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For Cryptocurrencies users, it is no stranger to Coinmarketcap.com and Coinranking.com sites that provide all the data needed for crypto analysis. Well, if you play to the site Coinranking.com, we can know the overall ranking or ranking of cryptocurrency by popularity and total valuation market. After we've covered almost all of the top 10 ranking rankings, there is an interesting on the 11th rank, namely crypto with the name EOS is still very rarely discussed, and many who do not understand what it is EOS.
Currently EOS occupies the 11th position in the ranks of the total 1,373 cryptocurrency that is created and already circulating in the market today. It is not easy to occupy the top 20 rankings for cryptocurrency, as it is required to provide great benefits in the future of the world economy, and must be globally accepted.
If we look further at the data provided by Coinranking.com, we can see the growth graph of EOS values in detail. EOS is currently priced at $ 10.29, or in other words has posted about 284% of positive growth from the end of November 2017 until the end of December 2017. That is, within a period of 1 month alone, EOS digital assets has been growing almost 3-fold value.
Then, if we look at data from Coinmarketcap.com, EOS currently has a Market Valuation of $ 5.9 billion, with the last 24 hours trading volume worth $ 373 million. While the circulation of EOS that has been circulating in the market about 565 million pieces of EOS from the maximum EOS total that can be created for 1 billion pieces of EOS. This means that there are still about 50% of EOS that have not been mined and have not circulated in the market.
Then, we proceed to the data provided by Tradingview.com where the real-time EOS growth graph can be seen. From the chart below, we can get data that the all-time low point for EOS is at the $ 0.5 level (data available from July 2017), then continues to rise to all-time highs on December 19, 2017 at $ 12.5. That is, EOS over the past 1 year has increased value by 2,500% or 25 times the initial price of its release.
The growth that can be booked by EOS in the last 1 year even beat the growth of Bitcoin as "King of Crypto" which is only able to record growth of about 1,100% or 11 times from the beginning of 2017. Then, the question now, What exactly EOS is wrong one of the most phenomenal crypto currencies in 2017.
What is EOS?
EOS is a software platform with Blockchain creation architecture designed to allow scaling vertically and horizontally at the same time. A decentralized platform that can be adopted by various software developed by developers.
EOS provides account, authentication, database, and asynchronous communications, and app scheduling across multiple Core or Culster CPUs. EOS's Blockchain architecture can enable large scaling, so that millions of transactions can be processed every second. Moreover, transaction costs can be pushed down to micro numbers, or almost close to zero, so that efficiency against the use of Blockchain can be achieved.
EOS is a Blockchain-based decentralized system designed specifically to support all commercial-scale decentralization applications by providing all necessary core functions. It enables EOS to be adopted in both Web and Mobile-based applications.
EOS asynchronous communications and parallel processing provide stable scalability, while EOS Ownership Model will eliminate transaction costs. Such features make EOS a serious contender against Ethereum (ETH), although ICO EOS takes on Ethereum's base.
EOS uses Delegated-Proof-of-Stake, where the ability to correct bug and rollback changes was first introduced with a majority super consensus.
EOS is created by block.one, designed to support the overall need for decentralization at the commercial level by providing all necessary core functions, such as databases, accounts, signatures, schedules, authentication and handling communications between applications connected on the internet network. Thus, EOS will make it easier for business people to stay focused on developing their own business rather than focus on payment systems.
Featured Features of Crypto EOS Currency
The two features promised by EOS really appeal to almost all circles of cryptographic lovers, both traders, investors, and business people.
- EOS scalability
We take another example of Bitcoin (BTC) which is currently constrained by severe scalability issues, where each transaction will "stall in queue" for a span of between 38 minutes and 1.188 minutes. This is what then makes Bitcoin (BTC) almost can no longer be called by means of instant payment, because the transaction validation process takes a long time. Moreover, according to data from Blockchain.info, Blockchain Bitcoin network is currently only able to process 3 to 14 transactions per second.
EOS provides high scalability. Millions of transactions can be processed every second with asynchronous communication and parallel processing.
With these two excellent features, it is no wonder that EOS in the future can be a serious competitor to Bitcoin (BTC) and Ethereum (ETH), which currently stands at 1 and 2 of the world's crypto crypts.
- Fix Bugs and Rollback
In addition to the two features described above, recently EOS has also introduced a "Fix Bugs and Rollback" capability, meaning that bug fixing and rollback can be done with a supermarket consensus, rather than using a Hard Fork like a crypto currency in general.
This is because EOS uses delegated stock evidence, in which many witness nodes are nominated by the network as representatives to make certain high-level decisions faster, without having to wait for the entire voting of the entire network. While the other crypto currency that apply the Hard Fork, must use the voting system of the developers and miners to reach at least 90%.
While this feature can reduce the decentralization of EOS networks, the resulting contribution will greatly benefit the ability of mainstream companies to adopt and interact with Blockchain technology effectively and efficiently.