A little bit about the background of EOS for newbies

in eos •  7 years ago  (edited)

eos.jpeg

As a person who is so interested in cryptocurrency, recently the most eye-catching one for me must be EOS, so I started to do some research from scratch(YES, I knew NOTHING before) and I hope to know more about this new cryptocurrency.

All the code for EOS is written by Block.one, a Hong Kong-based company with a core team of genius software developers who specialise in Blockchain technology. Actually I was quite surprised when I found out that the company is based in Hong Kong because I live in Hong Kong!

Core Team includes:

NamePostBackground
Brendan BlumerCEOBusinnesses involved: okay.com, 1Group
Daniel Larimer(Dan)CTOfounder of Bitshares, architect of the Steem Blockchain, CEO of Cryptonomex
Ian GriggPartnerinventor of the Ricardian Contract, co-inventor of Triple-Entry Accounting
Brock PiercePartnerChairman of the Bitcoin Foundation, co-founder of Blockchain Capital

Positioning: Open source platform for scalable decentralised applications

Aim: Using the new Blockchain technologies to solve the scalability issues and high fees problems which appear on DAPP platforms

Protocol: Delegated Proof of Stake

Competitors: Ethereum, Waves, Lisk

The architect behind EOS(and STEEM also), Dan, is truly a genius and he put many brand-new ideas into his projects that are worth studying.

In fact, I think EOS is the best cryptocurrency that you should invest in right now.

To understand more about the advantages of EOS, you can visit here. Thank you for reading. :)

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Shame that those individuals that want to participate in the initial distribution of EOS from eos.io, but are sadly in the United States (like myself) are unable to obtain EOS directly from eos.io and instead we have to use the cryptocurrency exchanges to obtain EOS.

Wasn't the point of cryptocurrencies to maintain a certain level of both anonymous and decentralized? Nonetheless, hopefully the popularity behind the coin will help it increase in value.

Yes I believe it will increase in value and we are just so fortunate to have this price drop after the ICO kicked off, so that we can buy some.

Thanks for your info buddy ,keep it up

Thank you :)

Welcome buddy :)

I did,t know that. Thanks for posting it. Keep information free and bring it to us too.

You are welcome ;)

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Is it worth buying EOS at the current price? With so many ICOs I've no idea what has value and what will fail..