Currently available in the United States; coming soon in 31 countries in Europe.

Currently available in the United States; coming soon in 31 countries in Europe.

Currently available in the United States; coming soon in 31 countries in Europe.

EOSIO Blockchain (EOS)

Not currently supported on BlockCard; data on currently unsupported cryptocurrencies is included for your convenience.

EOS is a blockchain created to compete with Ethereum. Similar to Ethereum, EOS supports smart contracts and industrial-scale DApps (decentralized apps) and allows users free transactions, high transaction throughput, and improved performance.

In 2017, EOS held a year-long ICO (initial coin offering) with 20% of their tokens being distributed over five days, a further 70% distributed over the rest of the year, and the last 10% held in escrow for Block.one.

That year, EOS raised $4 billion. The blockchain went live in June 2018 and was the fifth-largest token on the market – enjoying a market cap of $13 billion. It is now in the top 10 of CoinMarketCap, boasting $2.5 billion market capitalization.

EOSIO Blockchain (EOS) To USD | EOS Conversion Calculator

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What is EOSIO Blockchain (EOS)?

EOS depends upon delegated proof-of-stake (DPoS) consensus. Users elect 21 block producers, who make governance decisions and process transactions. Generally, block producers are companies with the capability of providing ample computer resources and consistent uptime. Good block producers earn rewards, while those who aren’t reliable fall from rankings.  

 The EOS protocol operates similarly to Google Play Store or Apple App Store, behaving like a real computer, including the hardware (CPUs and GPUs) for processing, memory, and hard-disk storage. These computing resources are equally distributed between EOS holders.

EOSIO Blockchain (EOS) Market Price Ticker Chart

About EOSIO Blockchain (EOS)

The EOS token has a few different applications:

  • EOS holders elect block producers
  • Block producers can earn the tokens 
  • Transactions can be reserved by DApp developers using the token
  • Coin holders can earn rewards by staking on EOS REX
  • Users can spend the token in DApps and on other websites

EOS depends upon delegated proof-of-stake (DPoS) consensus. Users elect 21 block producers, who make governance decisions and process transactions. Generally, block producers are companies with the capability of providing ample computer resources and consistent uptime. Good block producers earn rewards, while those who aren’t reliable fall from rankings.  

There are a few concerns with EOS:

  • Its power is somewhat centralized 
  • DApp developers must pay for transaction bandwidth
  • Spam transactions continue to be a problem
  • Block producer corruption is a potential 

The EOS cryptocurrency is available on many major exchanges, including Coinbase Pro, HitBTC, Binance, KuCoin, Bitfinex, OKEx, Bithumb, Poloniex, Gate.io, Bittrex, Huobi, Kraken, and Switcheo. 

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