EOS is a blockchain platform for the development of decentralized applications (dapps), similar to Ethereum. It was created by a company founded by Dan Larimer, the creator of BitShares and Steem.
EOS uses the Delegated Proof-of-Stake (DPoS) consensus algorithm, which is similar to the one used by Steem. DPoS is a variation of the Proof-of-Stake (PoS) algorithm, which is itself an alternative to the Proof-of-Work (PoW) algorithm used by Bitcoin.
How to invest in cryptocurrencies safely?
According to TradeDays when it comes to investing in cryptocurrencies, there are a few things you need to keep in mind in order to do so safely.
Firstly, as with any investment, you need to be aware of the risks involved – but with cryptocurrencies, there are a few additional risks to keep in mind.
For example, the value of cryptocurrencies can be incredibly volatile, and investors could potentially lose a lot of money if they don’t know what they’re doing.
That being said, there are also a number of ways to mitigate these risks and still invest in cryptocurrencies safely.
For example, you can diversify your portfolio by investing in a variety of different cryptocurrencies, instead of just putting all your eggs in one basket. You can also keep an eye on the market and only invest when you feel comfortable doing so.
Ultimately, there’s no guaranteed way to completely avoid all risks when it comes to investing – but if you’re aware of the risks involved and take steps to mitigate them, you can still invest in cryptocurrencies safely.