EOS has the sound fundamental to actually challenge two of the biggest cryptocurrencies today Bitcoin and Etherium. But what is more pronounced is its threat to the position and dominance of Ethereum. Mainly because of EOS approach which is similar to the Ethereum the "smart contracts".
EOS has created a lot of buzz even while on its ICO (Initial Coin Offerings ) stage. EOS is different from other Ethereum competitors in that it is heavily funded as well as backed by big names in both the crypto and real-world tech industry.
EOS also takes a different approach than most ICO's because the token sale takes a year therefore it creates full trust by potential investors
EOS's technology, alongside its alternative sales model may just prove to be a new paradigm in the alt-coin space.
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I think it is still quite early in the game for EOS to be taking over ETH yet, however it is good to see many competitors to ETH which should increase the overall potential of the cryptocurrency market.
I totally agree, the more competition, the better quality platforms can come out for us users...
Yessir!
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