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EOS can be the best competitor of Ethereum, here is how

EOS can be the best competitor of Ethereum, here is how

Well, astute technocrats believe that the upcoming eon is crypto-based, and the whole world is shifting towards it, and when it comes to crypto-based things, those are still up to the mark. Here we have EOS, a blockchain protocol is positioned on cryptocurrency that claims to be an adroit contract platform that can eliminate transaction fees and associate with millions of transactions per second. The private company block.one and publicized as open-source software to ensure widespread distribution of the native cryptocurrency at the launch of the blockchain, and this provided the distribution to allow anyone to launch the EOS blockchain once the software was released. There is no official full form exists for EOS; it bolsters all of the required core functionality to boost businesses and individuals to build blockchain-based applications just like web-based applications, like providing secure access and authentication, permissions, data hosting, usage management, and communication between the apps and the Internet. It is also abetted by a web-toolkit for interface development, making it a complete offering for hassle-free app development. It essentially works the same as on every app store. Either is android or IOS.

Why to choose EOS ?

EOS.IO provides us the dexterity in the development and maintenance of dApps through its various features. EOS.IO's ownership framework upholds and eliminates transaction charges, which means developers can take advantage of resources instead of the standard pay per transaction model. This also makes it easier for app developers to predict, host, and create effective monetization strategies. The EOS ecosystem holds off two elements ate the EOS.IO, and the EOS tokens.EOS.IO uses blockchain architecture built to enable vertical and horizontal scaling of decentralized applications. The EOS token is the cryptocurrency of the EOS network. EOS tokens can be kept in multiple wallets that include Ethereum Wallet, MyEtherWallet, and MetaMask, and can be traded on exchanges like Bitfinex and YoBit.

The Future

The attainability of EOS in the new era is massive as it aims to address the problems linked with standard blockchain-based networks. However, we better know those good things take time, and this conceptual initiative will grow enormously after an appropriate time span.