Tarun Nagar 
The blockchain media is exposing upcoming trends in digital transaction and cryptocurrency. People are very much excited to use such platforms with diverse options and settings. The trend to accept bitcoins and cryptocurrencies is overwhelming.
Blockchain is a very unexplored and non-authoritative platform with various unknown features. Several businesses are diluting their money by investing to develop a blockchain platform like EOS. This would create an opportunity for your business to generate revenue in large amounts.
Though, blockchain is a very famous and extensively used technology in different industries. Crypto is banned in most of the countries, so it is difficult to use the EOS blockchain platform. Still it is speculated that the online transaction will boost in the upcoming time. Using this we are moving forward towards the journey of this EOS blockchain development.
Quick Summary: Business experts can learn about the working mechanism of a blockchain platform, developing steps, key features related to it, market and consumer trend, and cost to build a blockchain platform like EOS.
EOS – A Blockchain Currency
In the present scenario it is expected that Blockchian is one of the finest and rarest revenue generating market technologies. It provides users a great experience of token exchange and transaction facilities along with a large employment to the developers. You can contact a blockchain app development company to make a similar application with multiple and varied choices for trading.
There are so many different alternatives to the EOS blockchain platform which are its rivals and provide a tough competition to it. It is a possibility that in the upcoming time we are able to witness only digital transactions and virtual currencies in place of the traditional ones.
Future Predictions and Projections
1. Market Trend
It was predicted that the blockchain market is going to expand from USD 943 Billion to USD 1245 Billion at a Compound Annual Growth Rate of 55.4% at the end of 2030. Instead it was supposed to increase to 80.8% till 2032.
2. Growth Factor
The revenue for blockchain business is expected to reach $71.5 Billion at a growth rate of 8.2% till 2028. This is going to increase in the upcoming forecast period of 2024-2030. As a business investor you can contact a platform development company to develop a blockchain platform like EOS.
3. Impact on Employability
The blockchain industry generates a huge amount of employment providing more than 15.6 million jobs in the region of the United States of America. The employees have the highest returning rate of 26.4% after the post pandemic era.
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How Do Platforms like EOS Work?
There are very rare resources which tell about the working mechanism of Blockchain applications. This particular section gives the answer to this question about how Blockchain platforms like EOS works. Below are a few general steps that are superficially prescribed and discussed:-
1. Create an Account
Before entering into the landing page the user has to create an account. They have to fill in all the details related to name, email, contact, and payment methods. It is a mandatory step to make an account in order to use trading operations. Investing in crypto wallet development to develop a blockchain platform like EOS may result as an impressive step for your business.
2. Login your dApp
After creating your account you can enter into the application by logging in. Users have to put in the right login credentials to access the facilities built in the dApp. If you want to provide users with a similar platform, a dApps development company would definitely be a better choice for your business.
3. Start Trading
Users can choose from different trading options and cryptocurrencies to conduct a smooth and efficient trading among the users. There are various platforms similar to EOS crypto providing different features and bitcoin options.
4. Invest Money
Now users can invest their money in different cryptocurrencies for trading similar to EOS Blockchain. There are various non-transferable tokens that are used for blockchain transactions like soulbound that represent an entity or character.
5. Exchange Tokens
In the industry of blockchain, if you want to develop a blockchain platform like EOS, then it is important to know that providing users with an exchange of tokens may increase your earnings. Tokens are an essential and fundamental unit in Blockchain technology. You should create a smart contract on Blockchain with the help of token development companies to get a much larger benefit.
6. Withdraw Earnings
At last the customers have the choice to withdraw their invested money after a stipulated time. Originally, the money was circulated only in United States Dollars as a standard currency unit for transactions.
But, now it is traded in different currencies all over the world. As a business capitalist you can also develop a blockchain platform like EOS and implement various transaction sources.
Steps to Develop a Blockchain Platform like EOS
Suppose you are a business person present in the payment industry and want to develop a blockchain platform like EOS. Do you believe that you can do it by yourself? Definitely No.
You need a blockchain development service provider which can tackle every situation in the development process and guide you through all the steps. Below are a few steps that you must consider initially:-
1. Understand Requirements
It is very crucial to understand blockchain technology and its current market trend. As soon as you get knowledge about what is EOS crypto then you can prepare a prerequisite of your requirements. This in turn would help you in your business in the long run.
2. Idea and Algorithm
Many Blockchain development platform based services are active in the digital currency market. You can contact any of the companies which can suggest you the best and possible method to develop a blockchain platform like EOS. They can also propose the suitable algorithm for the blockchain platform development.
3. Frontend Development
After discussing various topics it is the time to start development. At first you should initialize the frontend which is a primary step towards blockchain development. You can converse with a Web3 development company that can develop a frontend for your blockchain platform. Here are a few vital frontend technologies:-
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UI/UX Designing:
In the frontend designing it is good to start with the designing of the interface. An attractive and interactive interface is a must to get large user engagement. You may also develop a blockchain platform like EOS with better designs and theme based templates.
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Behavioral Scripting:
In this developers use CSS and in some cases Bootstrap is used to make a web application responsive. Using various CSS elements with advanced scripts may result in a sophisticated behavioral application. For mobile applications XML scripting plays a major role in interface development.
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DOM Manipulation:
It basically increases the responsiveness and generates events and functions for web application manipulation. But it is a costly integration in an application. You can confirm blockchain development cost from a reputed app development company to adjust your requirements.
4. Backend Development
Our frontend development is now completed and we are ready to move to backend development. The final cost to develop a blockchain platform like EOS is mainly dependent on this rate determining step. Now let’s look at some major backend technologies:-
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Node and API:
Node.Js is used to implement server connectivity and install express packages on the Javascript server. Application Programming Interface (API) is used to deploy a dataset with information related to a specific attribute such as currency indicator and call its function whenever required.
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Database Management:
Working on such a large database requires a management system for conducting a smooth and efficient workflow. In the blockchain industry the cost to develop STO platform is dependent upon database management to register and store the Security Token Offerings (STO).
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Encryption Algorithms:
Implementing the encryption algorithms is a very important factor to secure the tokens generated and stored. There are various encryption algorithms that are used to maintain security and privacy of different non-transferable tokens. They are Elgamal, RSA, AES, and DES.
5. Blockchain Infrastructure
There should be a sophisticated infrastructure to develop a blockchain platform like EOS. Maintaining ledgers and transactions in a piece of block and connecting it to other blocks through chains is known as blockchain. First we have to implement our design and then development of the blockchain platform should be initiated.
6. Security Measures
After the development of the blockchain platform it is mandatory to secure your platform through various ethical hacking techniques. There are various tools like N-map, XML scripting, and wireshark that are used to protect the blockchain platform with a layer.
7. Testing and Documentation
An EOS platform blockchain based company prepares documentation for the businesses to handle the application easily and effectively. First it undergoes the testing and then a manual is documented on behalf of the company. Also, you can reach out to a web development company that will create a web3 development service for your business.
8. Launching and Updation
Finally we are at a stage where your application is ready to get launched and provide the first update to the users. Rendering useful and essential updates to the consumers is a major task for any business to survive the current market. It is up to you how you develop a blockchain platform like EOS with standard updates and packages.
Major Attributes to Develop a Blockchain Platform like EOS
EOS blockchain platform comes with a lot of features and functions with less dependency and more reliability. As a market expert you may also invest to make a blockchain platform like EOS. Here are a few key features of Blockchain platform like EOS:-
1. Scalable in Nature
Applications like EOS are very much scalable and efficient in working with real time functionalities. They handle millions of queries at one shot and provide solutions as well.
2. Efficient Resource Management
Resources are managed by the help of backend database infrastructure. Determining the space allocation for RAMs in CPU through customization.
3. Decentralized Governance
All the transactions and tokens are kept with each user and provide them a governing feature to invest their earnings at the right place. You can contact a Soulbound Token Development service provider to deliver a similar token facility to your users.
4. Inter-Blockchain Communication (IBC)
This provides error-free communication and transactions between two distinguished networks. Interoperability is a major execution feature which is conducted through IBC.
5. Standard Encryption
As blockchain platforms are very much vulnerable to various attacking sources it is mandatory to secure the transactions and tokens from malicious scripts and phishing codes.
6. Standardization of Tokens
This is a much more comprehensive feature that allows blockchain customers to use tokens without any restriction. It is an exclusive market identity that allows businesses to standardize tokens.
7. Large Database Structure
Due to the immense usage of blockchain applications by millions of users, it now requires a database management system to store and keep tokens and transactions securely and cohesively.
8. Layer/Compact Function
It provides a layer-2 scaling solution to the users which allow them to repair their own token in case of defection. Blockchain applications are much more compatible than payment platforms.
Substitute to Blockchain Platform like EOS
There are various alternatives to the blockchain platforms that provide services and features that are similar in nature to the EOS blockchain platform. Here are a few of them:-
1. Ethereum
It is a globally used blockchain platform which uses its formal currency known as Ether (ETH). There are various ethereum development company in the United States of America which can assist you through the process of building a platform like EOS and Ethereum.
2. Tron
Tron is one of the widely used blockchain platforms which has the basic function to improve compensatory performance for the producers. Its currency TRX works on a specified operating system and provides a preliminary token for transactions. You can avail Tron token development services at different companies and think on their solutions.
3. Hyperledger
It is implemented on a diverse and dynamic architecture allowing users to build piles of network to interact and contribute effectively. It provides a sophisticated interlocking of transactions and tokens to maintain confidentiality. There are many Blockchain development companies in the United States of America providing services regarding tokenization.
4. Solana
Solana is a web3 based blockchain platform which uses proof-of-stake (PoS) mechanism. Its original cryptocurrency is SOL which is decentralized and scalable at every transaction. In the USA you can contact a blockchain development company to develop a blockchain platform like EOS and Solana.
5. Steller
It is an improvised payment and transaction gateway. It works in a different manner providing token and stock exchange facility between two or more currencies. Companies in the United States of America provide Steller blockchain development services to the businesses at affordable rates.
Why is Blockchain Platform like EOS in Trend among the People?
Because of the linear advancement in the digital transaction it is necessary to develop a blockchain platform like EOS for the people. They are very much fascinated and intrigued to use such applications with a wide range of crypto tokens and exploring facilities. Below are a few trending and impressive factors:-
1. Freedom in Transaction
Users should feel free in transacting the tokens with great efficiency. The Initial Coin Offerings (ICO) are used in the tokenized form which allow restriction free transaction and provide complementary services. To implement this you may contact an ICO development services provider that will help you to introduce your own token.
2. User Friendly Interface
As it is already discussed in the above sections about the deployment and formation of the user interface. If you want to develop a blockchain platform like EOS it must be good looking and attractive to the users. You should communicate with an ICO token development company to build interactive and theme based tokens for your application.
3. Secure Platform
EOS is a highly secure blockchain platform for the users to use tokens and generate income from them. With the extent of tokenization the value for securing such platforms has increased from the past few years. To create a stablecoin platform which is secure and data encrypted is essential for a business to maintain authenticity.
4. Multiple Trading Options
Users would usually like to come on those platforms that provide diversity and modesty in their features. In the blockchain industry trading of tokens and coins is much popular among the users. Being a market expert you should build a Blockchain platform like EOS and provide numerous options for trading to the users.
Why Do Businesses Choose to Develop a Blockchain Platform like EOS?
Blockchain platforms like EOS are very much engaging and crowd gathering in the present scenario. To target a large audience many business tycoons are aiming to develop a blockchain platform like EOS. Below are a few major aspects that benefit a business in the Blockchain industry. They are as follows:-
1. Large User Base
It is a very obvious thing that building a platform like EOS attracts a large number of customers and generates a high profit revenue for the businesses. Being in the race for Blockchain app development as a business venture you may develop a blockchain platform like EOS.
2. Free Platform
Like the EOS platform there are various others which provide free services to the end users. This creates an opportunity for the professionals to conduct a market research on such platforms and build one. You can consult a renowned app development company and discuss the cost to hire blockchain developer that can offer you good services at a reasonable price.
3. Less Delay Time
Businesses should focus to develop a blockchain platform like EOS with low latency rate and delay for tokenization. This provides your clients and users with one of the great experiences. You should know that the cost to launch an ICO is responsible for imposing delay.
4. Collaborative Execution
Any dApp provides parallel spacing and collaborative environment to the users so that they can contribute to the blockchain society. It prevents the concept of double spending and generates a separate colony for user transactions.
Cost to Build a Blockchain Platform like EOS
The cost to create a blockchain platform like EOS is a concerning topic among the business experts and capitalists because of its complexity. There is always a panic situation between them to maintain the cost as well as the quality of the blockchain platform. Companies prefer hyperledger blockchain development with low cost efficiency.
In order to build a simple and basic application with less features and functions you have to spend around $8000-$15000. But, the price to develop an advanced platform with multiple functional units requires an investment of more than $26000.
Website Structure |
Development Time |
Estimated Cost |
| Simple Website | 5-8 months | $8000-$15000 |
| Moderate Website | 8-12 months | $15000-$21000 |
| Complex Website | More than 12 months | $21000-$26000 |
Resolution for Business Owners!!
After going through every topic in this blog it is obvious that as a business maestro you are able to understand the process to develop a blockchain platform like EOS. Although there are many other deep insights which tells about the cost to build a similar platform.
It is the best opportunity for your business to start investing in the solana blockchain development company. So, don’t wait further and get into this open platform development.
Frequently Asked Questions
1. What Do You Mean by a Blockchain Platform like EOS?
- Blockchain platforms like EOS provide a stage for token manifestation and publication.
- It has variable sources for token supply and provides various trading options.
- It has two major functions namely, proof of stake (PoS) and proof of work (PoW).
2. What is the Time Required to Develop a Blockchain Platform like EOS?
- The development time to build a simple blockchain platform is around 5-8 months.
- To prepare a well established platform with innovative features requires a time of more than 12 months.
3. What is the Cost to Create a Blockchain Platform like EOS?
- Businesses have to invest $8000-$15000 to build an elementary application.
- For a blockchain platform with multiple features and expensive tools and technologies requires more than $26000.
4. What is the Benefit to Make a Blockchain Platform like EOS?
- There are so many alternatives to blockchain platforms like EOS that are providing benefits to businesses in the context of earning and a large user pool.
- You can choose to connect an app development in the USA for building a similar platform like EOS.
- Create a trustworthy image confronting users to put a stake in your application without any hesitation.
5. How Dev Technosys can Assist Businesses to Develop a Blockchain Platform like EOS?
- Dev Technosys has a collaborative environment that offers businesses with good services and solutions.
- You can hire blockchain developer team from our company that can guide you through the process to develop a blockchain platform like EOS
- So what are you thinking? Get out of your dilemma and reach out to us to avail best possible services.
