EOS Blockchain dApp Ecosystem Continues Growth as Top 5 Coin Looks to Topple Ethereum

The EOS ecosystem is expanding as companies continue to build Decentralized Applications using the OS public blockchain.

At its growing pace, the EOS system may be looking to overtake Ethereum, the second most popular blockchain network, and cryptocurrency after Bitcoin.

A graphic posted by Block.one shows several projects from various niches including Healthcare & Fitness, Voting & Governance, Data Services, Privacy & Security, Identity, and Communication that the EOS blockchain has added to its ecosystem since its launch.

EOS is a relatively new blockchain protocol in the crypto-sphere. It’s ICO, which began in June 2017, went on for a year and ended in June 2018. The ICO raised over $4 billion without a live product, thus becoming the most successful ICO to date according to the funds raised.

Prominent names including Peter Thiel, Bitmain, Louis Bacon, Alan Howard, and Mike Novogratz’s Galaxy Digital have invested in the platform.

Among EOS’s Strong Points Is Scalability

The team claims that the platform can support thousands of commercial-scale dApps, and allows for inter-blockchain communication. The blockchain uses Delegated Proof of Stake (DPoS) protocol for verifying transactions which allows it to compute millions of transactions per second. The platform also boasts of flexibility, which enables it to “Freeze and Fix Broken Applications”. The platform doesn’t have transaction fees, but it requires new accounts to pay for RAM.

According to StateOfTheDApps, the top 5 EOS dApps according to Daily Active Users are BetDice, PRA Candy Box, EOS Knights, EOS Lucky Games, and EOSBetDice. BetDice and EOSBetDice are betting platforms, while EOS Lucky Games is a collection of EOS-powered gambling games. EOS Knights is a mobile game based on EOS where users save a village from goblins. PRA Candy Box claims to be the world’s largest bounty offering platform where users complete certain tasks in exchange for free access to a variety of digital coins.

Recently, the Block.one team announced that they have solved EOS’ scalability issues, which will make it the most scalable and highest performing blockchain platform in the world.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide