EOS is the first blockchain operating system (OS) and serves as a base layer for blockchain applications, which can be developed faster and much easier thanks to EOS. Because EOS offers all standard elements for a blockchain application, anyone who wants to develop a blockchain application can focus on the logic / operation of the application without having to reinvent the wheel.
How To Buy EOS
So you’re interested in buying EOS? Currently, there is no way to buy EOS directly with fiat, so the best way to buy EOS is to first purchase Ethereum, transfer it to your chosen trading platform and change it to EOS. We’ll show you how.
2. Once your account has been created and confirmed, log into your Binance account. Once you have logged into the account, go to the menu, click on the funds section and then deposit on the drop down bar.
3. Once you’re on the Deposit section, click the drop down menu labeled “Select Deposit Coin” and look for Ethereum, or type ETH and select.
4. This is your Ethereum Deposit Address, we have chosen Ethereum instead of Bitcoin due to the lower fees and transfer times. Next we’re going to look at buying Ethereum and depositing it into your Binance account.
1. First change the Buy option from BTC to ETH for USD and then choose your amount.
2. When you have chosen the amount of Ethereum you want to purchase (A minimum of 0.05 ETH is required), you will need to register and confirm your CEX account and payment details.
Once that has been confirmed and the ETH has been deposited into your account, we will then need to move it over to Binance.
3. Select the Withdraw option at the top of the site and select Ethereum as your currency. You will then be given a field, where you will add a wallet. This is where you can transfer your money to Binance.
4. Go back to your Binance Account and copy the alpha numeric code under your Ethereum Deposit section and paste it into your Ethereum Withdrawal section on CEX.io. Confirm that this address is correct and press “Withdraw“.
Your Binance account will now be credited with Ethereum.
2. On the trading platform, select the ETH section and use the search function to search for EOS/ETH and confirm.
3. On the EOS/ETH trading section you can now choose how much EOS you want to buy with your Ether. Once you have chosen your amount, press Buy EOS and place your order.
Once your order has been fulfilled, your account will be credited. Congratulations you’re now the proud owner of EOS.
What is EOS.io and the EOS cryptocurrency?
EOS is a consensus blockchain OS that provides among other things basic features such as databases, account rights, task management / planning, authentication and internet application communication. As a result, blockchain applications and smart contracts can be developed much more efficiently and problems of blockchain scalability can be eliminated. The EOS.IO blockchain architecture should be so scalable that millions of transactions per second could be carried out without the need for transaction fees to be paid by users.
EOS was developed by the company Block. one, in which Dan Larrimer has an important role. Dan Larrimer is among other things the developer of the successful blockchain technologies BitShares, BitShares 2.0 (Graphene) and Steem. At the Consensus conference in New York (22-24 May 2017), Dan presented his latest invention: EOS. The presentation can be seen on the video below, which takes 40 minutes but is definitely worth the effort:
EOS value and price evolution
The EOS. io technology is still conceptually conceivable and therefore still has to prove itself in practice. The Initial Coin Offering (ICO) for the EOS token, which is an ERC-20 compatible token on the Ethereum blockchain, has been very successful since 26 June 2017 with a revenue of more than 200 million euros.
The total amount of EOS tokens that will be released is 1 billion (1,000,000,000,000,000). 20% of this amount was spent in the first 5 days of the 341-day ICO: EOS 200 million. From 1 July 2017 onwards, 2 million EOS tokens will be distributed in 350 consecutive periods of 23 hours each, until a total of 700 million tokens have been issued (70%). The last 10% EOS is distributed to the developers of EOS.io: Blockchain. one.