EOS – the sleepy giant is finally waking up

If you were to ask crypto traders about their best picks, you are more than likely to hear them mention Ripple. The mainstream media has been very friendly towards Ripple, so much so that CNBC even aired a tutorial how to buy Ripple – see more here: https://www.cnbc.com/2018/01/02/how-to-buy-ripple.html . There are pros and cons to holding Ripple, nonetheless the coin got another boost on 11th January after announcing a tie-up with Dallas-based money transfer giant MoneyGram. Now, the more experienced traders would probably point out to concepts such as IOTA, Streamr, Stellar and Factom. Yet, the ICO that raised $ 150 million in just 5 days, is rarely mentioned. An ICO that is promising to be a new blockchain operating system faster and more scalable than Ethereum that will allow users to build decentralized applications more efficiently. EOS, the self-proclaimed most powerful infrastructure for decentralized applications and yet the purchase agreement that buyers in the ICO must sign notes that the EOS tokens do not have any rights, uses, purpose, attributes, functionalities and features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities and features on the EOS Platform. Still, by now the company has raised over $ 700 million in what has been the world’s longest running ICO which began in mid-2017. So, what is next for EOS? Despite still being a rather speculative asset at play, comments by Vitalik Buterin in late December last year should give hope to EOS token holders, after the guru said that “right now my favourite token model is OMG-style staking tokens”, and EOS is also built on a similar principle. Another differentiating factor to point out is that its developers have made claims of being able to achieve up to 50,000 transactions per second, which is far more than most popular blockchains. Sponsored by