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RE: EOS Target $3.22 + Analysis Update + Live Real Time Laddering Example...You Don't Want to Miss This!!
Maybe you should read. EOS is designed to handle smart contracts similar to ETH but with expontially more capacity.
Hey thanks for that, much appreciated.
I will search for it : )
If i still dont see the utility i will get back to you.
EOS is designed as a platform for mostly business development needs with a very high TX rate. It can be used for anything actually, but they aim for the future of the business transaction realm.
Sorry to be so dense.
just to make sure I am getting it so far:
It has a super fast transaction rate
Peer to peer transactions with no middle men extracting fees ?
Let's say you could run all thof the FAANG companies on one smart contract platform and still have space for more stuff. EOS ERC-20 token allows you to claim a piece of that amazing upcoming platform when it's out in mid 2018. The token doesn't worth anything. You can use the token to claim a piece of EOS when it's out. Think of it like the old bank notes when they were actually backed by Gold.
Essentially it's a base platform for developers to use to create Dapps but with much better performance than ETH. The token itself COULD be used to buy or sell things, but vimukthi explains that in his reply. Technically, ANY crypto, or really anything could be used to barter and trade with.