EOS Kurs

EOS is a blockchain network that was created to support smart contracts and decentralized applications (dApps). It focuses on scalability, transaction speed and requires no transaction fees. The network uses a form of Proof of Stake protocol, with the native coin called EOS. The coin is mostly used for network governance and funding further development.  

It was originally published by Block.one, and it's CTO Dan Larmier, who also founded Steem and BitShares. The main idea behind EOS was to create a product capable of handling thousands of transactions per second while working without direct fees.

Block.one had an EOS coin sale in June 2017, selling more than 200 million coins. Additionally, over the next year, 2 million coins were sold each day. A total of 900 million coins were sold for around $4.2 billion. 

The last 100 million were kept by Block.one, as development funding, linearly released for 10 years after the mainnet went live on June 6, 2019.

The network uses a delegated Proof of Stake protocol, based on 21 Block Producers (BP), who are voted on by coin holders. Anyone can become a block producer, as long as they have enough votes. It is also possible to replace a BP at any time, since the voting is ongoing.

Every 0.5 seconds, one block is produced by one BP. Once 15 BPs sign a block, it becomes irreversible.

EOS derives its value from supply and demand, just like all other cryptocurrencies. Sending EOS can be done 24/7 with extremely short transaction times and no fees, which has a lot of benefits to different users. Since EOS is required to perform basic operations on the EOS network, demand for EOS grows if the network becomes more popular.

EOS is available on most cryptocurrency exchanges and can sometimes be traded for fiat currency directly. Using BTC as a mediator is also an option if the exchange does not offer a direct EOS/fiat pair. It can also be traded privately with a trusted counterparty. 

Alternatively, you could contribute to the EOS network by staking, and earn some EOS coins in return.

Instead of mining the currency, users have the option to “stake” their coins. This makes the coins temporarily unavailable, but allows the user to receive additional coins, depending on the staked amount. 

Additionally, as the user has become a part of the network, they have the option to take part in voting on development proposals, monetary policies, or stakeholder bylaws. This opens the development to new and unbiased ideas, which has proven to be extremely vital for EOS.

The whole crypto market is generally considered highly volatile, investing large amounts of funds is not recommended without proper education and a thorough assessment of the associated risks. As prices tend to change rapidly, and small mistakes can lead to big losses, cryptocurrencies are generally seen as high-risk investments.

Currently, the common staking profit is around 1-2% on a yearly basis, which is nothing extraordinary. This profit can additionally be altered, depending on various factors, like the stake pool performance, future network changes, staked amount, rise in EOS popularity and many more.

One major difference from mining is that using hardware and spending additional power is not necessary for being a part of the stake pool. The pool manager is required to have some hardware, but these requirements are still negligible when compared to mining.

As of , the price of 1 EOS is .

This depends on the current market situation and the opportunities available. On this date, EOS is , and you can find relevant technical indicators on our EOS price prediction page.

The cryptocurrency market is a high-risk environment, so consider starting with smaller stakes if you do decide to make an investment in crypto. Never invest more than you’re willing to lose.

Large upfront investments are likely not the best option for the majority of investors. Instead, users can consider using a dollar cost averaging (DCA) strategy to mitigate the risks of price volatility.

Some exchanges offer a direct EOS/fiat pair, which would be the most efficient way of cashing out. If a direct pair is not available, changing EOS to BTC and then to any local currency is an easy option as well.

Alternatively, trading in person can prove to be more profitable, if it is possible to find someone trustworthy.

Successfully attacking the EOS network would require the control of more than 50% of the BPs, which would require a lot of votes to be cast to bad actors. Even though it would technically be easier to trick the EOS network than some Proof of Work one like Bitcoin, controlling 11 out of 21 BPs is not as straightforward.

Since BPs can be changed at any time, any kind of suspicious activity can cause the loss of votes, which could result in losing the BP status. Apart from that, BPs do not compete between each other to generate blocks, like with most other networks. On EOS, they work together and generate their own blocks, which are verified by other BPs.

The usage of cryptocurrency is becoming widely accepted, but the legality of crypto can still vary significantly from jurisdiction to jurisdiction. You can check the legality of cryptocurrency by country or territory here.

EOS has a defined inflation rate, which is currently 1%. Block Producers receive 0.25%, and Standby Producers receive 0.75%.

Standby Producers are producers ranked below 21 (the amount of BPs). There are hundreds of SPs, so even though they receive the majority of inflation, it is split between a lot of users.

On the other hand, BPs receive 0.25% of the total amount of EOS split between 21 BPs, which adds to a lot of EOS per BP.

Currently, there are EOS coins in circulation, and the supply is capped at 1,000,000,000 EOS.

The EOS network offers a few quite unique traits. Firstly, unlike most other networks, BPs do not compete between each other to generate new blocks, but rather work together in order to improve block generation efficiency.

Apart from that, many other networks use a transaction fee to charge for the resources used on the network, like renting network services. On the other hand, sending EOS does not require fees.

Every user is entitled to a part of the network proportional to the amount of EOS coins they have. So, users who do not have a lot of coins cannot use the network efficiently. 

This requires putting a lot of trust into the network. If you buy a lot of EOS coins, your network service will be amazing, however, you put yourself at risk of losing a lot of money in case EOS loses its value. On the other hand, investing small amounts of money can be ineffective since using network services becomes much harder.

Just like Bitcoin, the EOS Ledger is fully transparent, which allows anyone to see the addresses and amounts involved in any EOS transaction. This can potentially be a privacy risk, as a careful analysis of transactions could potentially breach your financial privacy. EOS Ledger transaction can be viewed on the EOS block explorer.

EOS transactions do not require any fee, however, some form of processing is needed to cover the network resources spent during the transaction. These mean that transactions require the user to use their CPU, RAM and internet connection.