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What is EOS (EOS)?
EOS is an independent public blockchain created by Dan Larimer and Brenden Blumer. Both are well known for their accomplishments in the blockchain industry. Larimer invented the Delegated Proof of Stake or DPoS after realizing that Bitcoin mining was too wasteful of energy. DPoS is a more efficient and modified consensus that relies on a group of delegates to validate blocks instead of nodes in the network.
Created to counter the network congestion problem faced by most blockchains, EOS is faster and more streamlined. EOS also sets itself apart by using commonly available programming languages such as C++, Java, and Python instead of project-dedicated ones, making it easier to launch apps and services using the network.
As a separate blockchain, EOS has its own coin, the EOS token. The coin itself acts as a medium of exchange and governance token. EOS is also famous for one of the longest coin offerings in history, which lasted well over a year. During the period, investors and people eager to use the network acquired nearly 900 million tokens worth more than $4 billion.
EOS FAQ
- Cryptocurrencies, such as EOS, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
- Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as EOS have been created as well.
- Check out our EOS price prediction page to forecast future prices and determine your price targets.