EOS Price, News and Analysis (EOS)

EOS (EOS) Frequently Asked Questions

What is EOS?

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”). This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores anor clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. For more information, please read the EOS.IO Technical White Paper. Blockexplorer: https://eospark.com/ In the case of EOS, circulating supply and total supply are available but max supply is not available, which indicates that EOS supply is infinite. The current cap is 1 billion tokens, there will be an inflation of up to 5% per annum to reward the block producers and they may use these to sell or to invest back into EOS dapps. Blockchain data provided by: Blockchair (main source), Bloks.io (backup) (Description provided by CryptoCompare)

How do I buy EOS?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including EOS.

What do investment analysts think about EOS?

Weiss Research, an investment research firm that rates cryptocurrencies, has given EOS an overall rating of "C", a technology and adoption rating of "C", and a market performance rating of "C".

Where can I get EOS wallet?

EOS produces its own wallet software that is available for download on its website, which allows you to store EOS on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of EOS?

One EOS (EOS) is currently worth $4.48 on major cryptocurrency exchanges. You can also exchange one EOS for 0.00007204 bitcoin(s) on major exchanges. The value (or market capitalization) of all available EOS in U.S. dollars is $4.30 billion.

What hashing algorithm does EOS use?

EOS is a delegated proof of stake (DPoS) coin that uses the DPoS algorithm.

How do I mine EOS?

EOS is a proof-of-stake (PoS) currency, which means that blocks on the EOS blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.

What coins are similar to EOS?

The following coins use EOS's DPoS algorithm and delegated proof of stake (DPoS) proof-type: Ark, Oxygen, Lamden, Credits, ADAMANT Messenger, SelfSell, BitWhite, Oxycoin, Theoscoin, Theoscoin, The Hash Speed, ALAX and Acet.

What is the Reddit page for EOS?

The official Reddit community (subreddit) for EOS is r/EOS.