EOS, the cryptocurrency behind EOS.IO, could be one of the hottest cryptocurrencies of 2021.
By now, most investors are intimately familiar with Bitcoin. You likely know quite a bit about Ethereum. Even other altcoins like Cardano are catching on.
EOS could be next.
If you’re interested in making money from cryptocurrencies, this altcoin absolutely needs to be on your radar.
Why EOS Will Be Very Profitable
At its heart, EOS is solving problems found on other cryptocurrencies’ blockchains.
One of the big problems cryptocurrencies face is that some networks process transactions very slowly. Think about how important that is for people to adopt and use a coin. Even an extra minute in processing a transaction could turn people away from using the coin.
Even the vaunted Bitcoin takes an average of 10 to 20 minutes to process a transaction, according to CryptoVantage. It can even take up to an hour.
That’s one of the big reasons Bitcoin has turned into a store of value type of investment instead of a potential rival to the dollar. And it leaves a huge void in the cryptocurrency space for a coin that can rival traditional forms of payment in speed and reliability.
Widespread adoption of cryptocurrencies to solve everyday problems – from spending money to exchanging money overseas to smart contracts – is the fuel powering cryptocurrency prices higher and higher. A roadblock to adoption by the public is a roadblock to profits.
EOS is trying to fix this.