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How to buy EOS coin

EOS coin is a top digital asset that has gotten remarkable growth in the last year. Pegged on the 44th spot on the crypto ranks, EOS has seen several crypto exchanges add support for its native token EOS. You can buy EOS coins from popular exchanges like Binance, Coinbase, Huobi, Kucoin, Bitfinex, and several others. You can also register with crypto brokers like eToro to buy EOS coins.

Why is EOS coin so popular?

EOS has been considered a top rival to the Ethereum network due to a few key features. First is its transaction speed. The EOSIO has a combined throughput of 3,000 transactions per second (TPS) compared to Ethereum’s 17 TPS, making it a suitable locale for decentralized applications (dApps) protocols to build in a fast-paced environment. With its high throughput, EOS is an economical alternative to the Ethereum network. In addition, the EOS blockchain provides enterprise solutions like secure access and authentication, permissions, data hosting, usage management, communication dApps and the traditional internet.

How to mine EOS coin

EOS coins cannot be mined directly, at least not in the same sense as Bitcoin and Ethereum are mined. The EOS blockchain runs on a delegated Proof-of-Stake (dPoS) consensus algorithm with a group of validators that sign blocks and maintain the blockchain. However, you can still mine EOS by connecting to an Ethereum mining pool to mine ETH. Joining a mining pool is beneficial given that the difficulty level is quite high for the protocol. When you get ETH, you can then exchange it to EOS on a crypto exchange. Another option would be to virtually mine EOS through an Ethereum mining pool. This will see you exchange your fiat for computing power from a cloud service miner that focuses on ETH. You can follow the same process noted above to swap ETH for EOS.

What is EOS coin?

EOS coin is the utility token for the EOS blockchain. It performs several key functions and also serves as the fuel for the EOS ecosystem. DApp protocols use EOS coin to unlock network resources while using the EOS platform. EOS coin is the governance token for the decentralized operating system.

What is EOS coin used for?

EOS coin allows holders to vote on proposals for the upgrade of the network, and they also decide on the direction the network should go in the future. Aside from this, development teams need to hold EOS coins if they intend to use the network’s resources or build and run dApps.

Who created EOS coin?

EOS coin was formed from a 2017 whitepaper authored by Dan Larimer and Brendan Blumer. The EOSIO platform was subsequently launched by private software company Block.one in June 2018 after a successful initial coin offering (ICO) that took most of the previous year.
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