We are back with our weekly post – ‘Crypto of the week.’
Firstly we hope you’ve all had a great week and enjoyed the massive hype Bitcoin (currently at $11,700) and other Crypto’s have received over the past few days.
Our Crypto of the Week goes to EOS. We have been mentioning EOS in many of our posts over the past couple of months. We first brought EOS to your attention when it was priced at under $0.70. At the time of writing EOS is now at $3.90.
So 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.
Dan Larimer is the visionary behind Steemit and Bitshares. He also behind EOS. On his linkedin page, he states the following:
Leading the development of the technology behind block.one’s EOS project. As the first smart contract with parallel processing, EOS has the power to solve blockchain technology’s biggest challenge: scaling to support big, commercially viable applications.
EOS’ website is found here for those who want to read more on this exciting new Crypto.
We wish you all a great week ahead. Please feel free to contact us if you have any queries or would like to get in touch.
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