocurrency platform, the key goal of which is to diversify and scale decentralized services.

Using this platform will allow you to use the nodes of the system, distribute application processes to cores, use databases, asynchronous communication tools, authentication tools and accounts. This approach opens up the network to expand at a million operations per second, with any decentralized service launching quickly and without fees.

Despite the fact that many prefer long-term investment by purchasing ether, you can earn here and now by buying EOS coins. It is enough just to wait for the start of the ICO stage, when Ethereum will be invested in a small amount and buy coins at a bargain price. In the future, you will be able to set a higher price for a previously purchased currency.

The disadvantage of this method lies in the large number of users who speculate on the difference in cost. Therefore, at the last moment, everyone tries to invest, so it is rather difficult to determine the cost of purchased coins, as well as to predetermine a further price increase. On the official website of the project, you can easily track statistics on previous rounds and monitor the investment process at the current stage.

Where to store?

Creating your own platform with the EOS project is not provided, so you need to have an appropriate wallet for operating coins. The wallet must work on the basis of the blockchain platform.

Profitability directly depends on how competently you approach the issue of choosing a wallet and comparing such indicators as payment for additional services for using the product, the cost of transactions, and the amount of commissions for withdrawing funds. You can choose among any wallets designed for storing ether and supporting the ERC 20 standard. Multi-currency Exodus is also suitable.

How to mine (extract) EOS - instructions for beginners

Mining, unfortunately, cannot be used to get EOS. The distribution takes place on the Ethereum network. To buy EOS, it is enough to deposit a specific amount of Ethereum to a certain address, after which tokens will be distributed among all investors, in proportion to the size of the shares they have contributed.

Summing up, it is worth saying that the project in question is not just another cryptocurrency, it is a full-fledged, multi-tasking business platform embedded in the blockchain. This is an electronic product that combines the essence of a financial structure and a digital currency at the same time.

Huobi Korea, a subsidiary of Beijing-based crypto trading service provider Huobi, announced that it was officially launched on March 30.

“Huobi Korea will feature 100 coins and 208 markets (33 USDT markets, 98 BTC markets and 77 ETH markets). 98% of client assets are stored in cold wallets. In addition, internal security systems have been strengthened. In order to open the vault, it is necessary to go through complex procedures that require multiple people to authenticate at the same time.”

According to Huobi, the platform lists DAT, DBC, DGD, DTA, EDU, ABT, ACT, ADX, AIDOC, APPC, AST, BAT, BCD, BCH, BCX, BIFI, BLZ, BTC, BTG, BTM, CHAT, CMT , CTXC, CVC, LINK, LSK, LTC, LUN, MANA, MCO, MDS, ICC, IOST, ITC, ICC, IOST, ITO, EKO, ELA, ELF, ENG, EOS, ETC, ETH, EVX, GAS, GNT , GNX, MTP, MTL, MTN, MTX, NAS, NEO, OCN, OMG, ONT, OST, PAY, POWR, PROPY, QASH, QSP, QTUM, QUN, RCN, RDN, REQ, RPX, RUFF, SALT, SBTC , SMT, SNC, SNT, SOC, SRN, STK, STORJ, SWFTC, THETA, TNB, TNT, TOPC, TRX, USDT, UTK, VEN, WAX, WICC, WPR, XEM, XRP, YEE, ZEC, ZIL, ZLA and ZRX.

Company representatives say that “in the future, the platform plans to constantly add support for new cryptocurrencies.”

According to Huobi Korea, the ability to trade with Korean won is in preparation and will be available soon. Such a delay is most likely due to the regulation of cryptocurrencies in South Korea, according to which, since January of this year, anonymous trading of cryptocurrencies has been prohibited in the country.

Since then, Korean banks have opened virtual accounts for only the four largest exchanges - Coinone and Korbit. However, Money Today reported on Thursday that major Korean bank Shinhan Bank is in talks to start providing virtual account services to smaller exchanges like Coinplug.

A spokesperson for Huobi Korea stated:

“We are concentrating our efforts to open the Korean won market as soon as possible... All employees will work hard to provide safer and more stable trading services.”

Huobi is currently the third largest cryptocurrency exchange in the world with a daily trading volume of around $1.32 billion. In South Korea, Upbit is the largest exchange with a daily trading volume of $745 million.

Before China shut down cryptocurrency exchanges, Huobi was one of the largest in the country. Today the company is present in six countries - Korea, Singapore, USA, Japan, Hong Kong and China.

Last week, Huobi registered with the US Financial Crime Enforcement Network in preparation for its launch in the United States. Meanwhile, Japan's SBI Group has abandoned its partnership with Huobi Group, which planned to open two new trading platforms in Japan.