The EOS Network, a cutting-edge open-source blockchain platform, places emphasis on high performance, flexibility, security, and developer experience. Operating as a third-generation blockchain fueled by the EOS virtual machine, EOS seamlessly integrates an expandable WebAssembly engine for executing transactions with minimal fees.
Unraveling EOS: Unmatched Scalability and Flexibility
EOS emerges as the most scalable, divisible, and programmable digital currency in the market. As a Delegated Proof of Stake (DPoS) network, EOS endows stakeholders with the authority to select node operators. Token distribution across the EOS Network is decentralized, ensuring authority doesn't solely reside with block miners but extends to all involved parties.
The Allure of EOS: Advanced Technology and Supportive Community
The appeal of the EOS Network lies in its advanced technology and supportive community. It offers developers the opportunity to undertake projects not feasible on other blockchains. The network's simplicity is complemented by numerous tools and educational resources, facilitating user adaptation to blockchain technology.
Unveiling the Minds Behind EOS
The EOSIO software, the cornerstone of the EOS Network, was conceived by Block.one, under the leadership of Daniel Larimer. In June 2018, a decentralized consortium of block producers (BPs) inaugurated the EOS blockchain, based on a token distribution snapshot from Block.one's Initial Coin Offering (ICO). Subsequently, on August 25, 2021, EOS block producers reached a consensus to establish the EOS Network Foundation (ENF), led by Yves La Rose.
The Unique Essence of EOS
EOS stands as a third-generation Layer 1 blockchain, providing a low-latency and highly performant environment that empowers developers to materialize their visions. What distinguishes EOS is its technological framework and resilient community. Token holders collaborate with developers and ecosystem leaders, upholding values such as transparency, openness, honesty, and accountability, embodying the core tenets of a blockchain.
Navigating the Circulation of EOS Coins
Currently, the EOS Network boasts 995,528,087 EOS coins in circulation. Upon its launch, Block.one was allocated 100 million EOS tokens, subject to a 10-year vesting schedule. However, in December 2021, consensus within the EOS Network halted the vesting of these tokens, leading to the termination of Block.one's involvement. The remaining 68 million unvested tokens are locked in the eosio.stake account and remain outside of circulation.
Securing the EOS Network
EOS operates on delegated-proof-of-stake (DPOS), granting governance power to token holders in proportion to their stake in the system. The EOS token serves as a claim to access the EOS network's resources and governance rights. Governed by a Decentralized Autonomous Organization (DAO), the EOS Network operates as a decentralized operating system.
Where to Acquire EOS
EOS is readily available for purchase on platforms such as Binance, Coinbase, Kraken, Bithumb, and Upbit, among numerous others. Its widespread adoption within the crypto industry makes it challenging to find a trading platform that does not support EOS.
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