If you are interested to the previous posts of this series, check it out here:

• Bitcoin (BTC)
• Ethereum (ETH)
• Cardano (ADA)
• Binance Coin (BNB)
• Tether (USDT)
• XRP (XRP)
• Dogecoin (DOGE)
• USD Coin (USDC)
• Polkadot (DOT)
• Solana (SOL)
• Uniswap (UNI)
• Binance USD (BUSD)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Chainlink (LINK)
• Terra (LUNA)
• Internet Computer (ICP)
• Wrapped Bitcoin (WBTC)
• Polygon (MATIC)
• Algorand (ALGO)
• VeChain (VET)
• Stellar Lumens (XLM)
• Harmony (ONE)
• Hedera Hashgraph (HBAR)
• Tron (TRX)
• Cosmos (ATOM)
• Axie Infinity (AXS)
• Tezos (XTZ)
• Ergo (ERG)
• Nano (NANO)
• Monero (XMR)
• Elrond (EGLD)
• Ethereum Classic (ETC)
• Crypto.com Coin (CRO)
• Pancake Swap (CAKE)
• Enjin Coin (ENJ)
• Iota (IOTA)
• Basic Attention Token (BAT)

What is it?

EOS is a blockchain platform designed to develop decentralized applications (DApps). Its operation is similar to the Ethereum platform, with the exception that it is faster and more scalable. It enable developers to build decentralized applications more efficiently. EOS is a project strongly focused on solving many of the problems of blockchain technology, especially from those who keep it away from massification and global adoption. To achieve this, it has a number of fundamental pillars to satisfy, they are:

• Free use: the platform must offer flexibility to developers and users to offer free services. This indicates a more widespread adoption of the technology.
• Recovery from errors: the platform must be robust enough to correct errors when they inevitably occur.
• Sequential performances: there are some applications that simply cannot be implemented with parallel algorithms due to sequential dependent steps. For this reason, the platform must support fast sequential performance.
• Parallel performance: large-scale applications need to divide the workload across multiple CPUs and computers.

How does it work?

In this aspect, EOS is similar to Ethereum. The capabilities of both to enable distributed application development are immense. However, there are important technical points where EOS has some advantage. Among these points are:

• Ability to provide accounts, authentication systems and databases.
• Asynchronous communication between nodes.
• Parallel application programming to exploit the potential of multiple CPU cores and / or clusters.
• High scalability.
• Elimination of fees and commissions.
• Quick and easy deployment of decentralized applications.
• Simple upgrade system.
• Error recovery.

Another important point is that it has a consensus protocol designed for high scalability. In developing EOS, the team decided to implement the Delegated Proof of Stake (DPoS). In this way, all those who possess EOS tokens will be able to choose to produce blocks thanks to a voting and approval system. Money production is permissive. That is, a user can produce blocks in proportion to the votes he accumulates. The network can produce one block every 0.5 seconds and batches of 126 blocks every time.

Where to store it?

The best hot wallet for EOS are Scatter, EOS-voter, SimplEOS and Exodus If you want more security, a cold storage like Ledger is the right choice

Pros&Cons

*DISCLAIMER* These lists are subjective, it depends from person to person

Pros

1. High scalability
2. Great roadmap and devs team
3. Low transaction fees

Cons

1. Transactions are not anonymous
2. Not completely decentralized