🤔What is EOS?
EOS is a native EOSIO cryptocurrency that works on open source blockchain technology, allowing the creation of decentralized applications. According to experts, EOS stands out for its speed, scalability and flexibility1.
🤯History of EOS
In June 2017, Block.one launched the EOS initial coin offering (ICO). It was a complete success, with a total collection of more than USD 4,000 million. Some classify it as the highest-grossing ICO in history, which surprised even the company's own directors. Back then, ICOs were a very popular practice in the market. It was a “pre-sale” of tokens of a project with the purpose of raising funds for its development1.
🚀How does EOS work?
EOS is a blockchain created within the framework of the EOS.IO operating system. It is the first mainnet to be implemented in that protocol. Similar to the well-known Ethereum, EOS is a platform on which application developers can create software that, instead of depending on centralized servers that store information, apply decentralized technology. This means that EOS has various nodes that host the blockchain data. These nodes connect to each other to stay updated and, in this way, ensure that everyone has the same information. Network activity, which processes one block per second, can be viewed using a dedicated browser called EOS Authority1.
🤔How to invest in EOS?
If you decide to invest in EOS, it is important to do it smartly and gradually to minimize losses. Here are some tips for investing in EOS:
Do your research: Before investing in any cryptocurrency, it is important to do extensive research on it. Research its history, its development team, and its underlying technology.
Diversify: Don't invest all your money in a single cryptocurrency. Instead, diversify your portfolio by investing in several different cryptocurrencies.
Invest in stages: Instead of investing all your money at once, consider investing in stages over time to minimize losses.
Consult a financial advisor: If you are unsure about how to invest in cryptocurrencies or need help creating a solid investment strategy, consult a financial advisor.
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