Ongoing EOS ICO Has Raised Over $2 Billion
Slated for a 350 days, the longest running ICO (initial coin offering), EOS, has raised the largest ICO amount till date. Up to date, EOS has raised $2.6 billion according to a price analysis published in Brave New Coin.
Quite similar to Ethereum, EOS is a platform for decentralised applications and many believe this project to be larger and better than Ethereum. In his own words, Bitfinex CEO, Jan Ludovicus van der Velde, frankly believes this is the case as he described EOS as “fundamentally transformative” and launched a decentralised exchange called EOSfinex in partnership with the company.
In a dissimilar fashion, EOS uses a consensus system called delegated proof of stake (DPOS), which essentially means that blocks are approved by 'elected representatives' instead of every node. DPOS is the same model used by companies such as Lisk and Tezos which many experts believe is equally problematic as Ethereum proof of work which is about to change.
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https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam
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