Buy EOS (EOS)

Yes, you can buy at Anycoin Direct EOS with iDEAL. You can also pay with PayPal, VISA, MasterCard, SEPA, Sofort and EPS bank transfer.

The PayPal platform is simple and fast. It is very easy to carry out transactions with just a few clicks. If you want to buy EOS with PayPal, you don't have to enter your bank details every time. Therefore, money transfers with PayPal are completed within a few moments. In addition, PayPal has been around for 25 years and is one of the largest payment methods in the world. Anycoin Direct allows you to buy EOS with PayPal.

No. It is not possible to deposit EOS directly into your personal PayPal wallet.

You can store EOS in the Anycoin Vault. In the Vault you can easily and securely store, exchange, sell or buy your crypto. This is because Anycoin Direct uses cold-storage, which makes it extra secure. When you use the Anycoin Vault, you pay fewer transaction fees, your cryptocurrencies are stored securely and you can easily and quickly trade between cryptocurrencies.

No, as with EOS holdings, you can only buy a fraction of a EOS token.This means you don't have to buy a whole EOS , but can opt for 0.1 EOS , for example. With Anycoin Direct, you can trade for as little as €10.

Yes, buying EOS is safe at Anycoin Direct because we have advanced security techniques and are officially licensed by BaFin. Buy EOS safely with us with a wide range of payment options.

Yes, EOS is legal in Europe. You don't have to worry about the legality of buying EOS .

Germany has some of the friendliest crypto tax regimes in the world. If you hold cryptocurrencies in Germany after one year and then sell them, it's completely tax-free. Additionally, you won't be taxed if you have less than €600 in short-term capital gains.

You only have to pay tax if your short-term capital gains are more than €600 per year or if you earn income from cryptocurrencies.

No, identification is mandatory for all our customers. We are obliged to carry out a thorough customer check. This is done according to the “know your customer” (KYC) principle.

Yes, you can. All you have to do is select that it is a business account when registering and you can safely add cryptocurrencies to your crypto assets portfolio.

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Your journey into the crypto world starts here. Buying cryptocurrencies at Anycoin Direct allows you to enter the world of digital assets. With a wide range of cryptocurrencies available and a reliable broker by your side, you can diversify your portfolio and benefit from the opportunities offered by the cryptocurrency market. Don't hesitate any longer and start your journey into the world of crypto today by buying cryptocurrencies on Anycoin Direct.

The architecture of the EOS-Blockchain found itself in quite a hype in the years of its announcement. Interesting, if you think about the fact, that in 2017 it only had a whitepaper and an ERC-20 Token which could be bought during the ICO.

EOSIO, which is the name of the software which uses the EOS Network, is natively supporting dApps (decentralized Applications) by providing a highly scalable and flexible blockchain infrastructure. Whereas the term flexibility is used for the easy application of bug fixes on the decentralized apps.

The platforms consensus mechanism makes use of the aforementioned delegated proof-of-stake (DPoS) mechanism bringing about faster transaction confirmation and higher throughput (expressed in TPS) in comparison to traditional proof-of-work (PoW) blockchains. EOS means business, for which the blockchain is actually made for.

EOSIO uses features like

• parallel processing, allowing multiple transactions to be executed at the same time and

• asynchrous communication, which serves the efficient communication within the blockchain.

It is developed, ground up, to be user friendly and achieves this by providing their developers with clear and standardized methods for interacting with the blockchain, which developing and to integrate dApps easy.

EOSIOs scalability was one of the highest priorities for block.one, which is the founding company of the EOS Project. It aims to support a widespread adoption of dApps across various industries and user bases.

It achieves scalability through innovative ways like

• horizontal scaling, which works through multiple nodes parallelly executing transactions and

• resource partitioning, which dynamically allocates network resources based on demand.

Even under heavy loads it wants to deliver a responsive user experience, which is facilitated by the optimization of the processing of transactions and network performance. This will help dApps to handle large transaction volumes with ease.

There is also a focus on the perfomance of the network, which aims at effective and fair allocation of resources among all participants.

EOSIO's governance model is stated to be promoting transparency, accountability and community led decision making. This makes EOS a fundamentally decentralized network.

Token holders elect witnesses, which is the definition given to the block producers/ node operators, and approve changes to network parameters.

By the decentralized governance, EOSIO aims to foster consesus and coordination among the participants, leading the platform to a truly decentralized nature.

Furthermore the governance framework offers mechanisms for resolving disputes and implementing protocol upgrades in a transparent and orderly fashion, ensuring the stability and reliabilty of the network.

The platform aims to set itself apart from existing projects primarily through its scalability. Thousands of dApps, even at enterprise level, could be executed on it, according to the project. This is possible because authentication is separated from other processes.

A classic transaction can be taken as an example: This consists of reducing the sender's credit balance, increasing the recipient's and proving that one is authorised to carry this out (by signing). A clear separation would mean

• Authentication = Validation of signatures

• Processes = Decrease A's balance, increase B's balance

Authentication only takes place once, when a block is added. Once it has been saved in the blockchain, it does not need to be validated again. This brings near fee less transactions on validating transactions, which leaves the network with greater computing power for the EOS virtual machine and EOS network.

Other important points are:

• Flexibility: By using a delegated proof of stake consensus mechanism, users can freeze dApps if they lead to errors.

• Governance: The delegated proof of stake consensus mechanism should not only ensure consensus for transactions, but also serve to vote on self-financed ‘community benefit apps’. According to the Proof of Stake, one's own share of tokens also represents the voting rights for these decisions.

Despite its strengths, EOSIO has to deal with challanges and critics, which argue about the lack of decentralization, governance issues and security vulnerabilites.

• Centralization concerns arise from the number of block producers, which is limited to 20 in total, who then are able to control the majority of the network resources, raising questions about the blockchains decentralization and resilience to attacks.

• Governance issues, such as the buying of votes and collusion among block producers, have raised doubts about the fair and effective use of the existing governance mechanisms.

• Security vulnerabilities, where smart contracts with bugs or network attacks pose risks to the integrity and reliability of the network lead to a greater focus on topics like auditing and enhanced security measures

Addressing these challanges will require the EOSIO community and their stakeholders to increase their efforts in order to achieve the promised decentralization, improve governance processes and in the end strengthen the security on the platform, in order to blossom with long-term success and sustainable growth.

The platform's token has the same name: EOS. The system does not charge any fees, so the tokens cannot be ‘used up’. Whoever owns one per cent of the tokens has the right to one per cent of the computing power, one per cent of the bandwidth and one per cent of the storage space. This means that dApps have to acquire a certain amount of tokens at the beginning (or obtain them through funding) and can use them to operate their project. It is then no longer necessary to top up tokens or pay fees during operation.

From EOS Token to EOS Coin

When EOS had his yearlong ICO (with only the Whitepaper being published, nothing else), it's token distribution for the ICO was taking place with a EOS Token build on Ethereum, and did in fact not give legal binding to block.one (the publisher) to transfer ownership of those ERC-20 Tokens to their respective customers on their own EOS-Blockchain further down the road.

Fun fact: One early vote, regarding the resource allocation to fund more developers, resulted in a complete mess, when voters could not come to an agreement of how the tokens should be allocated, resulting in a burn of those allocations.

The Smart Contracts deployed on the EOS Network differ from Smart Contracts on e.g. Ethereum, where once the smart contract is available there is no possibilty of updating the smart contract, in case there are some bugs etc. On EOS on the other hand, the developers can decide whether or not Smart Contracts are deployed as "immutable" or not, which makes life for the deveolpers easy, in case they want to fix or add new features to the smart contracts.

The EOS Blockchain comes with its native execution environment for running decentralized applications, which is distinct from the Ethereum Virtual Machine (EVM). This native environment, called the EOSIO WebAssembly (WASM) Virtual Machine, was integral to the blockchain from its start in June 2018.

The EOSIO WASM VM is designed to execute smart contracts compiled into WebAssembly, a binary instruction format. This setup allows for high-performance execution of smart contracts on the EOS blockchain, optimized for the needs of decentralized applications, which could potentially be used in the business world. With the WebAssembly VM EOSIO achieves their goals of higher throughput and flexibility, with no transaction fees.

How does the EOS network foundation generate income, which is needed for sustaining a business, when they do not charge network fees for the use of their blockchain?

Quite easy! Users need to stake a certain amount of EOS-Coins, which are relative to the computational power you get.

For example, one entity who wants to use the blockchain, which owns (and stakes) 2% of the available EOS-Coins, is then entitled to 2% of the blockchains computational power etc. which can be scaled up or down, based on demand by the entity.

With a growth of the network and thus higher computational power, this would mean, that users would need less coins for the same hashrate of the network. At the same time they could increase the amount of customers on their blockchain, which in theory would keep the coin price in balance. Nevertheless, we cannot, and do not want, to give financial advice on highly volatile crypto assets. Hopefully our educational resources here, are some kind of a help in DYOR!