Buy EOS in India

Simple Steps to Buy EOS in India

1. To register on Bitbns, simply click on 'Register'.Then, enter your email, choose a password and make the 'Click to pass'. You will receive a confirmation email and this may take a few minutes.

2. You will also have to upload KYC verification documents on Bitbns, by sending a snapshot of your identity card like Aadhar card or PAN Card. This process takes only 30 minutes.

3. Once registered, you will receive an activation email. Then investors can deposit and withdraw by going to the 'Wallets' tab at the top left. And start making EOS purchase.

4. To send EOS or other cryptocurrency between other crypto wallets, on Bitbns would take only 10 minutes.

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About EOS:

EOS is an alternative to Ethereum, created by Dan Larimer, who is also the creator of Steemit and Bitshares.

EOS is designed to support distributed applications that have the same look and feel as their centralized equivalent, for example without the user having to pay for each transaction. It also means that any type of application can be built, run and managed by the EOS operating system, creating a new level of transparency. EOS is designed for large scale development of large enterprises and hence it is currently not considered by existing blockchain platforms.

EOS - Promises of innovation:

A blockchain built under EOS will use three resource classes to deploy applications:

• Bandwidth and log storage [1] (disk)

• The computing power (CPU)

• Storage of the state of the blockchain (RAM)

The management and use of these resources is determined by rules that prevent the rewriting of transactions and allow the dynamic allocation of available resources between the nodes. The value of the reward allocated to block producers is determined by the median of the proposals they have submitted, but the rate of inflation can not exceed 5%.

The innovations proposed by Dan Larimer for the EOS DPoS:

• Free access to the blockchain.

• Transaction fees independent of the value of the token.

• Block producers have the power to freeze accounts if they coordinate because they are the ones who choose the transactions they include in their blocks. This can be used to correct some extra-producer corruption issues, and shareholder voting is there to prevent misuse of this right.

• The protocol update is done by block producer approval: proposal, 30-day approval, source code ratification and application 7 days later.

• It is possible to deploy different virtual machines on an EOS blockchain. She will of course support the EVM and Wasm.

• EOS will also enable inter-blockchain communication, thanks to advanced proofing systems and its general architecture (Merkle Proofs for Light Client Validation, Proof of Completeness, 3-second latency).

About Bitbns

Bitbns is a new cryptocurrency trading platform created in December 2017, which is already one of the largest platforms in the India. Bitbns ensures the highest quality of service. Simple and fast delivery of investor purchases. It is very interesting to note that Bitbns is currently stoking a lot of interest among Indian investors.