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Coinbase: Now earn $10 worth EOS for learning about EOSIO

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EOS now on Coinbase Earn

EOSIO is a blockchain protocol pegged by the native cryptocurrency EOS. Founded in early 2018, the protocol is similar in most of the characteristics of a real computer, with the computing resources distributed equally among the cryptocurrency holders.

It’s free, fast and let’s the users develop resources that are required to run applications on EOS. Starting today, Coinbase offers its customers in 100 countries opportunities to earn $10 worth of EOS by learning about EOS and EOS Protocols. This provides mutual benefits for both the team by spreading it’s reach among potential users, and the customers by making them invest for free in the EOS market.

These learning lessons instill a thorough knowledge of EOS and its functionality in the users. The beginner lessons are averagely 2-3 minute videos of each level.

The first level explains in detail about what EOSIO and EOS is. The second level video talks about the Delegated Proof of Stake, which is EOSIO’s consensus model, it’s functions and benefits. It explains the quickness and efficiency of EOS blockchain with the help of DPoS model.

The third level talks about EOS token, which is a cryptocurrency running on EOS blockchain. The fourth deals with the three essential resources required to run an application in EOS: CPU, NET and RAM, their creation and use.

Level 5 deals with the development of decentralized apps with EOSIO and why it is preferable to choose EOS for their blockchain based apps. Upon this completion, the user can get into advanced lessons in which they learn about more technical aspects of EOS.

EOS is renowned as a developer’s paradise and is a great environment to develop & deploy decentralized applications (Dapps). It is a distributed, user-control minimized protocol like Ethereum, but in addition to what Ethereum offers, it also facilitates developers to improve their experience in performance and customization.

This learning experience has proved to be challenging even with sufficient knowledge of Ethereum. EOS has a promising scope in the future as it is expected to accumulate smart contract developers from other platforms. Hence, this offer is expected to garner a significantly large number of customers from all over the world.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.