HOW EOS WORK//EOS (EOS) Releases Stack Exchange Proposl/// Why you Should be Aware of Cryptocurrency Market Fluctuations
The cryptospace has more cryptocurrencies popping up every day. EOS (EOS) happens to be among the most recently invented digital currencies. Daniel Larimer, the programmer behind EOS, launched the digital coin mid last year 2017. With digital currencies, each coin comes up with its own philosophy, and attempts to solve given problems.
So, EOS advertises itself as a scalable cryptocurrency with the best infrastructure for decentralized applications. Currently, it’s ranked 10 among thousands of digital coins. From their Whitepaper, the cryptocurrency’s blockchain platform is programmed such that other apps can be created on it. In a nutshell, the cryptocurrency launched a question and answer section on Stack Exchange to help developers find answers to the most screening questions.
However, the Stack Exchange proposal happens to be the most recent news. In addition, EOS also made remarkable progress last year by releasing a development update of EOS.IO DAWN 2.0.
How EOS Works
In reality, there are a lot of technicalities involved. First, the EOS.IO software runs three major native contracts. While @eos manages token transfers, @stake manages voting and election processes. Also, the software has a native contract called @stake, which manages messages, permissions, and updates of contact code. This is just parts that have already been developed.
In 2018, EOS planned to test, and secure its software. So, the following is a list of developments planned by the digital currency this year.
Developing model applications on their blockchain platform.
To stabilize their software version against bug crashes.
Add more programming languages including C++
Optimization of their coding.
The Stack Exchange Proposal
Through their twitter account @EOS.io, the cryptocurrency revealed that it had submitted a proposal to Stack Exchange. The proposal aims to help developers grow. Block.one, a team that designs free open source software, announced the proposal. However, they still need your upvote, to make the proposal a reality.
When viewing the actual proposal on Stack Exchange, EOS proposed a question and answer site for its developers, and users. As at now, we even have more than twenty proposed example questions users could ask.
This question and answer site has fringe benefits for developers who will use the EOS platform. For instance, there will be discussions. Besides, developers will have a chance to share new insights. Also, the site will help the EOS.io community grow. EOSIO added.
But the least requirement they need is 60 followers, 10 upvotes, and 40 questions. If you are interested in supporting EOSIO, you can join Stack Exchange, and upvote their proposal and existing questions.
Potential Future Based on Dawn 2.0
Since it’s a young and developing cryptocurrency, they haven’t yet made much progress. So, the only iconic feature EOS has ever had is the EOS.IO DAWN 2.0. In their new release, block.one mentioned several updated features. For instance, new people can test EOS network without having registered. It’s through the Token Faucet, which allows testing of the network by people who do not yet have EOS tokens.
Why you Should be Aware of Cryptocurrency Market Fluctuations
People who invest in cryptocurrency have access to so many tools which they can utilize for the evaluation of the digital currency market. One of the most efficient methodologies is known as technical analysis. With the assistance of this approach, investors may know a better side of the market and explore out the upcoming trends. Furthermore, with this kind of information; predictions are better-informed. They have brought the variation in the finance field globally which is recommended for the advancement of currency.
Market Capitalization
Once you decide to invest in some cryptocurrency, you need to have a proper understanding of contrast in the size related to each market. The market is directly proportional to the liquidity, depth, and stability. The larger the market, the greater the liquidity will be, as well as the depth and the stability. This proves to be true in the case of digital currency.
Unique Digital Currencies
The cryptocurrency market offers an easy way to own particular virtual currencies. However, each coin comes with lots of fluctuations. Every crypto-coin acts like data moving through a network that help track and keeping control of each unit of digital currency.
There are several different kinds of cryptocurrencies. Values range from a few cents to a few thousand dollars.
Factors Driving the Price of Virtual Currency
There are several factors that affect the steep rises and dramatic falls in crypto values. The cryptocurrency market has a volatile nature but there is a possibility to gain a proper understanding of the peaks as well as the troughs. If there is a rise in one currency, it is expected to see a fall on the other side.
Another factor related to cryptocurrency price is the attention of the media. The currency the media pays the most attention to will most likely have an influx of new investors which leads to jump in value. Previous investors in the currency see an opportunity to earn the maximum profit by selling off the currency they previously bought, and new investors can start to panic. This in turn, can lead to a drop in the price for certain time duration.
Make Money with Cryptocurrency
There are several methods to earn money: purchasing the coins, acceptance of payments, and many more. The thing that matters the most is an awareness of market conditions. In short, cryptocurrency trading acts as an awesome way to earn money.
Stabilization – An Important Factor
The requirement for stabilization is not a new concept to digital currency. It may be applied to any currency but the only thing which is needed is stability that can be utilized as a trusted source of crypto exchange.
Future Trends & Analysis
Everyone should be aware that digital currency, along with the blockchain, plays an advantageous role with respect to the price of lower transactions, the safety of digitized transactions, as well as efficiency in the execution. Virtual currency will continue playing a role in developing the future financial market. You should aim to really understand the concept and market before it replaces fiat currency completely.