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2021-02-14


EOS price rebounds, more attention is on the way

eos-price-rebound-more-attention-is-on-the-way

In the last few days the price of EOS has bounced back, and is breaking its resistance. In the last 7 days it has had a 54% increase, reaching the price of $5.4 that it hasn't touched in exactly 1 year. As the price recovers, we are starting to see more interest about EOS information as well.

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Spanish cryptocurrency media tokensgratis posted an article "EOSIO Blockchain and the EOS Cryptocurrency" to popularize the basics related to EOS blockchain.

"What is EOS? Well, EOS is the native cryptocurrency of the EOSIO network, a project created by the company Block.one. According to the White Paper, it proposes the creation of a "software that presents a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications" and with that idea it was planted to the investor market to become one of the most successful ICO's in history."

"EOSIO blockchain is a decentralized system that as I say, works with its native cryptocurrency, EOS; and supports all kinds of decentralized applications (DApps) on its platform."

The article is a typical EOS-related introductory level article that can make more newcomers understand the knowledge and concepts related to the EOS blockchain. The article went on to explain how Delegated-Proof-of-Stake (dPoS) worked, and concluded with the benefits of EOS:

  • Have the capacity to handle millions of daily users.
  • Be 100% free for users.
  • Have low latency between operations.
  • Be able to perform updates easily and quickly.

on these points the EOS project has tried to stand out from other blockchains.

"An important issue of EOS is that users do not have to pay for using the network, which means that there are no commissions for transactions within it. However, there are other resources within the network that must be paid for."


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