EOS is most recently created cryptocurrency, developed on blockchain technology. It is equipped for faster transaction speed, scalability; it has the ability to work on more than one task together. It is considered as one of the most powerful cryptocurrencies developed to date.
EOS has many similarities with Ethereum, the developers have created EOS with the vision of creating its own blockchain with innovative and impressive features. The most exciting feature of EOS is horizontal scalability which means in EOS blockchain parallel execution of smart contracts and transaction processing will take place.
The developers are also planning to incorporate DPos consensus protocol, DPos will make millions of transaction per second faster in EOS blockchain. Most exciting news for EOS admirer is there will be no transaction fees to use the network, this will make it most acceptable cryptocurrency compared to others in the digital world.
The EOS project work is still at its initial stage and has not yet launched any coin yet. It is speculated that the unique one billion ERC-20 tokens will be distributed in the one-year time span. All the EOS aspirer will get an equal chance to buy EOS tokens.
EOS token can be stored in ERC-20 compatible wallet as EOS wallet has not yet come into existence. Although EOS can also be stored in few more wallets like:
- Desktop wallet: most popular desktop wallet which can store multiple cryptocurrencies can also store EOS. For example, Jaxx and Exodus both the wallets can work on Windows, Linux, and Mac. Jaxx can work even on Android.
- Hardware wallet: most popular hardware wallet like Ledger Nano S and Trezor can store EOS. Both the wallets a compatible with Windows, Linux, and Mac.
- Web wallet: most popular web wallet is MyEtherWallet, this wallet allows to save the currency on users computer instead of on their server. This feature is available with only MyEtherWallet and no other web wallets support this.
- Mobile wallet: as discusses in desktop wallet Jaxx supports android, so it can be used to store coins on mobile.
EOS developers are expecting to bring a new era in the blockchain technology. this decentralized cryptocurrency is expected to support industrial scale application. The creators are also expecting it to be one of the popular cryptocurrency as they are eliminating the transaction fees. pop over to this site to get more information on EOS.