WHAT IS EOS?
EOS is a blockchain technology that enables developers of various kind to use EOS to build their applications on top of the EOS platform. EOS was co-founded by Dan Larrimer, the creator of bitshares & Steem.
IS IT BETTER THAN ETHEREUM?
EOS is similar to Ethereum in the sense that both of the platforms are oriented towards offering a similar service in the same market, however with different ways of actually doing that.
EOS promises a more efficient model of operating their system than the current operating model of Ethereum in terms of scalability, transactions & high volume management, however the co-foudner of Ethereum Vitalik Buterin have also made promises on improving the Ethreum plaform as well in the upcoming years.
centralized vs. decentralized
Ethereum aims for a complete decentralization of the coin, as Vitalik Butrin has mentioned in one of the press conferences that he is not a fan of "centralized nodes" which implies a high concentration of coin holdings in a concrete spot.
Eos is much more centralized relative to Ethereum in the sense that is promisses to use 21 data centers to validate the transactions which gives the power away for the other transaction participants, however in in the case of commiting fraud among the data centers, an almost instant replacement of the frauded data center will take place and very discretely a new data center for validating the transactions will take place.
You can use the analogy of the a parliament (The congress, the lower house, etc.) to understand more precisely how EOS works.
IS IT WORTH YOUR MONEY?
According to Coinmarketcap.com the current market capitalization is $8,307,022,969 USD with the rank of 8 being in the Top 10 cryptocurrency coins with the biggest market capitalization EOS looks very promising as a project.
market cap: $8,307,022,969 USD
Avg. Volume (24h): $2,753,840,000
Circulating Supply: 620,918,704 EOS
If you had invested 500$ when one EOS coin had cost 1$, by the current price your return of investment would be 1300 % in just half a year in your initial investment. This type of return outperforms any ROI in the stock market and it even surpasses the annual returns of the famous S&P 500 index which is known for outperforming most of the hedge fund managers.
WHAT IS EOS?
THAT'S IT
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