EOS is a blockchain-based decentralized platform, whose main focus is the development, hosting and execution of distributed applications (dApps). Its functionalities are similar to those of Ethereum,
however EOS claims to be the superior platform , boasting a theoretical infinite scaling capability.
With the vision of becoming the most powerful decentralised operating system, EOS’s ICO stage started on June 26th 2017 and lasted for a year in which it managed to amass a staggering 4 billion $ in funding, being the longest running and most successful ICO to date.
EOS has a distinct consensus protocol from other similar platforms, called a delegated proof-of-stake (DPoS) , being less centralized and using far less energy. Also, unlike Ethereum, there will be no user fees on the EOS blockchain, so developers only need to have enough EOS tokens to access the functionalities , without the need to spend them.
EOS is one the giants of the industry, and most likely will stay so for years to come.
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