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According to Coinmarketcap, Eos (EOS) is that the ninth largest cryptocurrency with regard to its capitalization of over half-dozen billion at its current value of concerning $10 USD per Eos token. However, over the past few weeks even with the dip within the cryptocurrency market, this cryptocurrency that was launched to trade around middle last year, has exhibited some spectacular level of stability considering the actual fact that the majority different altcoins knowledgeable a light-headedly call in value.

What is Eos (EOS)?

Taking a a lot of optimistic perspective, Eos coin are often compared to Ethereum. it's essentially a decentralized  good contract platform that gives associate system for building decentralized  applications (dApps). Touted because the basic answer to Blockchain’s thorny issues, Eos incorporates a delegated proof-of stake protocol that basically acts sort of a community of dedicated delegates, chargeable for transactional verification. not like ancient Blockchain, it claims that its Blockchain DPoS (Delegated Proof-of-stake) protocol is capable of upper transactional volume turnout with rates move as high as a hundred,000 transactions per second. moreover, it claims a capability to tackle the problem of transactional fees that has been a tangle since the increase of Bitcoin value. In fact, the coin proposes a zero transactional fee through the employment of Horizontal measurability.

The Team Backing EOS?

Just identical approach Ethereum is constructed on the Ethereum Blockchain therefore will Eos escort its own Blockchain known as Block.one. Block.one is essentially a Blockchain based mostly platform that enables for the testing and creation of multiple decentralized  apps. With the thought to form a programmable patchwork, the developers of Block.one together with Eos CTO Dan Larimer, area unit pushing towards the developments of a signal of stake thought that may alter decentralization of autonomous organizations on the platform. In fact, Larimer is credit because the creator of this revolutionary thought and boasts of a profound name within the crypto house

Can Eos (EOS) extremely Take Down Ethereum (ETH)?

Speculations and future prediction concerning explicit cryptocurrencies and their Blockchain protocols is nothing new within the crypto house. In fact, Eos has already had its justifiable share of attention with speculators mentioning its potential to outdo Ethereum due to the mix of Block.one and also the Eos cryptocurrency. beyond any doubt, Ethereum has already established itself because the biggest Dapp platform within the crypto house and whether or not Eos and Block.one can manage to scale that height is unknown. However, if the developments in Eos area unit something to travel by, there's little doubt that Eos will stand the check of your time because the most powerful infrastructure for decentralized  applications.

Bitfinex to line up a decentralized  Exchange

For instance, Bitfinex (a leading exchange within the crypto space) has only recently declared a move got wind of a decentralized  exchange supported EOS’s Block.one Blockchain platform. The new decentralized  exchange can fade the name Eosfinex and can not solely alter measurability of EOS as a Dapp platform however conjointly solve the antique drawback of decentralized  exchanges that charge steep dealing fees.

In a statement by J.L van der Velde (CEO of Bitfinex), the cryptocurrency exchange is “excited to leverage Eos.io to additional advance the sector of high performance and trustless on-chain exchange. Block.one continues to show associate unwavering dedication to up Blockchain measurability through the Eos.IO platform.”

Obviously, if the execution by Bitfinex becomes self-made, and additional development into the Eos platform is achieved, Eos (EOS) are on its thanks to competitory pound for pound with the massive players of the crypto house. For now, all that cryptocurrency enthusiasts will do is wait and see.