We consider EOS from all sides, how attractive is it for investing or trading?
Fundamental
The project seeks to create the most powerful infrastructure in the world for decentralized applications. EOS is a platform for hosting smart contracts for open source projects and decentralized consumer-oriented applications (DApps). The goal of the platform at launch was to take market share from Ethereum, promising a more scalable block chain with better usability for large-scale enterprises.
The key part of the platform is the delegated proof of the collision algorithm (DPOS). EOS also has another excellent function, called a transaction as evidence of a share or TaPoS. The platform software requires that each transaction include a hash of the last block header. This hash prevents the transaction from being replayed on forks that do not include a reference block. The hash also signals the network that the particular user and their share are on a specific plug.
Crypto currency EOS surprises with the ability to grow in a negative information environment. A lot of experts are frantically calling not to buy tokens of the "HYIP project", which promises to be the first operating system for decentralized applications, but "in the embryonic state", "untested", "centralized" and "capable of culminating in failure".
"On April 29, EOS was worth $ 17 billion - more expensive than SpaceX in late 2017. One company launches rockets into space, and the other has launched a beta test, "said financial analyst Joseph Young.
Launching EOS of its own network in test mode in December 2017 is still the most significant achievement of this project. However, very soon EOS will be able to prove in practice the effectiveness of its detachment (or, perhaps, a group of blockboys).
!!!ATTENTION!!!
On June 2, the launch of the main network, which the developers called EOS Mainnet Token Swap, was assigned. If it really turns out to be so super-fast, incredibly scalable, convenient and easy to use, as the creators promise, then the EOS crypto currency can soar to new heights.
EOS Vulnerability
The main competitive advantage of EOS and at the same time the main "Achilles heel" of the project is the consensus algorithm DPoS (delegated proof of the share). Its principle is as follows. Just as citizens of a parliamentary republic elect deputies, holders of tokens, they must vote by their voting method 21 of the transaction validators. These democratically elected miners (private traders or large organizations) have to continuously support the network for a reward. If someone does not handle well enough, the holders of the tokens at any time can recall the votes, and the next candidate will take his place.It is due to the fact that only 21 selected participants will verify the transactions, not everyone who wishes, the system will become high-speed and scalable.
But the impact of individual users on the result is negligible, the vast majority of them will not take part in the voting or will vote for those candidates who will offer them the largest cash retracement.
"Since the remuneration to the EOS transaction validators has become so great (5% of annual inflation or about $ 400 million a year), those wishing to get nodes to their management can start a geopolitical and economic war among themselves ....If the holders of the tokens do not form a cartel, the applicants will use voter bribery, and it will be easy to attack the EOS. The attacker can offer the largest amount of money, grab most of the nodes and start an attack, "- writes in the article" Plutocracy is bad "Vitalik Buterin.
Fundamental
The project seeks to create the most powerful infrastructure in the world for decentralized applications. EOS is a platform for hosting smart contracts for open source projects and decentralized consumer-oriented applications (DApps). The goal of the platform at launch was to take market share from Ethereum, promising a more scalable block chain with better usability for large-scale enterprises.
The key part of the platform is the delegated proof of the collision algorithm (DPOS). EOS also has another excellent function, called a transaction as evidence of a share or TaPoS. The platform software requires that each transaction include a hash of the last block header. This hash prevents the transaction from being replayed on forks that do not include a reference block. The hash also signals the network that the particular user and their share are on a specific plug.
Crypto currency EOS surprises with the ability to grow in a negative information environment. A lot of experts are frantically calling not to buy tokens of the "HYIP project", which promises to be the first operating system for decentralized applications, but "in the embryonic state", "untested", "centralized" and "capable of culminating in failure".
"On April 29, EOS was worth $ 17 billion - more expensive than SpaceX in late 2017. One company launches rockets into space, and the other has launched a beta test, "said financial analyst Joseph Young.
Launching EOS of its own network in test mode in December 2017 is still the most significant achievement of this project. However, very soon EOS will be able to prove in practice the effectiveness of its detachment (or, perhaps, a group of blockboys).
!!!ATTENTION!!!
On June 2, the launch of the main network, which the developers called EOS Mainnet Token Swap, was assigned. If it really turns out to be so super-fast, incredibly scalable, convenient and easy to use, as the creators promise, then the EOS crypto currency can soar to new heights.
EOS Vulnerability
The main competitive advantage of EOS and at the same time the main "Achilles heel" of the project is the consensus algorithm DPoS (delegated proof of the share). Its principle is as follows. Just as citizens of a parliamentary republic elect deputies, holders of tokens, they must vote by their voting method 21 of the transaction validators. These democratically elected miners (private traders or large organizations) have to continuously support the network for a reward. If someone does not handle well enough, the holders of the tokens at any time can recall the votes, and the next candidate will take his place.It is due to the fact that only 21 selected participants will verify the transactions, not everyone who wishes, the system will become high-speed and scalable.
But the impact of individual users on the result is negligible, the vast majority of them will not take part in the voting or will vote for those candidates who will offer them the largest cash retracement.
"Since the remuneration to the EOS transaction validators has become so great (5% of annual inflation or about $ 400 million a year), those wishing to get nodes to their management can start a geopolitical and economic war among themselves ....If the holders of the tokens do not form a cartel, the applicants will use voter bribery, and it will be easy to attack the EOS. The attacker can offer the largest amount of money, grab most of the nodes and start an attack, "- writes in the article" Plutocracy is bad "Vitalik Buterin.
Comment:
Note! EOS as a spring, BTC falls - it costs or sits at a minimum, BTC unfolds - EOS grows
It's rather risky to enter the market, the risk / profit ratio is 1, 50 to 50. More conservatively, we will wait for the rollback to the control point or trend line and try to go on the rebound, but a more correct approach is to look at BTC. The fundamental of the coin is interesting and the launch of the network is assigned, if the BTC turns around, the EOS can shoot violently. Under these circumstances, we recommend entering the market in small amounts
Total - we wait on June, 2nd.
It's rather risky to enter the market, the risk / profit ratio is 1, 50 to 50. More conservatively, we will wait for the rollback to the control point or trend line and try to go on the rebound, but a more correct approach is to look at BTC. The fundamental of the coin is interesting and the launch of the network is assigned, if the BTC turns around, the EOS can shoot violently. Under these circumstances, we recommend entering the market in small amounts
Total - we wait on June, 2nd.
Comment:
As events unfold, we will update the comments, wait for more detailed analysis!
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All interested persons have free access to our indicator of OPEN INTEREST (link below) Video example of working with the indicator in comments
Training in trading with the possibility of obtaining a funded account
We welcome your feedback and comments!
Liked - sign and put like!
The coin rises a long-term uptrend and is near the support level. Right now EOS rests on the resistance line and draws a "flag." There is a bullish hidden divergence on open interest. RSI did not enter the oversold zone, but given the fact of an uptrend, it may not reach it.
The support control point is 8.36, the nearest resistance control point is 17.5. The market is very correlated with the movement of BTC, so with the BTC reversal, we expect growth to be exactly 17.5.