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The EOS network should be scalable up to 1 million transactions per second. At least that’s the vision of its founders, Brendan Blumer and Daniel Larimer, who released EOS in 2017 and first offered EOS Coin in 2018. At first, they made big promises and considered themselves “Ethereum killers”. After the project was initially well received, many reviews can now be found. They see the lack of progress as a problem for future growth and there are also indications of security issues with the voting system.
- Block.One is the company behind EOS
- Free transactions thanks to an inflation-based mechanism
- CoinSwitch considers EOS to be more technologically advanced than Ethereum or Bitcoin
- Network designed for decentralized application developers
- IMPT better than EOS?
|Year||EOS Coin Prediction||raison|
|2023||-0.7000€||Bad mood among investors|
|2024||+€0.8000||Slight market recovery|
|2025||-€0.06000||Ethereum Merge unfolds its full effect|
|2030||+€0.9000||New developments in the market|
|2035||+€0.1000||The scope of application is expanded|
|2040||+€0.2500||General recovery of the crypto market|
What’s going on with EOS?
Not much, one could sum up the drama surrounding EOS Coin right now, as analysts see the cryptocurrency from The EOS network at SELL. Individuals and businesses can still access the open source network Blockchain-based applications and smart contracts program.
However, contrary to what was predicted, no Ethereum killer emerged. On the contrary, because Ethereum itself has ensured new developments and paved the way for an energy-efficient future with The Merge.
Not much remains of the high expectations for performance and scalability. Although the fees are very low, it also means that there are only small profits that can be invested in the further development of new business models. Rapid price fluctuations also affect the EOS coin. Many promised functions have not yet been delivered, so they are only available in theory.
The number of delegates at EOS, which is only 21, must also be viewed with a critical eye. This small group could therefore theoretically agree and confirm false transactions. This has not happened so far, but it is theoretically possible. Of course, with such a small number of delegates, decentralization also suffers of the EOS network.
Does EOS have a future?
It depends on further developments of the network. In any case, the price shows a clear deterioration in the mood of investors, especially in the last 7 days, the EOS Coin has only seen one direction, and that is down. Proponents liken the EOS network to an operating system for blockchains. But in this project, only a few really have a say, so that the developments do not correspond to the current needs of the customers.
Everything you need to know about EOS.
At EOS, it is not only the Block.One company that holds the reins, but also the EOS Network Foundation. According to the website, the developers want to create more decentralization for the network, EOSIO, i.e. EOS.io. However, this has not yet been implemented as announced.
The Voice social media platform, which was re-announced a few weeks ago and is to operate on the EOS public channel and under the EOSIO protocol, has now been released, but was responsible for the majority nice reactions from investors.
And there have been no current entries on the Twitter account since December 2021.
Whether EOS has a future remains to be seen. The three main advantages of EOS are that it is free, highly scalable, and has rollback actions to take countermeasures in case of serious system errors such as hacker attacks.
The blockchain is significantly faster than proof-of-work blockchains. But Ethereum has completely redefined previously targeted standards with the shift to proof-of-stake.
Is IMPT better than EOS?
Even though these two coins cannot be compared in terms of functionality or use cases, we used them for our price prediction. This is because the IMPT is a very successful project whereas at EOS clearly sees that followers and investors orient themselves differently.
It is precisely projects like IMPT, a platform for trading private CO2 certificates, that are now looking for investors and in which they are happy to invest.
With IMPT, you make transactions a sustainable investment and support climate change. The added value of the blockchain platform does not benefit any company behind it but directly to the environment and our climate. It is no wonder that IMPT was able to raise over $20 million in presales and attract other private investors even after listing with LBank.
Also take this important step and support the climate with IMPT.
Conclusion: It all started with a great vision and a very successful ICO, which then immediately took the 20th place in terms of market capitalization. But after almost 5 years, the EOS coin is in the red and the cryptocurrency has slipped to 40th place. The price of EOS today is €0.8325 with a daily loss of 0.76%. Even though the platform is particularly popular in China, that’s enough not for an entirely positive EOS Coin prediction.
Currently, the blockchain only creates around 50,000 of the 1 million targeted transactions per second and it is precisely these figures that frustrate investors and encourage criticism in their statements. The EOS predictions up to 2040 should therefore be viewed with great caution, as many factors are currently unclear. At IMPT, on the other hand, things look more than rosy, the projects have already collected more than 20 million USD in presales.
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About the Author: Stefanie Herrnberger works as a freelance speaker and writer. His many years of professional experience in the fields of blockchain, cryptocurrencies and NFT provide him with the ideal framework to report on news and developments in decentralized and central financial markets. Stefanie has been investing in cryptocurrencies herself for several years and therefore understands the challenges and opportunities for crypto traders.