Today we are announcing BitGo’s support for EOS. Qualified, insured custody for EOS is available through BitGo Trust Company and hot wallets are available through our web interface or API. We believe that this is the first institutional-grade, multi-sig web wallet for EOS. Our mission is to bring trust in digital assets and we are thrilled to now extend this mission to EOS, enabling institutional investors to engage with this promising project with ease and assurance.
EOS was one of the most requested coins by our clients. This was little surprise to us considering EOS’ successful ICO and its growing decentralized applications ecosystem. EOS raised $4 billion in 2017 prior to the launch of the network, marking the biggest ICO to date. Since then, the EOS platform has grown into a mature platform for decentralized applications.
EOS is fast, scalable and with little transaction fees. These factors have made EOS a friendly environment for dApp development, especially for decentralized games which use a high volume of transactions. According to DappRadar’s data, EOS currently hosts half of the top 100 dApps by number of users and 40% of the top 100 dApps by transaction volume.
2019 has been a critical year for dApp platforms. While decentralized finance (De-Fi) applications are showing a preference for Ethereum, decentralized games and other more computation intensive dApps are choosing EOS and TRON. These divergences are an echo of the differentiating features of the base layer of these blockchains.
In a recent interview with Defiprime, our CTO, Ben Chan said, “our culture and approach at BitGo has always been to build infrastructure and platforms to help drive the global economy.” We are excited to extend this infrastructure to support EOS for our clients.