EOS project is unique in a number of ways compared to other blockchain initiatives taken by other prominent players in the cryptocurrency industry. EOS has been invented to replace web-based applications by blockchain applications to help businesses retain the same structural principles. This is specifically significant as no change in the basic structural rules means that there is no need to reinvent business processes and features.
To help the widespread adoption of EOS, the blockchain has the ownership model, which means there is no transaction fee concept involved in the process. Depending upon your requirement, you can decide to buy a stake and accordingly, you will become entitled to use the network’s allocated capacity. The second biggest advantage of EOS blockchain is its high scalability as the network is capable of performing millions of transactions/second.
Unlike other cryptocurrency projects, EOS doesn’t require any kind of hard fork in order to make substantial changes in its operating procedures. The decisions can be taken with the help of the majority, which means it is not required for the whole blockchain to participate in polling, thereby bringing a considerable amount of time-saving while aiding quick decision making to the table.
EOS coin is the native cryptocurrency to EOS blockchain and the coin continues to remain in the news owing to its popularity in the Chinese market. EOS price news is received with great interest in the crypto industry, with both crypto experts and investors track current EOS news regularly to predict and make sound financial decisions.
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