MUST HODL

in blockchain •  7 years ago  (edited)

Every day I become increasingly fascinated by the endless possibilities blockchain technologies will bring humanity. I am fairly new to the crypto/blockchain space and have only been doing my research for a little over 2 months now. However, I want to share my thoughts with everyone and hear what you guys think so hopefully we can exchange valuable content with each other.

Personally, my favourite blockchain that I think will become a leading technology soon is EOS. I mentioned in my first ever blog post how much of a fan I am of Dan Larimer. <>He's already built two fully functioning blockchains in the form of Bitshares and Steemit. Both serve totally different purposes, yet similarly they are both currently sitting in the top 100 on coinmarketcap and interestingly BOTH are the <>top 2 most used cryptocurrencies in terms of network activity. So we have a leader who knows how to build and maintain a fully functioning blockchain.

EOS has been releasing tokens now for the past 6 months and will continue to do so until June 1st 2018. One of the reasons block.one has done this is to regulate the tokens so that huge investors cannot buy large portions all at once, creating fairness. From a business perspective, it also allows them to create more revenue that they will use in the future. Block.one have already raised over $1 billion from token sales that they want to give to developers who switch over to the EOS platform, which will entice them to try the software for free. 

We have also discovered how both Bitcoin and Ethereum have experienced problems in the past regarding scalability. Bitcoin transactions have increased substantially over the past 12 months, however, there are not enough miners to process these transactions, while the popular game Cryptokitties has caused the Etherum network to crash after a large number of transactions needed to be processed. EOS can possibly handle over 1 million transaction p/s thanks to it's 21 masternodes on its delegated proof of stake network. 

Finally, a recent announcement from South Korea explained how further tokens will be airdropped to EOS token holders allowing to claim more tokens as extra incentives.

Guys there are so many more things I could mention like the language developers will be using, how the tokens can be used to rent out to developors in the future but I wanna hear from you guys. I think the marketcap will hit $750 billion in 2019 or 2020, provided everything is functioning optimally which will put the price of 1 token over $1100. Comment below if you agree with me or hey maybe i got it all wrong and you think i'm a noob. 

Whatever happens good luck guys and may we all be driving around in Lambos one day

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Thanks for post. I too am fascinated by Crypto and blockchain and all. EOS seems bitchen but also so much to be revealed. So much of Crypto is based on faith it seems. Contrary to the hard science behind it all! If the end goal is Lambos for all aren't we just extenuating a world of imbalance that already exists rather than changing the world of the better for all? It's my biggest (and I hope healthy) skepticism about the whole thing.

  ·  7 years ago (edited)

Money doesn't buy happiness but id rather cry in a lambo

But on a serious not you make a fair point but i'm not only in this for monetary gain. I've been investing into cyrptos because they fascinate me and they can solve real world problems that have plagued societies for generations. Theres nothing wrong with spending a little bit on the side though wouldn't you agree ;)

Excellent post. EOS is shaping up to be a very powerful cryptocurrency long term. Thanks for sharing your research!

That's not bad and I think the same...especially because EOS and its team is focused on public general use of tokens in popular applications, and can boost the power of ethereum up...
I think the price will hit at least 500$ in 2018...I have reasons to say it will not jump that fast up to 1000$...
my next posts will be about analyzing EOS and ADA and IOTA...stay tuned
follow @bitpost

keen as a bean mate. I'm also bullish about ADA and IOTA also, however, these are long term projects who are still in the proof of concept stage, whereas EOS is going to go live soon. Exciting times!

Good post, request you to follow me and upvote please. I am also following and upvoting you.
Thank you

will do champ