It’s certain that EOS is keeping a good share on today’s crypto market. In this post, I tried to summarize everything about the coin as well as to prompt an idea on how to earn with EOS nowadays.

The idea of the EOS blockchain in its current state (EOS.IO) is to scale up to thousands of transactions per second (for instance, Ethereum is handling 20 transactions per second). EOS is based on the open source code. Its founder, Dan Larimer, had previously launched Bitshares and Steem.

Being a part of Ethereum blockchain, EOS went on sale in the middle of 2017 and the next year switched to the new mainnet prioritizing on scalability and decentralization. Besides, it has completely waived transaction fees.

Technology

The EOS is considered to be the first blockchain that is building their platform offering decentralized applications with the help of the Delegated Proof of Stake (further referred to as DPoS).

Unlike a simple Proof of Stake and especially the original Proof of Work systems, the DpoS serves a more effective decentralization and helps to avoid excessive consolidation of coins in one source.

Market outlook and earning

As of April 2018, the EOS coin price amounted for almost $6 and was equal to $2.72 by the time I am writing this review. Looks like the coin is slightly recovering from the November’s fall when its price was under $2.

It’s noteworthy that the most part of market predictions are expecting a surge of the coin in the coming years. It is one of the biggest tokens in terms of market capitalization and during 2017-last ICO the fund-raisers managed to collect more than $4 bln as an investment.

Moreover, did you know EOS is the favorite blockchain in China? It was mentioned in the June’s report by the China Center for Information Industry Development.

Available applications

Many online gaming platforms offer EOS coins as incentive. Of course, these games’ bounty amount is not really impressive, however, EOS is in the top list of the coins offered for doing such type of activity.

Of course, the EOS community has developed a range of tools and applications for all those who’d like to enjoy swift and free operations with EOS. To find what can be on their list for you, just check “EOS projects” website. However, for some, it may look too tech-savvy.

As for more common applications, you can have a look at Guarda, Freewallet and imToken wallets. Apart from EOS, Guarda is serving such coins as BTC, ETH, ETC, Zcash, Ripple, DASH.

The in-build exchange in the EOS-supporting imToken may sound a convenient option as well.

For sure, all of us are witnessing a bearish market for crypto today. I still believe it will face better times, nobody can predict an exact time for its recovery though. These days, we can scrutinize every asset in terms of its future, yield opportunities and see whether it is actually backed with promising technology. Considering a large team of developers and the current implementation of the coin, EOS is one of the most promising opportunities.