Eos Crypto: A Smart Investment Choice?

EOS is a new cryptocurrency that has been dubbed the Ethereum killer. It is the third coin developed by Dan Larimer, who also created the Steem blockchain and Bitshares, a blockchain exchange. EOS is designed to be a platform for which other coins can be created, and it has a few key differences from Ethereum. Firstly, it utilises graphene technology, which is thirty times faster than Ethereum. Secondly, EOS can be written in any programming language, whereas Ethereum requires its own untested language. EOS is currently priced below $2 and has a market cap of over $2 billion, but it remains to be seen whether it will be a good investment in the long term.

EOS' potential as an Ethereum killer

EOS is a blockchain-based cryptocurrency that has been dubbed the "Ethereum killer". EOS aims to improve on several aspects of Ethereum, the second-largest cryptocurrency by market cap, which also enables the creation of decentralised applications (dApps) through smart contracts.

EOS vs Ethereum

Ethereum has revealed several flaws since its launch in 2015, which EOS aims to address:

• Low capacity: Ethereum can process a maximum of 15-19 transactions per second, whereas EOS can handle 1000 transactions per second upon launch, with the potential to scale to 4000 or even more.
• Transaction fees: Ethereum charges transaction fees, which can be a barrier for mass adoption. In contrast, EOS offers completely free transactions.
• Centralisation: 51% of Ethereum's voting/mining power is controlled by only three entities, exposing the system to the risk of a "51% attack". EOS, on the other hand, is considered one of the most decentralised crypto projects, with 20 active block producers and one selected from a reserve pool of around 150 producers.
• Energy consumption: Ethereum is based on the Proof-of-Work (PoW) algorithm, which requires a lot of electricity. EOS, however, uses the Delegated-Proof-of-Stake (DPoS) algorithm, which does not require excessive electricity consumption.
• User-friendliness: Ethereum is not very convenient for regular payments, even with tools like Metamask. EOS, on the other hand, offers user-friendly features such as legible usernames instead of long number addresses.
• Transaction reversibility: If funds are stolen or lost on Ethereum, there is no way to reverse the transaction. EOS, however, allows users to file arbitration with the EOS Core Arbitration Forum (ECAF) to get a refund.

EOS has raised over $4 billion in its ICO, indicating strong interest and confidence in the project. The EOS platform is designed to process information in parallel across multiple cores, improving scalability and efficiency. EOS also offers private and public blockchain communication capabilities, the ability to fix issues with consensus, and other features that streamline the technological processes underlying Ethereum.

However, one potential drawback of EOS is that it sacrifices some decentralisation for increased scalability. EOS has only 21 block producers, which could lead to the formation of powerful coalitions that control the platform and engage in censorship or extortion.

Despite this concern, EOS has a strong leadership team and a chief developer, Daniel Larimer, with a successful track record in blockchain projects. With its unique features and improvements over Ethereum, EOS has the potential to become the new industry standard and bring blockchain mass adoption to a new level.

EOS' utilisation of graphene technology

EOS, a blockchain technology, is a new cryptocurrency that has been dubbed the "Ethereum killer". It is run by Block.one and developed by Dan Larimer, who also developed BitShares and Steemit, both of which are in the top 50 coins by market capitalisation. Larimer is also the developer of the blockchain technology Graphene, which powers his previous projects.

Graphene is a blockchain framework technology based on DPoS. It allows a blockchain to deal with up to 10,000 transactions per second (TPS), a significant improvement on the Bitcoin blockchain, which can only process seven transactions per second, and the Ethereum blockchain, which can only manage ten. This high TPS is fundamental for widespread adoption and user experience. EOS is free to use, but developers who want to use more resources must stake a certain amount of EOS tokens.

Graphene, with its high TPS, allows for a user-friendly interface. An example of this is Steemit, which, with the help of blockchain technology, shares economic benefits with bloggers based on the popularity of their articles. It works in much the same way as centralised blogs, but with the added benefit of blockchain.

The EOS blockchain also supports several programming languages and decentralised applications on Ethereum. EOS is compatible with EVM and several programming languages, meaning that transferring smart contracts on Ethereum to the platform is almost free. EOS also supports the pause and replacement of smart contracts, which can help avoid incidents similar to the DAO attack.

In conclusion, EOS is an operating system based on blockchain technology. It has high TPS, is free to use, and supports several programming languages and decentralised applications. With improved technology and new solutions, the EOS ecosystem and its user base are expected to grow rapidly.

EOS' developer, Dan Larimer

EOS, the self-proclaimed ""Ethereum killer", is a new cryptocurrency that enables developers to create decentralized apps. One of the main developers of the EOS project is Dan Larimer, who has a strong background in similar projects. Larimer is a serial blockchain entrepreneur, known for creating multiple prominent blockchain projects.

In 2013, Larimer built BitShares, a platform for exchanging fiat money for cryptocurrency. In 2016, he founded Steem, a decentralized content network, which later became Hive. In 2017, he created EOS, a blockchain platform that raised $5 billion in the world's biggest ICO. Larimer is also the developer of the blockchain technology Graphene, which powers his previous projects.

After leaving Block.one, the developer of EOS, in late 2020, Larimer returned with a 'multi-year plan to revitalize EOS'. He joined the EOSIO developers in forking the EOSIO codebase into a new repository called Mandel, which will be carried out in two major upgrades: Mandel 2.3 and Mandel 3.0. Larimer stated that the "Mandel code fork is the shortest path to EOS independence" and that it is the "first step on a multi-year plan to revitalize EOS".

Larimer's fourth blockchain project, Clarion, is another decentralized social network aimed at disrupting Big Tech. Clarion will enable people to communicate without relying on trusted third parties and will support various forms of messaging, including delayed communication (like email) and immediate communication (like normal messaging).

Larimer's contributions to the EOS software and his new Clarion project demonstrate his ongoing commitment to the development and improvement of blockchain technology.

EOS' ICO strategy

EOS ICO Strategy

The EOS ICO is a unique one, with a year-long duration. This is a smart move by the developers, as it keeps EOS in the news for a long time and investors may be willing to put in more money because it's like an auction.

The ICO will be conducted on a continuous distribution model for 1 year. 1,000,000,000 (one billion) EOS tokens will be minted at the start of the sale. These tokens will be split into different rolling windows of availability. The tokens for a window will be split proportionally to all contributions made during the window period.

The ICO will be divided into two parts: an initial 5-day ICO period and 350 consecutive 23-hour ICO periods. In the first 5 days, 20% of the total minted tokens (200,000,000 EOS) will be distributed. The remaining 800,000,000 EOS will then be split evenly into 360 one-day windows of 2,222,222.222222 EOS tokens each.

The EOS ICO eliminates the advantage that wealthy investors usually have. No matter how wealthy or poor different contributors are, each one will receive EOS tokens exactly in proportion to their contribution. This gives every individual investor the same equal opportunity to participate.

However, during the one-year ICO period, 2 million EOS tokens will be added to the market every 23 hours. This is a very high inflation rate without relentless hype.

Therefore, a good strategy would be to wait for the hype to die down and then buy EOS tokens at a cheaper rate. This lull period is likely to be in the middle of the ICO period, between the initial launch and the platform launch.

EOS' market manipulation concerns

EOS Market Manipulation Concerns

EOS, a new cryptocurrency, has been the subject of scrutiny regarding potential market manipulation. Market manipulation is a form of market abuse that involves deliberate attempts to interfere with the free and fair operation of the market. This can include creating false or misleading impressions about the price or demand for a product or security. While EOS has not been accused of any wrongdoing, there are concerns about the role of wash trading in artificially inflating the price of EOS during its Initial Coin Offering (ICO).

Wash trading is a process where an entity acts as both a buyer and seller of the same asset to manipulate prices or volume. In the case of EOS, a study by Professor John Griffin of Integra FEC alleged that EOS and ETH were used for wash trading on price-manipulating exchanges during the EOS ICO. The investigation identified 21 accounts that recycled EOS tokens, amounting to 1.2 million ETH worth $815 million. This artificial demand created the illusion of demand for the token and pushed prices upwards.

The EOS ICO also raised concerns about the potential for market manipulation due to its unique structure. EOS conducted a Dutch Auction ICO, where the price of tokens increased over time, and those willing to pay more received a larger share of tokens. This structure may have contributed to the perception of high demand and further inflated the price of EOS tokens.

The large amount of capital raised during the EOS ICO and the involvement of industry giants such as PayPal co-founder Peter Thiel have also drawn attention to the potential for market manipulation. With billions of dollars at their disposal, EOS developers could significantly influence the market. For example, they could use their Ethereum holdings to buy EOS tokens, raising the price and market cap of EOS while potentially hurting the price of Ethereum.

While EOS has not been accused of direct involvement in wash trading or other forms of market manipulation, the concerns highlight the need for regulatory scrutiny and robust surveillance practices in the cryptocurrency market. The potential for market manipulation in EOS remains a concern for investors, and it is essential to carefully consider the risks before investing.

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