Litecoin is one of the first open-source altcoins based on the original Bitcoin code. It was initially a strong competitor to the first cryptocurrency. However, as the cryptocurrency market expanded, Litecoin’s popularity gradually declined.
EOS: cryptocurrency overview, trading volume and capitalization, mining and forecast
Total capitalization (as of 08/29/2019): $2,990.4 million
Trading turnover (24 hours): $1,911,318,680
Few currencies have been able to become popular and reliable today, and no one has managed to surpass Bitcoin yet. The EOS currency is firmly located in the top ten of the best cryptocurrency projects. The project has considerable ambitions, because it intends to change the idea of the technology of making cryptocurrency transactions.
The project began its existence in 2017 thanks to an experienced developer Dan Larimer. By the time EOS was announced, he had successfully launched a couple of personal projects: the BitShares exchange and the Steemit social network, which rewards users for their activity with its own tokens. Both of Dan's creations have an impressive speed of internal transactions and have earned an excellent reputation, which is a big plus to the reputation of EOS.
Dan Larimer
Knowledge and experience from implemented projects enabled Dan to create an innovative project on the blockchain, as well as more advanced software for the imminent launch of decentralized projects.
The company plans to develop the network speed up to 1-6 thousand transactions per second, and then increase this figure to millions. Also, over time, the company will cancel commission payments.
EOS token trading began in 2017 and brought the company more than two billion dollars in profit. In total, one billion tokens will be issued, of which a tenth will remain in the company's reserve.
Is it possible to mine EOS?
At the moment, tokens are not traded or mined. But before the end of the token sale, Ethereum miners had the opportunity to exchange ETH for EOS, thus becoming a participant in the ICO.
Where to get EOS?
You need to purchase tokens on one of the cryptocurrency exchanges. The companies that were among the first to list pairs with EOS were Bitfinex and Bittrex. On most exchanges, tokens are available for sale only for ETH or BTC. The company does not provide wallets for storage, therefore, in order not to store money on an exchange wallet, you can use universal resources that work with the ERC-20 protocol.
Forecast
The cryptocurrency has both supporters and critics who call the project hype. Although EOS is more than a project, it is a new technology that can improve the blockchain and create a super-fast transaction platform. The cost of a cryptocurrency is directly proportional to the success of this project, and depends no less on the success of competitors.
Advantages of EOS
- Progressive, in comparison with other projects, technology;
- Good technical support;
- Stable course.
EOS Cryptocurrency News: EOS Rating Drops Due to Large Number of Whales.
