CMC#	Market Cap (USD)	Volume (24hr)	Circulating Supply	NVTS	Change (7d)	Change (24h)	Savings Per 1K
8	$3,541,100,000.00	$2,599,370,000.00	950,436,000 EOS	78	4.32%	4.11%	-$160.95

Background

EOS was published by software publisher Block.one and development is led by CTO Dan Larimer, who founded Steemit and BitShares. The project competes with other popular smart contract platforms such as Ethereum, NEO and Cardano. EOS tries to differentiate itself by providing transaction throughput capable of handling thousands of transactions per second without having to pay direct fees, improved usability for all parties involved, and governance for business and chain maintenance. EOS makes use of on-chain governance whereby token holders can vote for the block producers (BPs) as well as various upgrades to the protocol, monetary policy, or constitution. This constitution includes general rules governing the behavior of the protocol, and every transaction sent must include a hash of it. The goal is to define community values that are not enforceable or incentivized easily. However, the rules are not enforceable at the protocol level but rather act as a terms-of-service agreement which users must agree to. Dispute settlement is left to the EOS Core Arbitration Forum (ECAF), which is comprised of independent professionals who can deliver binding rulings which BPs then execute. Ecosystem funds play an important role in the growth and adoption of EOS. Their mandate is to make strategic investments that increase the value of the projects and tokens to ensure the necessary infrastructure is built and proper incentivization exists to attract developers to build on the platform. The most prominent is a $325 million fund ran by Mike Novogratz and Galaxy Digital LP.

Technology

EOS's DPoS is based on 21 BP's voted on by token holders where votes are weighted by the number of tokens held and holders can opt to delegate their votes to another holder on their behalf. Anyone can participate in the block production so long as they can receive enough votes, and the vote is ongoing so at any time BP's can be replaced by another entity voters believe will act in their best interests. Blocks are produced every 0.5 seconds and one BP produces a block at any given time. Once 15 BP’s sign a block, it is deemed irreversible. Under normal conditions, DPoS does not experience forks because rather than competing, BPs cooperate to produce blocks. In the event of a fork, consensus will automatically switch to the longest chain because the rate at which blocks are added to a fork is directly correlated to the percentage of BP’s that share the same consensus. EOS utilizes a no direct fee model where tokens give holders access to their pro-rata share of network resources. That being said any operation needing storage or to create an account requires RAM to be purchased. This differs from bandwidth and CPU, which token holders receive by staking and receiving proportional amount of the network resources. EOS uses the WebAssembly Virtual Machine (WASM) which offers high speed and performance as well as a multitude of programming languages such as C++ or Rust giving developers access to existing optimization and debugging tools. Additionally, EOS implements human readable names and account recovery solutions at the protocol level. Recovery is made possible with the designation of a recovery party who can reset the owners keys with their approval. Unlike traditional multi-signature applications, the recovery partner has no control over the account other than helping the owner reset their keys.

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• altcoindeals_bot purchased 1000 EOS at $3.62335 on Jul 16th, 2019 21:22pm for a total of $3,623.35 when the price was down 15.46% for the day. -- If sold today, altcoindeals_bot would make a profit of $99.64 or 2.75%.

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