RE: What is EOSBIT?/get to know the eosbit early

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What is EOSBIT?/get to know the eosbit early

in eos •  7 years ago 

This is indeed the direction we are taking it. Think of them as tokens to use dapps and gain perks within dapps and maybe even some other cool things. :)

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@officialfuzzy, hi there, I was wondering if there was any new information about eosbit on how it is working, now that eos has gone live. is it equivalent to an eos token and where can we get more information on this eosbit? Cheers

  ·  7 years ago (edited)

Yes me too, I don‘t get it. how do eosbit work. They intended to be worth bandwidth in EOS but EOS is worth bandwidth in EOS . So ... Something with crosschain ?
Ok It´s on Bitshares but what is it?

Maybe they are equivalent to an eos token or backed by one?

you can purchase eosbit on bitshares 😃

Hi Marshall,

thanks, I will pick up some, how does eosbit differ from eos, As the eos tokens represents bandwidth on the EOS blockchain. If you own 1% of the tokens you are entitled to use 1% of the network. Cheers

Hi Officialfuzzy

https://cointelegraph.com/news/eos-ram-prices-skyrocket-amid-network-speculation

I found this article, does EOSBIT help alleviate this problem, looks like bandwidth is a problem on the EOS network?

thanks