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EOS (blockchain)

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EOS is a blockchain operating system that allows developers to create, launch, and host decentralized applications (dApps) and decentralized autonomous corporations (DACs). [25] [3] [2] [6] ​ It adds a number of improvements over existing blockchain applications, mainly scalability and user-friendliness. [25]

History

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]

I t 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]

On June 2, 2018, the pre-sale ICO ended and the ERC-20 tokens were frozen for the mainnet launch. On June 9th, 2018 the initial group of block producers voted "yes" to officially launch the mainnet block producer voting system. On June 14th, 2018 15% (15,000,000 EOS) of EOS tokens were staked and used to vote. By reaching 15%, the network enabled all functionalities and is now considered the official chain. [32]

Block.one

Block.one is a company registered in the Cayman Islands ​, which begun offering EOS tokens in June 2017 to the public, raising over $1.5 billion and is on track to raise $6 billion to $8 billion by the end of the ICO in June 2018. 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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