eToro Market Research: EOS

An Initial Coin Offering (ICO) is the equivalent in the crypto-sphere of securities’ IPOs. Unlike IPOs, which are harshly regulated, ICOs are still lacking significant regulation and allow average Joe investors to support their favorite projects from a very early stage.Currently, EOS tokens are stored on the Ethereum blockchain. On June 1st, 2018,  the EOS main net will be released and the token will be swapped onto their own blockchain. Despite not having a running product yet, EOS is currently the 5th largest cryptocurrency in terms of market capitalization, proving the great expectations of the cryptocurrency community for this blockchain.A decentralized application (dApp) is analogous to a software application on traditional computers and websites. Unlike these traditional solutions, dApps run on a decentralized network formed by thousands of computers.Ethereum’s network, who currently employs a Proof-of-Work consensus protocol similar to that of Bitcoin, has proven to be slow especially during extended periods of maximum use. EOS aims to reach a capacity of millions of transactions per second, which should be enough for simultaneous and global-scale use of multiple viral dApps. For that purpose, EOS will use a state of the art Delegated Proof-of-Stake (DPoS) protocol.In the Proof-of-Work protocol, computers in the network compete to solve mathematical problems in order to obtain rewards in the form of coins, while securing the network. A downside of this is the high costs and environmental impact in terms of energy associated with this protocol.Brendan Blumer is a technology entrepreneur based in Hong Kong and the founder and CEO of He created Gamecliff, a service for selling in-game items, at the age of 14, and has since been involved with several technological projects before focusing on cryptocurrencies.Dan Larimer is arguably one of the most respected minds in the “crypto world”. He is the creator of the DPoS protocol, and two previous successful blockchain projects, Bitshares and Steem, the two blockchain projects with a larger user activity. Now, he acts as the CTO of and the main technical mind behind EOS.Market Analysis


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