The pomelo coin is the original token of the EOSIO network. EOS aims to build a decentralized blockchain that can process transactions quickly and free of charge, and supports smart contracts. The EOS blockchain was released in 2018, which attracted the attention of many investors and programmers at that time, and was once called "the murderer of Ethereum". So, what exactly is the pomelo coin? What are its future prospects? Next, let's have a look.

What is the pomelo coin (EOS)?

EOS (Chinese name: pomelo coin, English name: EOS.io, abbreviated as EOS) is an Ethereum based currency published for EOS.io blockchain system.

EOS is a new blockchain architecture, which usually completes the extension of distributed application features. The goal of the EOS project is to complete a supporting application similar to the operating system, like a blockchain architecture. Such architecture can be used to provide authentication, account, asynchronous communication, database and program scheduling on hundreds of CPUs or clusters. The final method of this method is a blockchain architecture, whose blockchain can be used for millions of transactions per second, and ordinary customers do not need to pay any application costs.

Features of pomelo coins:

1. Scalability: EOS is designed for the development of industrial scale dApps. It is more scalable and user-friendly than many current blockchains (including a Web toolkit for page development and self describing interfaces).

2. Free for everyone: the platform aims to enable developers to build dApps that can be browsed by blockchain customers for free, and open the benefits of the platform to everyone.

3. Practical currency: The original token, Pomelo Coin, is a practical currency, which means that it brings bandwidth and storage on the blockchain to the holder, which is positively related to all equity (for example, 1% EOS currency allows applications to reach 1% of the blockchain bandwidth).

4. Dealing with gas issues: EOS combines the high throughput of BitShares and Graphene with the amazing smart contract function of Ethereum, and deals with gas price issues. Therefore, in short, it is free, fast and more scalable than any other Ethereum based blockchain.

What are the future prospects of pomelo coins?

As a revolutionary bottom chain, EOS will have a great potential to increase its value. It is conservatively estimated that its market value will reach the level of ETH. After all, EOS has more advantages than ETH. Moreover, EOS is a commercial project with smart contracts, and its market growth space is very imaginative. It took EOS one year to raise money, which can be said to be the project with the longest fund-raising time and the most assets. The team assets can be said to be extremely sufficient, so EOS team assets will not be the cause of failure. At the same time, EOS has an extremely strong R&D team and investors. Technically, the EOS blockchain network system is designed based on extensive verification and long-term practice. Its implementation speed and efficiency are higher than any other current projects. EOS is the first public chain that can really apply a large number of DAPPs, representing the fundamental progress of blockchain application. From the perspective of business model, EOS uses a more reasonable and humanized business model, with extremely low development costs, which can quickly attract a large number of customers. While EOS is on the main network, more than 100 developers have also started to release DAPP. Such data can prove that the blockchain network ecology of EOS is very developed. Less than a year after the release of the main chain, it is very normal to encounter difficulties. Ethereum also had hard bifurcations when encountering difficulties, and there have been cases of expansion failure to change the mining system. The expansion improvement mechanism of EOS can make the EOS ecological environment better and better.

Speaking of this, I believe you have a certain understanding of what the pomelo coin is and its future prospects. In general, Xiao Bian also reminds investors that no matter whether they will invest in grapefruit coins or not, after all, investment is accompanied by certain risks. You must have a comprehensive understanding before entering the venue, and do not invest blindly.