EOS.IO Cryptocurrency meaning by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about what is EOS Crypto currency.
What Is EOS.IO Cryptocurrency?
EOS.IO is a cryptocurrency token and blockchain that operates as a smart contract platform for the deployment of decentralized applications and decentralized autonomous corporations.
EOS Blockchain is aiming to become a decentralized operating system which can support industrial-scale decentralized applications.
What has captured the public’s imagination are the following two claims:
1) They are planning to completely remove transaction fees.
2) They are claiming to have the ability to conduct millions of transactions per second
Block.one, EOS.IO Ecosystem and Everipedia
Block.one is a company registered in the Cayman Islands, which begun offering EOS tokens in June 2017 to the public, raising over $700 million. Daniel Larimer is currently the Chief Technology Officer of block.one, notable for his role in building Bitshares, a decentralized exchange, building Steemit, a decentralized social media platform, developing delegated proof-of-stake and proposing the idea of a decentralized autonomous corporation.
On December 6, 2017, Everipedia, a for-profit, wiki-based online encyclopedia, announced plans using EOS blockchain technology and work on a airdrop token called IQ to encourage generating information. The IQ tokens are intended to be exchangeable for Bitcoin. One of the goals of the company is to stop certain countries from blocking the content, by the integration of the blockchain model. Once Everipedia is decentralized and hosted on the EOS platform, countries like Turkey and Iran that block Wikipedia will no longer be able to block it, via Everipedia’s fork. Mike Novogratz, CEO of Galaxy Investment LP, a cryptocurrency investment firm, and Block.one led a group of institutions that invested $30 million in Everipedia on February 8, 2018. Novogratz also funds EOS.IO Ecosystem, a $325-million joint venture between his Galaxy Digital LP and Block.one.
To buy the coin you can sign up with a cryptocurrency broker, you can use Plus500, XM, eToro, Fxpro or AvaTrade crypto currency brokers.
What Is EOS Cryptocurrency Conclusion
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