2018 Michael Cao EOS Review: What to Expect this Year?
2018 is already shaping up to be a very interesting year for the tech industry. Massive change and development are taking place all the time across the industry, with everything developing at incredibly rapid rates. Indeed, one of the most interesting updates that we’re expecting to see really blow up in 2018 is EOS.
At the time of writing, EOS appears to be doing quite well. It’s seeing some rather significant drop-offs in some sectors but given it’s less than a year into its launch, it’s doing good all things considered. In fact, it’s already rated in the Top 10 coins. However, are the claims that this is “Ethereum 2.0” wide of the mark? Or is there genuine proof to say that, in the long-term, EOS might be a significant contender?
With the market in such a state of change, it’s going to be very interesting to see how EOS gets on. If you’ve got one eye trained on EOS and want to see how it’s going to be doing in the near future, then it’s time to take a look at what we think 2018 might bring for EOS.
What is EOS?
The easiest way to talk about EOS, unfortunately, is to compare it to Ethereum. It’s got a very similar framework in how it works and is part of the reason why so many people are getting interested and excited by it. With the success of Ethereum being so widespread, it’s only natural that people will want to get in on the ground floor of the next big version.
According to Michael Cao, EOS uses Block.one as its primary platform. This is entirely decentralized, and has the opportunity to host multiple applications that can be uploaded by developers who are using EOS tokens. This allows for rapid, fully encrypted and safe transactions that go through much faster. Without any third party involvement or middleman earnings, it’s easy to see why this is much more positively driven at present.
People don’t really like the idea of someone making an earning on their transactions, and Block.one — and EOS — ensures that there is far less earning going on in the middle. The other main reason why EOS is so popular is the fact that it comes with such a uniquely powerful user-friendly experience. In an era where most decry the hard learning curve to get into cryptocurrency, EOS is opening its doors to the layman.
Thanks to the use of EOS.IO blockchain software, users can enjoy faster CPU processing, better storage, higher-performing RAM, and other features like multiple block creators having an input into the software’ backend.
All of this might not mean much to the majority, but it’s all going to result in the one thing we want: faster operations. It will also help to make a more community-driven approach, with a voting system in place to help democratically choose for or against changes which are being suggested, allowing for wider consensus.
EOS and Block.one
It’s important to understand the relationship that EOS and Block.one have together. As Michael Cao stated, Block.one is a major part of the process that is driving the continued success of EOS. Indeed, since Korea is now rated as the 5th best nation for advanced knowledge in ICT, EOS is seeing rapid development due to the fact it is based here. This means it’s got a wide number of advanced minds working on offering solutions that other crypto groups simply cannot.
The aim is to have a much more easily flexible and scalable solution in place that will allow for the ever-growing Korean development team to work together as one. With everything going well, and with their ambitious development aims being met, it’s likely that EOS will most likely have yet more improvements to come in 2018 and beyond.
The set-up to make this cryptocurrency wildly successful is a major part of its overall development. The best systems in this industry thrive because they make it user-friendly and ensure that they are appealing to the right kind of users. This system taps into that perfectly, and should make the ideal starting point for EOS to see rapid gains as 2018 continues.
EOS For 2018: The Verdict
If you take rapid progress and change as a sign of potential being fulfilled, EOS is a definite one to keep an eye on. At the moment, EOS has managed to make some rather exceptional progress in a short period of time, and shows that only a few months can make a massive difference in cryptocurrency.
It’s become so well respected that many pundits are claiming it to be the go-ahead coin of the year. With a coin that’s already in the Top 10, some speculate that it will be capable of competing with Ethereum come the end of 2018.
According to Michael Cao, EOS has a chance of bridging the gap; add in the fact that Ethereum is in a bit of a lull. While Ethereum has its constant commitment to innovation and positive changes still to come, there’s still plenty of room for change at the top. EOS has the same appetite for development, and the same rate of improvement in its own back-end could really make a nervous year for Ethereum investor.
However, this is going to need more or less flawless performance from EOS, and a poor return from Ethereum. Old investor will need to stick around and keep putting more in, while new investors will need to keep coming in at the same rate.
As it stands, we expect that 2018 will be a year of hugely positively improvement across the board for EOS. The trading volume is on a constant upward curve and there are enough people getting involved to maintain confidence in EOS.
If you are looking for a coin to get in on the ground floor with upward momentum and the potential for yearlong growth, then you should count on EOS. Few blockchains are progressing at the same rate of improvement.
Source: 2018 Michael Cao EOS Review: What to Expect this Year?
