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How to Mine EOS, Step by Step

EOS is a blockchain platform meant for the development of decentralized applications (Dapps), quite similar to the function that Ethereum serves. In fact, its purpose is so similar that EOS has been called “the Ethereum killer” by its proponents. While it hasn’t overtaken Ethereum, it has seen its digital currency rise to the fifth spot in term of market capitalization, highlighting the popularity of the EOS platform and its related utility token.

EOS was built to improve on existing blockchain projects in various ways. Some of these are as follows:

  • It is more secure than bitcoin.

  • The decentralized applications hosted on EOS do not require micropayments like the Ethereum network.

  • EOS can scale to millions of transactions per second easily by emphasizing consensus over events rather than consensus over stake like most blockchains.

  • The EOS network includes cloud hosting, storage, and download bandwidth for applications.

  • Transactions are verified in under a second.

With all these great features and the rising popularity of the blockchain, it makes sense to get on board with EOS and put some in your crypto portfolio.

What’s easier than mining EOS to put some in your wallet?

There’s only one problem with that. You can’t mine EOS. It isn’t a proof of work token, and all of the EOS tokens that will ever exist have already been created. In fact, it’s interesting to note that even though proponents call EOS the Ethereum killer, the EOS token itself is built from Ethereum and is an ERC-20 compatible token. Read More...