Eos (EOS)

What is EOS? EOS is a distributed ledger technology platform based on blockchain technology that was developed by Block.one, a software company founded by CEO Brendan Blumer and CTO Daniel Larimer in 2017. It is a decentralized, open source computing operating system designed to provide speed, scalability and security to developers who want to build decentralised applications and services with smart contracts. The EOS token acts as the transfer of value within the EOS platform and enables developers to develop and use Decentralized Applications (DApps) in the network. Who founded it? The software company Block.one was founded by CEO Brendan Blumer and CTO Daniel Larimer in 2017. As the founders of the platform, Blumer and Larimer have continued to develop and grow the EOS platform ever since by creating and tweaking features, building up the user base and ensuring that the EOS ecosystem remains secure and safe for users. What Makes it Unique? EOS is unique due to its scalability. It is capable of executing millions of interactive transactions per second, a feat that few other platforms can match. Additionally, it offers users a self-governance framework and also offers them the possibility to succeed in a competitive EOS ecosystem. Furthermore, EOS also operates on its own blockchain technology, Delegated Proof of Stake (DPOS), which eliminates the need for miners in order to process and validate transactions. As such, it helps to reduce transaction costs, allowing more people to use the platform. Where is it used? EOS tokens are used as the fuel that allows transactions and operations on the EOS network. They can be used to develop and create applications, interact with the platform, vote on their chosen block producers, and purchase EOS-based products and services. The EOS network can be used for a variety of applications, such as online gaming and gambling, decentralized finance and exchanges, sharing economies, and even data storage. Where to buy/sell it? EOS tokens can be purchased on a number of popular cryptocurrency exchanges, such as Binance and Coinbase. They can be bought with either fiat currencies, such as US Dollars, or with other crypto tokens, such as Bitcoin and Ethereum. Alternatively, users can buy EOS tokens directly from the Block.one website. Selling EOS tokens can be done by using the same cryptocurrency exchanges as buying, but can also be done by converting them into other crypto tokens or fiat money. Conclusion EOS is a blockchain-based operating system designed for developers to create and deploy decentralised applications and services with smart contracts. It is powered by the EOS token and its unique scalability, self-governance framework, and elimination of miners all make it an attractive option for those wanting to start developing and using DApps. EOS tokens can be bought and sold on various exchanges, both crypto and fiat, while they can also be used to purchase products and services within the EOS ecosystem.