Because of the high volatility of the cryptocurrency sector, lots of cryptocurrencies are being subject to high drops or increases at their prices in the long term. EOS can be given as an example of such cryptocurrencies. EOS made a fast entrance into the sector and got its spot among the top 10 cryptocurrencies. However, it just lost its value and its ranking day by day.
How does EOS Work?
EOS serves as a platform on which you can develop decentralized applications such as Ethereum‘s being a platform on which you can develop lots of ERC-20 based cryptocurrencies. In this concept, one can develop decentralized applications aiming accounts, identity verification, databases, asynchronized communication and application programming. Thanks to its technology, EOS has the capacity to process millions of transactions in a second and do it in a way that both costless and very efficient for the fast and easy setup of decentralized applications. The firm behind EOS, Block.one emphasized that they want to focus on project-based technological solutions.
EOS Token Supply
The EOS team shared that they are not going to develop any applications by themselves because of the open-sourced coding they have provided. Instead, the team wants the members of the platform to do this and create a truly decentralized platform. There are currently 948.062.947 EOS supply in the circulation.
How to Buy EOS?
EOS can be bought from Binance which is one of the leading cryptocurrency exchanges with its over 1 billion dollars of a daily trading volume.
