Price of EOS (EOS) today
As of the latest data, EOS (EOS) is currently priced at $0.8165 with a market capitalization of $947.65M. The 24-hour trading volume stands at $503.26M, The circulating supply of EOS is approximately 1.12B. The cryptocurrency has seen a -3.1% decrease in value over the past 24 hours.
About EOS (EOS)
EOS is the native cryptocurrency that powers the blockchain protocol EOSIO, a platform for decentralized applications built on Ethereum. It aims to eliminate transaction fees and can handle millions of transactions per second. EOSIO uses sidechains to process transactions off-chain, reducing bottlenecks. The platform was developed by block.one and uses a decentralized consensus algorithm called Delegated Proof of Stake (DPOS), which is faster and more energy-efficient than traditional systems. EOS utility tokens are used for staking and accessing resources on the platform.
EOSIO raised a record $4.1 billion in its initial coin offering (ICO) in 2017, distributing 1 billion EOS tokens. The company has formed strategic partnerships and joint venture funds to support projects utilizing EOSIO technology in Asia and Europe. Co-founder Dan Larimer previously worked on defense projects before creating blockchain systems for decentralized applications. Fellow co-founder Brendan Blumer has a background in virtual assets and online gaming. EOSIO's success in fundraising and partnerships has positioned it as a leading platform for decentralized applications and blockchain innovation.
How does EOS work?
EOS is a decentralized blockchain platform that enables peer-to-peer transactions without the need for intermediaries. It operates on a delegated proof-of-stake consensus mechanism, where token holders vote for block producers who validate transactions and secure the network. EOS is known for its high scalability, fast transaction speeds, and low fees, making it ideal for applications requiring high throughput. Its unique features include smart contract functionality, which allows developers to build decentralized applications (dApps) on the platform. EOS has diverse use cases across industries such as finance, gaming, social media, and supply chain management, offering a secure and efficient way to conduct transactions and interact with decentralized applications. Its underlying blockchain technology and decentralized nature distinguish it from traditional financial systems, providing users with greater control over their assets and data while fostering innovation and collaboration in the digital economy.
How to keep your EOS (EOS) safe?
To keep your EOS (EOS) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets provide offline storage and encryption of your private keys, protecting them from potential cyber threats. Additionally, trusted platforms like Nexo, EarnPark, and Coinbase offer secure storage options for your EOS tokens, with features such as multi-signature authentication and cold storage. By utilizing these platforms and wallets, you can ensure the safety of your EOS holdings and protect them from unauthorized access.
