EOS
EOS
About
EOS is the native cryptocurrency for the EOS.IO blockchain platform with smart contract capabilities. The company Block.one created EOS.IO in September 2017 and it now has over 100 dapps with thousands of daily active users. It enables decentralized apps, or dapps, to be created by software developers. The platform is more scalable than many other blockchain networks, with the ability to process one million transactions per second without any fees. Its dapp development capability makes EOS similar to Ethereum with the notable distinction that transaction confirmations are done through a different type of consensus system. Block producers are chosen by the EOS ecosystem through a voting mechanism known as delegated-proof-of-stake (DPoS). In order to vote, users must stake tokens for three days without selling them, putting them at risk of losing money should the price of the token drop during that time. There is no maximum supply limit of EOS tokens. The delegated proof-of-stake model uses inflation, capped at 5% annually, to fund transactions and pay block users.
Foundations - Consensus: Distributed
May 13, 2020
May 13, 2020
The U.S. district judge criticized some plaintiffs in a class-action lawsuit against Block.one for appearing to be an attempt to earn high legal fees.
With ConsenSys in one corner and LatamLink in the other, a project backed by the Inter-American Development Bank is weighing Ethereum vs. EOS tech.
EOS, Tezos and XRP have not seen high levels of intended use, according to a new report from researchers in London.
Nearly two years after EOS first launched, the so-called "ethereum killer" has been able to surmount some of the problems that have previously hamstrung it. But is that enough?
Block.one has issued its own set of criteria to use when voting for EOS block producers, perhaps controversially including where they are based.
