What is so intriguing about EOS crypto and the platform? Is it a scalable blockchain network?

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In the world of blockchain, EOS or Electro-Optical System is a platform that is developed with a single objective to drive dApp or decentralized application development. With the development in blockchain technology, Cryptocurrency exchange development in India is taking the center stage. EOS cryptocurrencies are developed to run on the EOS blockchain and aims to compete with the Ethereum blockchain.




EOS blockchain – What makes it unique?

Best depicted by crypto experts working for Crypto development services, the EOS blockchain seems to be a powerful infrastructure for the development of decentralized apps or dApps. However, the EOS blockchain network is quite similar to the Ethereum network and allows for seamless development of blockchain-based projects on it. The network is highly scalable for the implementation of centralized models and makes use of delegated Proof-of-Stake consensus mechanism.


Key Takeaways of EOS blockchain –

·         Blockchain network capable of managing and controlling blockchain-based decentralized apps.

·         EOS tokens or crypto can be traded on the EOS blockchain and parallelly in any other blockchains.

·         dApps run on an EOS blockchain network with the lowest latency, providing a good user experience.

·         Blockchain platform offering parallel processing for equal distribution of workload and saves time.

The EOS blockchain platform is a DIY platform supporting both private and public blockchain networks, and the blocks can be established almost 13 times faster. Be it flexibility, scalability, and speed, these characteristics are possessed by the EOS blockchain. What makes EOS different, is the capability of handling a multiple number of transactions every second. Another good thing is that EOS crypto tokens are eligible to be traded on other cryptocurrency exchanges and can be stored in digital wallets as well.


How does the EOS blockchain operate?


As mentioned earlier, the EOS blockchain is similar to the Ethereum blockchain and offers the immense capability of the development of decentralized applications or dApps. EOS operates on the POS or Proof-of-Stake consensus mechanism which is highly scalable and it allows for instant block production every 0.5 seconds and 126 blocks each time.


EOS totally relies on the delegated Proof-of-Stake and operates only by proper authentication, valid permission, data hosting, and communication between the DApps and the Internet as well. This decentralized network is only meant to support decentralized applications. The blockchain allows building smart contracts built on it and allows the developers to release dApps, without giving the control to an entity or person. With the delegated Poof-of-Work consensus mechanism at work, the EOS blockchain will be able to solve the issues with the Ethereum blockchain.


Backed by the Distributed Ledger Technology or DLT, EOS trading is now gaining pace and more EOS crypto tokens and coins are created with a total supply of 1.02 billion coins. EOS tokens can be a new way of earning from crypto and can be the same as Bitcoin mining. With the positive development of the EOS blockchain, crypto tokens are predicted to soar to new heights by the end of 2022.

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