Introduction to Cryptocurrencies: EOS, another Star in the Cryptocurrency Field
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
EOS (Enterprise Operation System) is a brand-new blockchain-based smart contract platform developed by Block.one. The goal of the EOS project is to implement a blockchain architecture similar to an operating system that supports distributed applications. The EOS coin we are talking about today is a token based on the EOS project.
You may have heard this popular saying before: “In the cryptocurrency circle, only 10% of people buy Bitcoin, and only 10% do not buy EOS.” Exaggerated as it may sound, it is a telling proof of EOS’s popularity.
Since the birth of Bitcoin, the digital currency market has never stopped the innovation. Cryptocurrencies have emerged in an endless stream, like LTC and XRP, which we have introduced before. But as you know, the market is always the touchstone, and only those that have stood the test of time can survive. One person named Daniel Larimer stands out among many innovators. He is known as a blockchain wizard. Many people refer to him as BM, the abbreviation of Bytemaster , which is also his username at bitcointalk on the Bitcoin forum.
BM observed that centralized exchanges caused too many unnecessary troubles due to some artificial factors, and many of exchanges even closed down, leaving a mess behind. Therefore, BM decided to create a decentralized exchange — Bitshares as we know it. However, two years later, he left Bitshares and founded Steemit. Later, he left Steemit and started to engage in the EOS project in 2017. After several twists and turns, the story of an unusual “grapefruit” starts.
Everyone knows that Bitcoin only supports up to seven transactions per second, and Ethereum up to 15 ...