Coin Review: EOS

What is EOS?

EOS is an OS for developers to build off of. The plan for EOS is developers to build applications on it and use EOS tokens as the currency and means to transfer value on the OS for the applications that are built there. The CTO of EOS is trying to create EOS to be scalable for applications to have the ability to transact quickly.

Pros

EOS’s plan is to be used by the mainstream. They built it in order for it to be scaleable and upgradeable. It is only a matter of time until mainstream adoption; so EOS being a coin that is built to handle the mass amount of volume that will come along with mainstream use is a big pro. Also having the ability to be interoperable with other chains is a big plus. EOS also has Dan Larimer behind it. Dan has set out and completed his past work and his work has been what he said it would be. From my knowledge, he hasn't left any empty promises on his last projects so that is a big pro for EOS as well.

Cons

The cons for EOS are not different for any other crypto currency. There is a lot of work that is unproven that lays ahead. There is also the competition that is pretty stiff as well. You have to also have developers want to use and be incentivized to use the platform. EOS also needs to be picked up by the mainstream which is a very daunting task. It will be hard to get big business to decide to move over to its OS as opposed to making their own or using their already existing one. The biggest con is mainstream adoption.

Conclusion

I love the EOS project. It is built to have mainstream adoption. It is built to handle tons of transactions. The things that are set out to be completed have already been proven to work on other platforms that Dan worked on; such as, steem and bitshares. Having both of these projects actively being used is going to help with having a community ready to use EOS. The interoperability is also going to be great in having ease of integration with other systems.