EOS (EOS) Price – Current Live Value

EOS (EOS)

EOS (EOS) is the cryptocurrency of the EOS.IO platform launched for public use in 2018. It is a Smart Contract platform designed for the development of enterprise-level decentralized applications, such as those used by major businesses in their operations. The blockchain itself supports the processing and storage of related data for free, with the volume limits based on the number of the coins held. The value of EOS rose and fell in the 2018 digital currency boom and bust, but it has since made a rapid increase after reaching a bottom near its pre-boom prices. It is currently a top 10 digital currency by total market cap.

The EOS platform can be conceived of as a giant virtual computer, and the owners of the coins have a proportional stake in its operation. This includes the capacity to use the resources of this virtual machine in terms of blockchain operations and also the ability to vote on the direction of its future development.

It uses an advanced Proof-of-Stake system, which allows it to operate without charging fees and avoid the issues involved in crypto mining. Users are also able to sell some of their excess capacity to other users based on the number of coins that they hold. EOS coins are also available for trading on most cryptocurrency exchanges.