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What is EOS

EOS

¿What is EOS?

EOS is a more powerful blockchain platform for dapps.

The EOS.IO platform has been run by a private entity called, block.one.

This network was developed by Dan Larimer, founder of bitshares and steem, crypto platforms that are still in force, in 2017.

This entity allows processing a huge number of transactions per second, through horizontal scaling.

¿What does it offer?

EOS offers to suppress transaction prices that harm activities on the most common platforms.

Also, its structure gives the possibility of using decentralized applications and creating smart contracts.

¿How does it work?

The smarts contracts of the EOS network include an exchange contract.

It supports users to generate a transaction, which is an operation between two basic currency models.

The purpose of this contract is to traverse different currencies (all standard currency types on EOS).

Anchoring with the value of the EOS main chain and then starting trades with each other.

Delegated proof-of-stake development works as algorithmic support for the blockchain.

To these actions; Probabilities proportional to the value of the stake are assigned to it, based on which the nodes that update the block chain are selected.

To live up to his ideals, he proposes a similar but different new blockchain algorithm known as proof-of-stake.

This algorithm became known as Delegated Proof of Stake, this innovative algorithm implements a change in the way new blocks are created within the platform.

It implements that the same owners of the existing tokens can choose who will be the developers of the blocks.

To assist in that selection process, no specific requirements are needed.

Any user of the network can participate in being a developer of blocks on the iota network.

No instant, once the user has been selected as a developer, he must generate the blocks that are granted to him.

The developer has a period of 24 hours to carry out and fulfill their delegated functions.

If these guidelines are not met within the stipulated time, the developer will be replaced by a new user.

¿How is EOS regulated?

Being a decentralized res, there is no financial entity that regulates it.

¿Why do people use EOS?

People use Eos, as it allows users to receive and send transactions anonymously, which is a great attraction offered by the platform.

¿How is EOS different from other blockchains?

Unlike Ethereum, the EOS network is designed not to charge network transaction fees.

Also, this network works strongly on creating properties, currently from other blockchain networks.

Finally, if the network is affected by hacking, they can be instantly restored to a later, reliable system model.

¿Where can i buy it?

One of the ways where you can buy EOS is through Binance, as it has a large variety tradable in trade, you can exchange a cryptocurrency, fiat cryptocurrency or simply use a debit or credit card to buy the stablecoin, deposits are also allowed banking.

https://www.binance.com/

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more, you can visit the following link:https://coinmarketcap.com/

Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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