Share This Article

EOS Cryptocurrency Research Report

Summary

EOS is a blockchain developed by Block One that aims to be the most powerful, robust and scalable infrastructure for decentralized applications. The development is lead by Dan Larimer, the founder of Bitshares and STEEM. EOS deploys the DPOS architecture of the two previous projects and adds a legal arbitration system for smart contracts and aims to provide a blockchain that can handle thousands of transactions per second. In short, EOS can be best described as an operating system which allows developers to build DApps on top of it, taking advantage of the features the EOS blockchain has to offer.

I. General


1. Supply

866,982,367 EOS

2. Market cap:

$11,2B  // $13.00

3. Marketcap class:

Very High

4. Industry:

Decentralized Applications platform

4. Type:

Smart Contracts Platform

5. What Problem does it solve?

The problem EOS solves are:
1. Scalability (most scalable architure ever built)
2. Speed (near instant transactions)
3. Governance (with the DPOS system)
4. Legal disputes (arbitration system on smart contracts)

6. Competitors

The main competitor is Ethereum, the first DApps platform. Furthermore, EOS can be viewed as an improvement of the STEEM blockchain with more features, which does make it a competitor of STEEM aswell.

General Category Score
80%

II. Online Presence


7. Domain name

The domain name is short and recognizable.

8. Design

The website looks professional and elegant.

9. Roadmap

The roadmap is ambitious and inspiring. EOS is currently only 2 weeks away from the lauch of the mainnet. (2nd June 2018). It should be noted that the team of developers will not lauch the mainnet but let the Block Producers lauch the blockchain independently which is a novelty in the blockchain space.

10. Branding

The brand sound professional and newcomers can easily understand what the project is about. The brand gains credibility from Dan Larimers and Block One’s reputation and achievements.

11. Overall Impression

The website has potential to improve by delivering more content for newcomers and crypto-beginners. Nevertheless, the branding is consistent and makes a good impression overall. Cryptocurrency investors familiar with the works of Dan Larimer need not be conviced of his brilliand projects and can easily test his systems for themselves (Bitshares and Steemit). The EOS community has spawned over 20 secondary websites that aim to inform the investors and interested people about the developments in the EOS ecosystem like EOSGO.

Branding Score
85%

III. Technicals


12. Whitepaper

The whitepaper is a sophisticated and wonderful piece of blockchain research efforts for any technically inclined reader. The paper goes over the system architecture that enables a global decentralized super-computer operating system like nothing we have ever seen in the crypto space. It explain the Delegated Proof of Stake system which allows any token holder to participate in the governance process by voting for developers and good players that actively contribute by developing the EOS ecosytem and giving value to the community. The paper illuminates the Bandwith and token concept, that in contrast to Ethereum allocates bandwidth to DApps, not transactional fuel. In this manner the tokens don’t get depleted by smart contract transactions. Overall the paper is very sound and thorough and an interesting read for any cryptocurrency investor looking forward to the new generation of decentralized applications.

 

13. Pre-mining

None of the tokens are premined. To allow a fair, decentralized and unhyped token distribution, EOS held a one year long ICO.

14. Mining

EOS uses the DPOS concept. Block producers are elected by EOS stakeholders and form the 21 primary blockproducers creating a block every 0.5s, and 100 backup producers. Governance decisions reach consent upon an approvel by 15 producers. Token holders have 30 votes and can use vote and unvote at any given moment. The vote weight is determined by the size of the stake.

Technicals Score
90%

IV. Team


15. Collective

The team of Block One seems to be very competent, at the helm the founder of Bitshare and STEEM Dan Larimer.

16. Flags

There are no team members who have a shady history, however the coin supply is extremely large and something to consider when investing.

17. Developers

The team looks very trustworthy. They have 113 contributors in GitHub.

18. Github

The code repository can be found in https://github.com/eosio
It is one of the most active and huge repositories out there.

19. Activity

Latest commit 2h ago (High activity level). Huge number of commits and activity.

Developers Score
95%

V. Community


20. Bitcoin thread

There is a large and active.
Link to Bitcointalk thread on EOS.

21. Facebook page

Present and active, 10K likes.
Link to EOSIO Facebook page

22. Twitter page

Present and active, 155K followers.
Link to EOSIO Twitter page

23. Slack channel

Not found.

24. Community activity

EOS has a very active community. You can find Dan Larimer bloggin about the project on Steemit and Medium. You can see updates from Block.One on their website and the EOS Twitter page. Furthermore there many fansites and community sites emerging from the community itself, most noteworthy the EOSDO website that informs the Stakeholders about Block Producer activity.

Community Score
91%

VI. Perception


25. Google search check

Mostly positive results and a lot of news around the upcoming mainnet launch.

26. Google sentiment

Lot’s of great articles and videos from Dan and influencers.

27. Youtube sentiment

Overall good support from Crypto influencers and the EOSGO media.

28. Community sentiment

Very bullish sentiment and amazing facebook community.

29. Criminal activity

No criminal activity found.

Sentiment Score
90%

VII. Product


30. State

They are progressing at incredible speed and the mainnet lauch is due on the 2nd June 2018.

31. Partnerships

Confirmed partnerships,block producers and interests:

  • OracleChain
  • Tokenika
  • Everipedia
  • Scatter
  • Billionaire Token
  • EOS Commander
  • SFEOS
  • Awoo! DAC
  • PLACTAL
  • EOSDac
  • PLACTAL
  • ONEPAY
  • IRYO
  • CYBEX
  • ONO
  • MEET.ONE
  • HireVIBES
  • Traffic Exchange Token
  • Emanate
  • Bitfinex
  • HitBTC

*Information source. Last updated 20.05.2018

32. Positive news

Partnerships with 2 large cryptocurrency exchanges and very rapid development progress. Since the mainnet launch we have over 100 EOS Dapps on the market. Check out this List of EOS Projects to explore the DApps.

33. Negative news

Not negative news but rather crypto drama can be found on the Steemit blog of Ned, the STEEM co-founder who is not happy about Dan building a system that may be a competitor of STEEM.

Product Score
90%

VIII. Exchange Listings

You can purchase EOS on:

  1. Binance
  2. Bittrex
  3. Bitfinex
  4. Hitbtc
  5. Huobi
  6. OKEx

Which are very reputable and trustworthy exchanges. We recommend using binance for smaller exhcange fees, fast verification process and highly reliable interface.

Listing Score
80%

VVI. Verdict


EOS is one of the most promising cryptocurrency projects out there right now. It is solving an important issue that is neccessary for mainstream adoption: Transaction speed and scalability.

It is building the foundation of what may be the most fruititios decentralized application ecosystem. It is also building innovative and progressive governance into the platform that allows the first real forms of  DACs to thrive.

Dan Larimer has an impressive list of achievements in the crypto space and brings a lot of experience to the table at Block.One. What makes EOS stand out as one of the most legitimate projects is their strong concern for true decentralization, demonstrated with the year long ICO and handing over the blockchain launch to the community.

Recently, there has been a lot of media attention because of the upcoming launch and some very reputable players such as Bitfinex have announced that they will be participating as block producers, which inspires additional confidence in the project.

Will EOS be able to live up to it’s great reputation? How will the blockchain launch go? Is the platform really the solution to all the scalability problems we have had to far? We shall wait and see.

UPDATE: The blockchain had a successful launch and even the first instance of governance and arbitration which were resolved successfully. The EOS ecosystem no has more than 50 Dapps in development.

EOS
90%

binance-signup-exchange-coinbase-of-altcoins

Disclaimer: This is not financial advice. Investing in cryptocurrency assets is a risky, do not invest funds you are dependent on.

Share This Article

Posted by Nick Berns

Nick Berns is a Web Developer and Digital Marketer. He is a Crypto Investor and Blockchain Tech enthusiast.

Leave a Reply