EOS is a smart contract blockchain, similar to Ethereum, with fast transactions and zero fees.
EOS has been a hyped-up blockchain from the beginning. Their Initial Coin Offering (ICO) raised an astounding $185 million, all without having any product or service yet
The Team Behind EOS
The EOS blockchain was developed by a company called Block.one founded by Daniel Larimer and Brendan Blumer in 2016.
Blumer had co-founded Okay.com, a digital real estate agency in Hong Kong.
Larimer had co-founded the crypto trading platform BitShares and the Steem blockchain
Top Value Drivers For EOS
The main reasons to invest in EOS include:
- It has raised an immense amount of capital and is backed by Silicon Valley giants like Peter Thiel
- There is concern that Block.one’s involvement makes EOS relatively centralized