EOS claims to be able to support thousands of dapps without experiencing any negative network effects like high fees or slow confirmation times, thanks to innovations like parallel processing. This may be appealing for commercial developers and financial institutions looking to adopt blockchain technologies for large-scale use cases.
The network’s native token, EOS, is used to power transactions and applications on the blockchain, and can be staked for a reward in a consensus model called Delegated Proof of Stake (DPoS.)
EOS was created to be easy for developers and end-users to adopt, with a specific focus on the pain points faced by developers of blockchain applications today – particularly those of speed, scalability, and flexibility in program design.
Released: July 2017