What Is EOS?
EOS is a chopine that ’ randomness designed to allow developers to build decentralized apps ( otherwise known as DApps for short-change. ) The project ’ randomness finish is relatively elementary : to make it ampere square as possible for programmers to embrace blockchain technology — and ensure that the net is easier to use than rivals. As a result, tools and a range of educational resources are provided to support developers who want to build functional apps cursorily. early priorities include delivering greater levels of scalability than other blockchains, some of which can only handle less than a twelve transactions per second. EOS besides aims to improve the know for users and businesses. While the project tries to deliver greater security and less clash for consumers, it besides vies to unlock flexibility and complaisance for enterprises.
The blockchain launched back in June 2018 .
Who Are the Founders of EOS?
The EOS platform was developed by the caller Block.one, and its white paper was authored by Daniel Larimer and Brendan Blumer. Both men continue to be members of Block.one ’ s executive team, with Blumer serving as CEO and Daniel Larimer as CTO. Blumer is a serial entrepreneur, and one of his earliest ventures involved selling virtual assets for video games. He went on to co-found Okay.com, a digitally concenter real number estate means in Hong Kong. Larimer is a software programmer who has besides started a series of crypto ventures. They include the crypto deal platform BitShares and the Steem blockchain. The pair met in 2016 and formed Block.one the stick to year .
What Makes EOS Unique?
To an extent, you could argue that EOS aims to create acquaintance for its users. Whereas EOS.IO is credibly good compared to an engage system like Windows or io, EOS is the cryptocurrency that drives the network. According to the party, it has the capacity to accommodate the demands of hundreds, if not thousands, of DApps — even if they were being used by solid numbers of people. Parallel execution, adenine well as a modular approach, are said to drive this efficiency. In a unique spin, token holders have the ability to vote for barricade producers — deoxyadenosine monophosphate well as other matters such as protocol upgrades.
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unfortunately, some of the most identify features of EOS are those that certain critics dislike the least. There are those that argue that across-the-board Block.one ’ s engagement with this plan means it ’ s rather centralized — and some argue this is the opposite of what blockchains and cryptocurrencies were meant to achieve .
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How Many EOS Coins Are There in Circulation?
There are 936 million EOS coins in circulation at the clock of compose, and a sum issue of 1.02 billion tokens. Block.one held an initial coin offering for EOS back in June 2017 and it lasted for a year — that ’ s well longer than many of the ICOs seen at the time. A full of $ 4.02 billion was raised in the process, and investors from the U.S. were unable to take part. Looking at the dislocation of how tokens were distributed, 10 % were allocated to the founders, while 90 % were distributed among investors. It is worth noting that Block.one won ’ deoxythymidine monophosphate receive this allocation straightaway — alternatively, it ’ ll find over a 10-year period.
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How Is the EOS Network Secured?
EOS uses a delegate proof-of-stake consensus mechanism. This concept was conceived by Larimer, and aims to solve some of the flaws that are seen in PoW and PoS systems. As we briefly explained earlier, those who own EOS tokens are able to vote for representatives who will be responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those who have greater levels of computing power and resources .
Where Can You Buy EOS?
It is possible to buy EOS through Binance, Coinbase, Kraken and countless other exchanges. Given how widely used it is in the crypto industry, you ’ ll credibly be hard pressed to find a trading platform that doesn ’ metric ton support it. Some services will allow you to use decree currencies to make a purchase, either through a deposit transfer or a credit menu. Find out more about decree on-ramps here .