EOS (cryptocurrency)

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EOS is a Blockchain that operates as a smart contract​ platform for the deployment of decentralized applications and decentralized autonomous corporations. [25]​ [3]​ [2]​ [6]



Based on a white paper​ published in 2017, the EOS.IO platform is currently being developed by a private company, block.one, to be released as open-source software on June 1st, 2018.The aim of the platform is to provide smart contract and decentralized storage enterprise solutions that solve the scalability issues of blockchains like Bitcoin​ and Ethereum​, as well as eliminating all fees for users. EOS.IO accomplishes this by being both multi-threaded (able to run on multiple computer cores) as well using delegated proof-of-stake for its consensus protocol. [3]​ [2]


It aims to be the first decentralized operating system​ (EOS.IO) that provides a development environment for decentralized applications like Steemit​. The native token, EOS, is a utility token that provides both bandwidth and storage on the blockchain, in proportion to total stake (owning 1% of EOS tokens allows for usage of up to 1% of the total available bandwidth). EOS tokens also allow the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner's stake. [3]​ [2]


In order to ensure widespread distribution of the native token at the launch of the blockchain, one billion tokens are being distributed on the Ethereum blockchain by block.one.[4] This will provide a distribution that anyone can use to launch the EOS blockchain once the software is released, while the CEO of block.one, Brendan Blumer​, announced that block.one will support the EOS.IO blockchain with over one billion USD in funding from the token sale. [3]​ [2]


On November 29, 2017, at BlockShow Asia Block.One revealed a publicly available testing environment called EOS.IO Single-Threaded Application Testnet (“EOS STAT”). Block.One revealed a publicly available testing environment called EOS.IO Single-Threaded Application Testnet (“EOS STAT”). [2]​ [3]



Block.one is a company registered in the Cayman Islands​, which begun offering EOS tokens in June 2017 to the public, raising over $700 million. Dan Larimer​ is CTO of block.one, notable for his role in building Bitshares​, a decentralized exchange, building Steemit, a decentralized social media platform, and also developing delegated Proof-of-stake​ and proposing the idea of a decentralized autonomous corporation.[26]


Planned ICOs and dapps on EOS Main Net


See Also

List of cryptocurrencies



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  • Comment
    Konstantine Nikka-Sher Piterman  •  01/13/2018 05:52:50 PM UTC
    so exciting. scalability is the primary issue with cryptocurrencies right now especially DAPPs which  need to have on-chain transfers/Tx
Created: 2017-08-15T05:21:25.147Z
Last Modified: 2018-01-17T17:03:22.278Z