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What is EOS (EOS)?

EOS basic info

Name:EOS

Ticker:

EOSBuy now

Introduction:

What Is EOS?

EOS is a layer 1 blockchain, designed specifically to facilitate the development, hosting, and execution of commercial-scale decentralized applications (dApps). Developed and introduced by Block.one, EOS was launched in June 2018 after a record-breaking initial coin offering that raised US$4.4 billion. This platform, built on the EOS.IO software, is often likened to major digital ecosystems such as Google’s Play Store or Apple’s App Store, given its capacity to support a diverse range of applications.

The EOS.IO software is open-source and emulates the functionalities of a real computer. This design allows businesses and individuals to craft blockchain-based applications in a manner that mirrors the creation of traditional web-based applications. EOS.IO provides a seamless environment for dApps, ensuring secure access, authentication, data hosting, usage management, permissioning, and communication between dApps and the broader internet.

Resources

Official Documents: https://docs.eosnetwork.com/

Official Website: https://eosnetwork.com/

How Does EOS Work?

EOS operates using a consensus mechanism known as "delegated proof of stake" (DPoS). In this system, only EOS token holders can vote for "block producers," who are responsible for validating transactions and creating new blocks on the blockchain. This approach aims to process transactions faster and more energy-efficiently than traditional proof of work systems, like that of Bitcoin.

EOSIO, the underlying platform, emulates computer functions and uses three primary resources: Network Bandwidth (for relaying information), CPU Bandwidth (for processing power), and RAM (for instant data storage). These resources power the EOS blockchain and are essential for running dApps. The platform also offers tools and protocols that ensure security, custody, and permissions for other blockchain networks.

What Is The EOS Token?

The EOS token is the native cryptocurrency of the EOS platform. It serves multiple purposes within the EOS ecosystem, primarily revolving around the operation and management of the platform. EOS tokens are used to purchase the computing resources required to run decentralized applications (dApps) on the EOSIO platform.

In addition to acquiring computational resources, EOS tokens play a crucial role in the platform's governance. Token holders can stake their EOS to participate in the delegated proof of stake (DPoS) consensus mechanism. By staking, they can vote for "block producers," the entities responsible for validating transactions and creating new blocks on the EOS blockchain. The more tokens a user holds and stakes, the more influence they have in the voting process.

EOS token can be traded on various cryptocurrency exchanges like Bitget, making it a part of the broader cryptocurrency market dynamics. It can be bought, sold, or held as an investment, similar to other cryptocurrencies.

EOS's Impact on Finance

EOS has made a significant mark in the financial world, especially in the realm of decentralized finance (DeFi). Its ability to support commercial-scale dApps gives it an edge in the blockchain space. With its high transaction speed (up to 4,000 transactions per second) and scalability, EOS offers developers a robust platform for creating financial applications that can cater to a large user base.

EOS token economy and structure allow users to actively participate in decision-making processes, a feature highly valued in the decentralized finance space. However, like all cryptocurrencies, EOS faces challenges, including competition from other platforms and concerns about centralization. Still, its potential to reshape the financial landscape through decentralized applications remains undeniable.

What Determines EOS's Price

In the dynamic world of cryptocurrency, the EOS price today is influenced by a myriad of factors that are constantly shifting. The EOS current price can be analyzed through a detailed EOS price analysis that takes into consideration various aspects including market trends, investor sentiment, and the broader cryptocurrency market movements. Investors and enthusiasts keenly watch the EOS price live on various platforms to make informed decisions. The EOS coin price is also significantly affected by developments in the blockchain technology sector, with innovations and updates potentially driving a surge in price. Furthermore, the EOS market cap is a critical indicator of its overall market position, often influencing the EOS cryptocurrency price directly.

The EOS price history paints a vivid picture of its journey since inception. By studying the EOS price chart, investors can glean insights into the patterns and trends that have historically influenced the EOS USD price. Moreover, the EOS coinmarketcap is a vital tool that provides a snapshot of its current market standing, helping investors to gauge the potential EOS future price. Additionally, the EOS price in USD allows investors to understand its value in different economic landscapes, aiding in a more comprehensive investment strategy.

In the realm of cryptocurrency investments, making an EOS price prediction is a complex task that involves analyzing a plethora of data and trends. The EOS price forecast is often based on technical analysis, which scrutinizes the EOS price graph to predict future movements. Furthermore, the EOS all-time high price serves as a benchmark, indicating the potential heights the cryptocurrency can reach. Investors are always on the lookout for EOS latest news, as developments and announcements can have a substantial impact on the EOS crypto price.

To stay ahead in the investment game, it is essential to keep a close eye on the EOS to USD conversion rates, as fluctuations in this metric can signify broader market movements. Investors are constantly seeking insights into the EOS future price, utilizing various analytical tools and resources to make educated predictions. As the EOS blockchain continues to evolve, it is anticipated that the EOS cryptocurrency price will reflect the advancements and growth in this sector. By keeping abreast of the EOS latest news, investors can position themselves strategically to capitalize on potential opportunities, making the most of the dynamic and exciting world of EOS investments.

Current price:

$0.7594More price details

All-time high:$22.89

All-time low:$0.4015

EOS supply and tokenomics

Circulating supply:1,537,071,000 EOS

Total supply:2,100,000,000 EOS

Max supply:0 EOS

Market cap:$1.17B

Fully diluted market cap:$1.59B

Token allocation:

Participants

90.00%

Team

10.00%

Tokenomics:

Uniqueness

The EOS Network is a 3rd generation Layer 1 blockchain that is low-latency and highly performant blockchain that liberates developers to align their build with what they imagine—bringing together programmable architectures, versatile blockchain infrastructures, and custom smart contracts. What makes EOS unique is its technological stack and resilient community.

The EOS Network has many communities with vibrant ideas and leadership. Token holders primarily work with developers and other ecosystem leaders to promote growth. The EOS community values transparency, openness, honesty, accountability, liberty, respect, and different core values of a blockchain. EOS is the first blockchain with a community-led foundation and user support. On EOS, token holders elected a foundation to spearhead network growth. During this same period, a group of community members started the EOS live support for users on the network.

Token utility

$EOS is the native token of the EOS network which was initially launched on Ethereum and then moved to EOS network. It can be used for staking, governance, and other economic activities. $EOS has no supply cap. Inflation of 1% per year (the original inflation rate was 5%, changed in February 2020).

Unlike other smart contract platforms such as Ethereum, there are no fees when using a DApp or interacting with a smart contract. These feeless transactions are possible because of prepaid network resources that the developers pay for with their stake when they deploy a smart contract on the EOS blockchain.

In the traditional Web 2.0 world, developers pay for resources required for their application, such as servers, network bandwidth and domain, to deploy and run their application. The users can access these applications free of cost using their browser.

The same model is being applied here on the EOS blockchain, where the developers stake their EOS tokens in order to secure an equivalent amount of resources for their DApp. There are three resources that the developers can use on EOS:

CPU — The amount of CPU time necessary to process transactions.
NET — Network bandwidth required for transactions (data transfer).
RAM — Used by smart contracts to store data on the blockchain.

Based on the size of the stake, the developers can secure an equivalent amount of resources from the EOS network to host and run their DApps. Users can use the DApp without any transaction fees. When developers withdraw their staked tokens from the network, the EOS protocol will charge transaction fees from the inflation token.

Links

Website:https://eosnetwork.com/

Whitepaper:https://eosnetwork.com/blog/category/eos-blue-papers/

X:https://twitter.com/EOSNetworkFDN

GitHub:https://github.com/AntelopeIO/leap

Buy EOS for $1Buy EOS now

What is the development prospect and future value of EOS?

The market value of EOS currently stands at $1.17B, and its market ranking is #82. The value of EOS is widely recognized by the market. When the bull market comes, the market value of EOS will likely continue to increase.

Moreover, if EOS can play a greater role in practical applications, such as EOS builders fully leveraging the potential of EOS, partnering with more businesses, and increasing its user base, the long-term value of EOS will be significantly enhanced.

What will the price of EOS be in 2025?

Based on EOS's historical price performance prediction model, the price of EOS is projected to reach $0.9797 in 2025.

What will the price of EOS be in 2030?

In 2030, the EOS price is expected to change by +7.00%. By the end of 2030, the EOS price is projected to reach $2.16, with a cumulative ROI of +175.06%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of EOS and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

EOS price EOS price prediction EOS news

Is EOS worth investing or holding? How to buy EOS from a crypto exchange?

If you want to buy EOS, the following information may be helpful for your investment decisions:

In the last 7 days, the price of EOS has fallen by -9.51%, leading to negative returns for most EOS investors. The market is currently pessimistic about the price trend of EOS.

It is important to note that the current price of EOS has retreated by -96.68% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether EOS is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in EOS or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of EOS, if you want to buy or sell EOS, you can consider Bitget for your trading needs. The best place to buy EOS is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in EOS has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy EOS. Here's a step-by-step guide on how to buy EOS on Bitget.

Buy EOS now Coin buying guide

How to get EOS through other methods？

Using cash to buy EOS is not the only way to obtain EOS. If you have the time to spare, you can get EOS for free.

Learn how to earn EOS for free through the Learn2Earn promotion.

Earn free EOS by inviting friends to join Bitget's Assist2Earn promotion.

Receive free EOS airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to EOS through Bitget Convert, Bitget Swap, or spot trading.

What is EOS used for and how to use EOS?

The use case of EOS may expand as the crypto market and the project itself develop. Currently, you can use EOS to achieve the following goals:

Arbitrage by trading EOS: Since EOS is a frequently traded cryptocurrency, the price of EOS is always fluctuating. Earn more EOS by buying low and selling high on the exchange. Bitget spot market provides a variety of EOS trading pairs to fully meet your needs.

Earn by staking EOS: You can also generate income through financial management methods such as staking EOS or lending EOS. Bitget Earn offers a variety of financial products designed to help you earn more income from your EOS.

Send or pay EOS: If you want to give EOS to your friends, a charity, or a fundraiser, or you want to pay someone with EOS, you can quickly and easily send EOS to the recipient through their payment address.

You can also go to the official website of the EOS project to learn more about the use cases of EOS. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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