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What is EOS?

Launched in 2018, the cryptocurrency EOS quickly gained popularity, becoming a great player among digital currency market leaders. Today, it is one of the top 10 platforms of its type by capitalization.

The main advantage for users is the instant transaction processing, which, combined with a user-friendly interface, allows EOS to be suitable for commercial and personal purposes.

Features and advantages of EOS 

EOS is an open-source blockchain platform prioritizing security, high performance, and multiple features. This combination makes it possible for developers to use it to create projects not available in other blockchains. Many PassimPay users choose EOS.

These are not all the benefits of using EOS! Cryptocurrency also has several other advantages:

  • high scalability. So, it can run thousands of applications simultaneously;
  • free access to the platform features. However, users need to pay extra for the cloud service, as well as additional resources;
  • account restoration using a protocol. This is particularly relevant if the password is lost;
  • a short and clear address, which is also important when using EOS.

The platform operation is based on the DPoS consensus mechanism, which stands for delegated proof of ownership. It takes control over the adherence to the network protocol rules, thereby guaranteeing the integrity of transactions.

 

Forecast, outlook, and where best to store EOS

Experts note the high liquidity of EOS, so it is quite popular on currency exchanges. Pairs of EOS-USD and EOS-EUR are also relevant.

Having quickly entered the cryptocurrency market in 2018 and quickly becoming one of the leaders, EOS continues to improve its ranks to the top blockchain platforms. Daniel Larimer, the chief ideologue of the project, plays a key role in the development and remains a significant player in this market.
    
The coin has excellent profit-making prospects and can take a place in your investment portfolio. The simplest and safest way to store and convert EOS into more than 45 coins and vice versa is the PassimPay currency exchanger. It is easy to use, offers a great variety of exchanging directions, and charges low fees for exchanges and withdrawals.

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