Altcoins: EOS And Tezos Technical Analysis – 27 July
Popular crypto analyst Josh Olszewicz look into the price action of two altcoins EOS and Tezos, as Bitcoin is leading the crypto market wide awakening, pulling altcoins up along with it.
EOS Price Analysis
The EOS (EOS) platform, created by Block.One, is a global computing network designed to host decentralized applications (Dapps), and decentralized autonomous corporations (DACs). The EOS network hosts smart contracts on Virtual Machines and competes with other Dapp or smart contract platform blockchains, including Ethereum (ETH), Tronix (TRX), and NEO (NEO). The ETH and NEO platforms use gas to pay for units of computing power while EOS uses RAM.
The EOS blockchain went live on June 14th, 2018, after raising ~US$4.2 billion in a controversial year-long ICO. The EOS blockchain uses a Delegated Proof of Stake (DPoS) consensus model.
Tezos (XTZ) Price Analysis
Tezos is a decentralized smart contract and application network, with an on-chain governance layer designed to enable efficient network upgrades and provide a transparent stakeholder community.
