- Category: Smart Contract Platform
- Coin Launched: May, 2017
- Resources: White Paper
- Official Website: EOS
- Reddit: EOS
EOS History / Information / Buying / Staking
EOS launched In June 2018 after an initial coin offering that raised $4.1 billion in crypto for Block.one, the company that developed the open-source software called EOS.IO that is used on the platform. EOS cryptocurrency tokens are used as a payment system on the network.
HOW EOS WORKS
EOS is a blockchain-based public infrastructure ecosystem offering a platform for the creation of decentralized applications (dApps). It is designed to be scalable and flexible, as well being highly usable through web tool kits, self describing interfaces, and database schemes.
BENEFITS OF USING EOS
Some of the benefits of using Fantom are:
EASY HARD FORKS WITH FEWER RISKS
CAN YOU STAKE EOS
The creators of EOS came up with a completely new solution based on the so-called delegated proof of stake, in which there is a predetermined number of delegates. There are a total of 21 of them in the system and they are elected based on the votes of all cryptocurrency holders. The transactions are then confirmed by these "VIP users". The votes of EOS holders do not have the same weight. The more tokens you have, the more valuable your voice is. Thanks to this principle of transaction confirmation, it is possible to set zero transaction fees, much less electricity is consumed and at the same time the system remains fast and secure enough, says its creators. Due to long-term sustainability and security, delegates do not have a permanent position, but can be dismissed.
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