EOS is listed on CoinCola. What are the advantages of EOS?

When it comes to digital currency, which currencies come to your mind first?

In addition to Bitcoin and Ethereum, two well-known popular public chains, there is another currency that has attracted many new and old investors - EOS. EOS's powerful technology and excellent marketing have not only allowed it to remain in the top ten of the circulation market value for a long time, but also formed a super high popularity and recognition, and it has been included in the ranks of mainstream currencies along with Bitcoin and Ethereum.

BM, the founder of the EOS project, is a legend in the industry and a "serial entrepreneur" in the blockchain industry. His early project BitShares pioneered the DPoS consensus mechanism and was a pioneer in decentralized exchanges. He later created the blockchain content creation community Steemit, which directly influenced the rise of a large number of blockchain content platforms at home and abroad. In 2017, BM left Steemit and went to his third stop - EOS. As soon as it went online, it was recognized by a large number of coin holders. With the expansion of the digital currency market, EOS and Bitcoin have stood in front of ordinary people.

Looking back at BM’s blockchain entrepreneurial history, these three projects were among the top five in the digital currency circulation market value rankings at their peak. Technically, they all adopted the DPoS consensus mechanism and graphene blockchain underlying technology. Compared with the two predecessors, EOS is more like a culmination of all the above, which is the sum of BM’s many years of R&D experience.

So what are the main advantages of EOS?

1. The underlying technology creates high throughput. The decentralization of blockchain brings an obvious disadvantage, which is low operating efficiency. Bitcoin's TPS (transactions per second) is only in the single digits, and Ethereum barely in the double digits. In early 2018, the popularity of the Ethereum chain game CryptoKitties caused serious congestion in the Ethereum network, resulting in high mining fees for ordinary transfers and long waiting times. EOS, due to the use of graphene underlying technology and DPoS consensus mechanism, can reach up to millions of TPS, which is enough for commercial use. Of course, EOS still has a long way to go to achieve this goal, but the current TPS has reached the industry-leading level. To give the simplest example, when people speculate on coins, they often encounter situations where they deposit and withdraw coins from exchanges or transfer money between wallets. The transfer speed of Bitcoin and Ethereum is very slow, while EOS can basically be transferred in seconds.

2. Zero mining fee for transfer. Another benefit of the DPoS consensus mechanism is that it can achieve zero mining fee. When transferring or executing smart contracts on Ethereum, each transaction requires mining fee, while EOS uses an operation method similar to "ownership". Users holding EOS tokens can obtain a certain proportion of CPU, bandwidth and other resources, and use these resources to achieve free transfers and execute smart contracts with zero mining fee. For some entrepreneurial project teams built on the EOS chain, it saves a lot of money.

3. Strong compatibility. EOS has established a cross-chain interaction and virtual machine independent architecture mechanism. For example, the Ethereum Virtual Machine (EVM) set up by EOS can support the existing Ethereum and its functional contracts. The applications on the existing Ethereum contracts can run on EOS with just a little configuration.

In addition, EOS supports multiple programming languages, and has many existing modules such as role authority management, WEB toolkit for interface development, self-describing interface, self-describing database system, etc. It is safe, stable, flexible and efficient.

4. Huge mass base and application ecology. EOS has countless loyal fans inside and outside the currency circle. For a blockchain project, it is extremely important to have a broad mass consensus. EOS has maintained a high level of market attention since its release. At the same time, EOS is also welcomed by institutions and blockchain-related practitioners. In just one year after the launch of the EOS mainnet, there are countless wallets, decentralized exchanges, game DApps, etc. based on the EOS network, which has made efforts to build the infrastructure of the EOS ecosystem.

There are always controversies for popular projects, and there are also many controversies about EOS. On the one hand, there are doubts about the centralization of the DPoS consensus mechanism, and on the other hand, there is distrust of the founder BM who has changed jobs many times. The roller coaster of EOS's currency price also makes many leeks hate it. The early marketing hype once made EOS climb to a high of 150 yuan, and then fell to 30 yuan. It broke through the previous high before the main network was launched, and fell continuously after the main network was launched. Regardless of the outside world's views on EOS, it is a creative product that has taken the development of the entire blockchain industry technology a step further and has also allowed ordinary people to have a better understanding of blockchain and digital currency.

As an exchange focusing on mainstream currencies and protecting the safety of user investments, Keying Cola has listed a variety of mainstream currencies including Bitcoin, Ethereum, and Ripple, and recently launched the much-anticipated EOS. For rational and stable investors who only invest in mainstream currencies, Keying Cola has another investment option. For EOS investors, the safe, stable, and well-reputed Keying Cola exchange is the best place to go. Currently, users can trade EOS and other mainstream currencies on computers and mobile devices, and can also enjoy a 50% discount on advertising rates during the launch period.

According to the official announcement of CoinCola, it has launched EOS in the over-the-counter trading area on June 24, and opened EOS deposit and withdrawal services at the same time. At the same time, from the date of launch to July 7, EOS trading on CoinCola can enjoy a 50% discount on advertising rates and a maximum cashback of 624 yuan for EOS trading. Users can participate in the event by logging in to the website www.coincola.app or downloading the App.

This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!