LONDON (Bywire News) – Across all the different blockchains in the world, you’ll find a number of different protocols – from good old fashioned proof of work (PoW) to Distributed Proof of Stake (DPoS). Each of them have different characteristics and a completely different address and account systems.
For example, Bitcoin and Ethereum use a public address system which are used to receive funds on our wallet. Other blockchains, such as EOS, use an account system, which simplifies the use of the address. In fact, behind an EOS account there is always a public address and one or more private keys.
Obviously, the obtaining of public addresses also changes from blockchain to blockchain. Those on Bitcoin and those derived from Ethereum have an infinite number of addresses that are generated by a mathematical formula. For other blockchains the matter changes.
On EOS, the accounts that we find on the blockchain are created from time to time by users / smart contracts. In order to create them, you need to invest resources, mainly RAM. From this it follows that an EOS account has an intrinsic cost, of around €2. As such, it also provides a spam barrier. Anyone who wants to secure some kind of advantage by creating thousands of accounts will have to invest a lot of resources to do so.
On the downside, this creates a small limit and a barrier, especially for beginners who are just getting to grips with the blockchain. That’s why services have been created which give people the chance to get an EOS account for free.
In this article we will show you how to get an EOS account, completely free of charge, using the service developed by EOS Microloan. This allows you to take advantage of the Telegram social network to complete the process.
Get EOS accounts with Telegram
Obviously, the first thing we will have to do will be to have the Telegram application installed on our device. Once this is done, we must start a new conversation with the related bot that was created by EOS Microloan. All we have to do for that is write the following in the search field: “CreateEOSAccount_Bot “:
Once we have found the bot, we can start a conversation with it, typing in the message field “/start”, so as to start the conversation and then proceed with the following steps:
As we can see, the other instruction will appear to be able to proceed with the creation of the account and then we will have to write the other command “/createaccount” and send:
The bot will warn us that the account we are going to create will have the extension “.mlt” and therefore we will have only eight alphanumeric characters available (remember that for EOS accounts the possible numbers are 1,2,3,4,5 ), and therefore we will have to write a name with that maximum length. To do so, we will have to enter the name we want after the command for creating the account. In our case, this will be “/createaccount hokentek”:
Below, we will have the information of the transaction and we will also be provided with the private key of our account that we will have to confirm. The private key, in this case, was used for both the active key and the owner key. Remember to use only the active key when we are going to import the private key into our wallet:
Here, thanks to a block explorer, we can view our brand new EOS account:
The bot then reminds us that, thanks to this system, we can create a total of five EOS accounts completely free – more than enough to divide and use various accounts for various things. In fact, it is always wise to have more than one account to deposit our crypto, and an account to be used for other things, such as games, dApps and more. In case of problems, only the account without funds will be compromised and will therefore not lose capital.
EOS Microloan and Pomelo
As we mentioned at the beginning, this service was made available by EOS Microloan to facilitate and simplify the process of creating the EOS account. Therefore all the resources used such as RAM are covered by EOS Microloan. However, in this season of Pomelo, anyone can support this project and donate some EOS to the project so as to have more resources and allow more people to get their EOS accounts. In fact we are talking about five EOS accounts each.
(Writing by Alfredo de Candia, editing by Klaudia Fior and Tom Cropper)