[03/10/18] Exchanges start announce to support EOS Public Key mapping to Ethereum address

Recently, numerous cryptocurrency exchanges have issued announcements supporting the EOS main-chain mapping. So, what exactly is the EOS main network mapping and how does support or not affect our EOS transaction?

Let's talk about EOS. It is an abbreviation for Enterprise Operation System. It is a commercial distributed operating system. In other words, EOS, like Ethereum ETH, is a blockchain platform. From a cryptocurrency perspective, EOS differs from most tokens on the market because it is not based on the tokens of the Ethereum network, but is a new cryptocurrency that stands on its own. To make it easier to understand, EOS and ETH are one layer of things. The future EOS main-chain is completed, and various tokens based on EOS networks should appear.

However, since the EOS main network has not yet been lunched, the EOS currently traded on the market is actually a “false” EOS. It is a temporary EOS token based on the Ethereum ERC20 standard and can be used for investment transactions. After waiting for the real EOS main chain, the currently circulating EOS tokens will complete their mission and be replaced by the real cryptocurrency EOS.

Then there is the problem that the current EOS tokens and the real EOS in the future are not a same kind of currency, nor are they on a single network. Therefore, a redemption operation is required. The redemption operation is the EOS main network mapping mentioned at the beginning. The EOS main network mapping is to map the EOS tokens on the current Ethereum network to the EOS main network, thus forming a connection bridge. After the EOS main chain development is completed in the future, how many EOSs you have on the Ethereum network will be mapped to the EOS network and the conversion of the old and new EOS tokens will be completed.

It should be noted that the EOS main network mapping is not automatically done. Your EOS token will not automatically converted. After the main chain lunched in June 2018, it will be automatically converted into a real EOS. There is the need to establish a mapping. Individuals who manually do the mapping, the operation maybe more complex, and the private key is easily leaked during the process, which can easily cause the loss of assets. So, recently, many exchanges such as Huobi, Binance, Gate.io, Cointiger and others have issued announcements saying that they support the EOS main chain mapping. That is to say, EOS will be stored on these exchanges, and the main online line will automatically change for you. Become a real EOS.

If your EOS token is stored in your personal wallet, you should pay attention. If the wallet does not support the EOS main network mapping, then after the EOS main chain is lunched, it cannot be converted to real EOS. At that time, the fake EOS in the hand is really a fake EOS. So, people who plan to hold EOS for a long time should pay attention to whether your EOS token has been mapped before the EOS main-chain.
If you need tutorial of how to mapping your EOS token to EOS address, please leave the message and I will make a video tutorial showing how you do the mapping step by step.
Cheers!

I will post latest cryptocurrency related news (normally in 12 hours), if you interested, please Follow me:

Steemit - https://steemit.com/@somethingtodo123