Coin of the Week: EOS + Coding Session Today!

Minnesota Cryptocurrency Presents:

EOS

This week we’ll be discussing EOS, the decentralized operating system! Similar to Ethereum, EOS serves as a blockchain architecture for decentralized applications, or dApps. In contrast to Ethereum, EOS utilizes Delegated Proof-of-Stake. DPOS is somewhat complex, and it works almost like a republic, with users voting for specific “Witnesses” who work to secure the network and improve its value. EOS has a few other concepts that make it unique, such as on-chain governance and parallel processing. While still a work in progress, EOS has many innovations that make it an interesting coin.

Price : $4.39

Market Capitalization : $3,981,564,464

7D Price Change : -22.34%

Founding Date : June 2017

Dev Team Info : EOS was founded by Dan Larimer, who also founed Bitshares and Steem.

Supply/Mining Information : EOS uses a Delegated Proof-of-Stake system and has an annual 5% inflation rate.

Where You Can Buy EOS : EOS can be found on many exchanges, including Binance and Bitfinex.

Recommended Reading :

Explain DPOS Like I’m 5

On-Chain Governance

EOS Crypto Review

EOS Whitepaper

Devil’s Advocate:

EOS has come under severe criticism for its governance process. People vote on specific parameters, including the ability to modify blockchain parameters. Furthermore, many people are critical about the project.

Join us TODAY as we explore integrating transactions with our blockchain. We will be discussing inputs and outputs, transaction fees, miner’s rewards, and so much more! We have streamlined the development process to focus more on high-level topics, so make sure to attend even if you aren’t an expert coder!

When? TODAY at 7:00 PM

Where? Bruininks Hall 123

Snacks provided.

Coin of the Week messages are for purely educational purposes only. This is not investment or legal advice. Crypto@UMN is a nonprofit registered with the University of Minnesota.