EOS became a household name in crypto before it ever launched. The project raised a staggering $4 billion from their ICO. Being one of the most well-funded projects on the digital asset markets is an advantageous position that may enable EOS to outpace its competitors in terms of innovation and growth. The primary feature of EOS is its use of delegated proof-of-stake (DPoS), whereby 21 block producers are tasked with maintaining the EOS blockchain. Proponents of EOS believe that implementing delegated proof-of-stake as a consensus mechanism has made EOS the most scalable blockchain on the market.
Which wallets can be used to hold EOS?
To store your EOS in a safe and secure manner, we advise you to create your own EOS wallet. If you want to buy EOS instantly on our website you will need a EOS address. EOS tokens were originally issued as ERC20 tokens on the Ethereum blockchain. However, following the launch of the EOS mainnet in June 2018, these ERC20 tokens were exchanged for coins issued on EOS’s own blockchain as part of a token swap.
As it’s still relatively early days for the EOS mainnet, there’s currently only a limited number of wallets that support EOS. Options include mobile wallets like Infinito Wallet, the SimplEOS desktop wallet and the Scatter browser extension.
EOS can be traded via crypto to crypto swap (Bitcoin to EOS) or by connecting your bank account to Beaxy and making a purchase. Additionally, you can use your Paypal account to buy EOS with fiat.