EOS (EOS)
| Market Cap | $1,070,727,443 |
|---|---|
| Trading Volume | $137,800,589 |
| Volume / Market Cap | 0.1287 |
| Total Supply | 1,079,643,738 EOS |
| Max Supply | – |
EOS is currently trading at $0.99, after a price change of 1.48% in the last 24 hours.
Ranked as cryptocurrency #39 by capitalization today, EOS market cap is valued at $1,070,727,443. EOS trading volume reached $137,800,589 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on EOS coin price prediction page.
EOS Coin Price PredictionWhat is EOS?
EOS is a blockchain platform facilitating the creation of distributed applications. It was introduced in 2017 by Block.One, an organization focusing on blockchain projects. The native token EOS is used to monitor usage and raise funds. Users who wish to build applications on the network must invest in these tokens. To access it, one must hold a specified number of coins.
Like Ethereum, this network can also host decentralized apps powered by smart contracts. However, the former does not offer much in terms of scalability, since each block has a fixed capacity. While Ethereum works on the proof-of-work model, EOS uses the delegated proof-of-stake protocol.
Coin holders have the right to vote to select authenticators. Those with larger stakes have greater voting power. The authenticators maintain the network’s safety and, in return, they get rewarded with EOS tokens. In case some witnesses are removed due to inactivity or unacceptable behavior, the backup validators get the chance to verify the orders.
By adding more systems to the pool, EOS is able to hasten the processing of transactions. For communication to occur, the presence of all parties is not necessary.