What is EOS crypto? All you need to know

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What is EOS crypto? All you need to know

What is EOS crypto? All you need to know
Image source: © Tobiasarhelger | Megapixl.com

Highlights:

  • The EOS platform helps developers to create decentralized applications (DApps).
  • The platform was developed by Block.one and launched in June 2018.
  • The EOS coin is available for trading on exchanges like Binance, Coinbase, etc.

The EOS (EOS) crypto, along with other altcoins, were trading in the red zone on Tuesday, and so was the broader crypto market, which shed 2.60% to US$1.46 trillion. Bitcoin (BTC) tumbled 3.59%.

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What is EOS crypto?

The EOS platform helps developers create decentralized applications (DApps). It claims to be an easy-to-use platform for people to embrace blockchain technology.

It focuses on simplifying its functions by providing programmers tools and educational resources to support them in quickly creating functional applications.

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In addition, it claims to offer high scalability or transactions per second than other blockchains.

EOS claims it seeks to provide users better blockchain experience, robust business, and security. It also pledges to solve the flexibility and compliance issues for enterprises.

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The platform was developed by Block.one and launched in June 2018. The EOS coin is available for trading on exchanges like Binance, Coinbase, Kraken, etc.

Some social media users hilariously described the EOS as "Ethereum on Steroids". Despite a steady fall in the token price since its launch, some investors still believe in its growth potential.

For instance, Yves La Rose, an EOS blockchain community member, launched the EOS Network Foundation (ENF) to help bolster the project. But some community members have blamed Block.one for its decline. The token reached an all-time high of US$22.89 in 2018.

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EOS crypto price and performanceData Source: CoinMarketCap.com

Bottom line:

The EOS coin was priced at US$1.80 at 9:04 am ET on May 10, down by 3.16%, while its volume for the last 24 hours skyrocketed 139% to US$1.10 billion. It has a market cap of US$1.78 billion, and its fully-diluted market cap is over US$1.89 billion.

The token has a total supply of 1.05 billion, and its current circulating supply is over 989.08 million. The token saw the highest price of US$2.86 and the lowest price of US$1.61 in the last 30 days.

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