Crypto currency EOS - the main competitor of Ethereum or the project without realization, in which 4 $ billion is invested?

The crypto industry is developing confidently and the coins of the last generation, such as Bitcoin, have come to replace new, more functional and powerful ones like the Etherium. The latter set the tone for the production of crypto-platforms, and this trend led to the appearance of a large number of such competitors on the air. One of the most promising of them is called EOS, which is called only "etherium on steroids." But, it turns out, not everything around EOS is iridescent and the token has become really scandalous. What is the reason for the sensation around EOS and is it worth expecting from a future breakthrough platform?

EOS - a powerful platform or an empty idea?

According to the creators, EOS - is the most powerful infrastructure for creating distributed applications. Taking as a basis of his project Efirium, the developers took into account its disadvantages and offered the world a revolutionary new product - a platform that processes millions of transactions per second ... but so far only in theory. Dan Larimer's idea is really interesting and if it is properly implemented, Vitalik Buterin will indeed have to nervously smoke on the sidelines.

In many ways, EOS is a unique case for the crypto industry. At first, ICO This project has been going on for a whole year - compared to other projects that collect investment within a month, this looks, at least, strange. Secondly, the token is unique in that it made its way to the high positions of the crypto-currency TOP without realizing it. In fact, at the time of the brisk bidding EOS was nothing more than just a pacifier - only recently ICO was completed, and the creators of the project made the transfer of tokens to their platform, freezing the previous tokens ERC20.

Another unique nuance is that in fact EOS turned out to be a very profitable token and already at the moment it has risen in price by 1484%: at the initial stage ICO The sale was conducted at the price of 0,92 $, Now the rate has reached the mark in 14,95 $. Therefore, the opportunities to make money on the token were enough not only for the first investors, but for any willing speculators. Well, one can not help saying that EOS tokensele was the most successful in the history of the crypto industry and collected 4 $ billion of investment, ICO Telegram!

What is the EOS platform?

If you ignore the oddities of the EOS and the scandals surrounding this token, you can learn the whole essence of this project. Platforms created in the image and likeness of the Etherium are not just decentralized payment systems. They represent the opportunity for developers to create on their platform such applications on the block, having a wide variety of directions. For example, you can "build" a database, a social network, your payment system on the Etherium and its partners - this list can be expanded as much as you want, since the possibilities block are truly limitless.

But most of these platforms face the main problem - the bandwidth of the system. Imagine that on the basis of the Etherium there will be thousands or hundreds of thousands of applications that will need to process their transactions and store a huge amount of information. How to ensure this Vitalik Buterin yet does not know, but knows Den Larimer, who proposed the idea of ​​EOS. That's why the project is called a "etherium on steroids" or a high-speed platform - EOS is a flexible system with unlimited scalability, which will allow creating an unlimited number of projects on it and at the same time the transaction speed will be extremely high. Well, if you add that the operations on such a platform will be almost free, it becomes clear why around the EOS, which is not really implemented, such a HYIP.

A crypto-currency platform from a scandalous developer

The creator of EOS - a person in the crypto industry known, moreover, is considered a developer extremely talented and productive for good ideas. But with the implementation of these ideas, Larimer did not work out. It is known that earlier he created Steemit and BitShares - projects with loud names that shot so well that they are still trying to inherit. Why did not the developer focus on these products? Yes, he just left them, and did not finish it. Larimer came up with good ideas, started inflating the HYIP around them, but when it came to giving the finished project to the world, the creator threw his offspring to the mercy of fate.

As for EOS, then Den Larimer says that everything will be different, because he took into account all the mistakes of previous projects and offers an ideal platform. I would like to believe that this is true, but the development of EOS is very similar to the situation with Steemit and BitShares. The incident was fueled by the discovery of some manipulations around the ICO. It turned out that on the first day of the auction, participation in krausefile was taken by none other than the developers themselves, for whom the tokens were sold for 0,10 $. This led to the fact that 15% of all tokens were concentrated in the hands of the platform creators, and the public raised a storm of emotions around the project. But the HYIP went to EOS for good and the coins began to buy out like hot cakes.

Exchange rate EOS

Not without scandals around the cost of EOS, moreover, Larimer and the company not only manipulate the rate of their own token, but also managed to collapse the cost of Ethereum. But first things first. In the direction of the developers of the project, which are called Block.one, there are accusations that they are actively earning on their coins, skillfully manipulating its price. And indeed, this is confirmed on the graphs of the EOS course. Agree, it is very strange that the coin gives out a vertical maximum and, after 10-minute delay, the rate also drops vertically.

And just the other day, Block.one was accused of influencing the Ethereum crypto currency rate. The fact is that the developers of the project collected investments on air and, as is known, received a solid sum of 4 $ billion. They have the right to spend these funds at their own discretion, and recently, Larimer and his colleagues decided to sell 200000 ETH. As you might expect, this large transaction had a big effect on the price of the air - something suggests that Block.one did not accidentally decide to convert such a large amount in coins of the competitor platform.

How to clear the EOS crypto currency and where to buy it?

One of the main differences between Ethereum and EOS is that of mining there is no new crypto currency. All issued tokens were sold during the course of ICO, and initially in tokensele were implemented tokens created on the blockbuster of the Etherium according to the standard ERC20, now they are frozen and there is an exchange of these pacifiers for real coins of the EOS platform.

Therefore, if you did not manage to get tokens of the project during the token, now you can get them only by purchasing on the stock exchanges. I'm glad that EOS is so popular that it is represented on almost all well-known trading floors. So, if you are registered on top-exchanges, then certainly, their list of trading pairs will allow you to purchase EOS coins.

EOS crypto currency outlook: forecast for 2018

EOS was a real breakthrough in 2017 - it's hard to find another such young coin under discussion. Along with an active interest in it, there were many scandals, intrigues and investigations that tried to convict the creators of fraud, and the token itself was useless. With varying success, it was successful, but on the popularity of the token, such attacks were reflected little - for the year ICO developers managed to collect an absolute record in the amount of 4 $ billion of investments, and the invested funds allowed investors to earn almost 1500% of profits! Very chic results, both for the project, which was constantly under some suspicion.

For a long time over the EOS the label of the project hung without implementation, but Den Larimer still moved from words to actions and tokens ERC20 has already been transferred to the EOS platform. Therefore, the talk that the dummy project has dropped by itself, the development of the platform is proceeding, let's hope that the developers will bring it to a successful conclusion.

What should an investor do? Drain Ethereum and Buy EOS? If the platform is fully implemented, then it can create serious competition for Ethereum, but frankly speaking, Vitalik Buterin's product is too powerful to just throw it on its blades. Firstly, Ethereum has a very strong community, partners and authority in the industry, and secondly, Buterin and the team are constantly updating the ether and fixing all bugs and shortcomings. Therefore, you should not expect that Ethereum will become useless - the probability of this is very, very small.

A more realistic version, in which both Ethereum and EOS will be popular, because they can with complete certainty exist in parallel with each other. Therefore, investors are advised to keep in their portfolio both crypto-currencies, which are promising and will definitely grow in the course. At the same time, the airwaves are completely suitable for long-term investments, but as for EOS, this is a good option for short- and medium-term investments.