What Is Eigen (EIGEN)?
Eigen is a groundbreaking protocol known as 'recursively composable', designed to bolster blockchain networks by reusing the security of a foundational layer like Ethereum. This approach enables enhanced computation and improved scalability by making use of the established security of the underlying blockchain, guaranteeing that upgraded features do not jeopardize security, thereby upholding trust and dependability. The name 'Eigen', originating from the German word for 'own' or 'intrinsic', signifies its role in adding distinctive yet essential functionalities to the base layer.
How Eigen (EIGEN) Works
The Eigen protocol enables more efficient and effective operation by allowing users to stake tokens on the primary blockchain. This approach avoids creating separate blockchains and instead promotes a system where multiple layers can coexist and operate recursively. The Eigen token is crucial for staking and governance within the Eigen ecosystem, aligning the interests of token holders with the network's overall health and efficiency. Token holders have a say in decision-making processes, ensuring a community-centric model of governance.
The EIGEN token is a universal work token that can be staked to perform tasks within a blockchain platform. Unlike existing work tokens, EIGEN is not specialized for a specific digital task, and it can be used to secure services with objectively attributable faults as well as those with faults that can be observed and agreed upon by honest observers outside the chain. Staking with EIGEN aims to secure services with intersubjectively attributable faults and penalize operators who participate in these faults, giving the EIGEN token a universal nature.
How Many Eigen (EIGEN) Tokens Are in Circulation?
EIGEN has a total supply of 1,681,371,191. The current circulating supply of EIGEN is 186,582,000.
How to Buy Eigen (EIGEN)
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Eigen (EIGEN) Resources
Buy Eigenlayer in Saudi Arabia with Bitget
Simple 3-step guide to buying EIGEN today in Saudi Arabia
Create your free Bitget account
Select a funding method
Complete your Eigenlayer purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Eigenlayer using a payment method of your choice:
Buy Eigenlayer with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Eigenlayer order.
How to buy crypto with credit/debit cardBuy Eigenlayer with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Eigenlayer is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Eigenlayer order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Eigenlayer order.Buy Eigenlayer with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Eigenlayer order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Eigenlayer in your Bitget spot wallet
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