On 2 June EOS will release version 1.0 of its EOSIO software, meaning that current tokens which are held on the Ethereum network will be swapped to new EOS tokens.

 

The price of EOS has risen from around $5 in the middle of April to over $20 earlier this month ahead of its anticipated blockchain launch.

 

EOS has always intended to have its own blockchain, it hasn’t however been smooth sailing, and bugs are expected in the first release which has seen the price fall from its $20 high.

 

For those of you who have purchased EOS tokens, be sure to visit this blog on the EOS website for details on what you need to do to ensure your tokens are transferred from the Ethereum blockchain to the new EOS blockchain prior to 2 June.

 

What is EOS? 

EOS will be a platform to support decentralised (no central authority or central location) applications. This means that developers will be able to build apps on EOS. It basically works as a decentralised operating system for the creation of applications. This is what makes EOS different to the other Crypto’s out there.

 

Developers will be able to create apps cheaper on the EOS operating system, they will also be able to communicate with each other.

 

In order to use the EOS blockchain, a developer will need to own EOS coins. The applications running on the EOS platform will be able to communicate with each other.

 

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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.