What is EOS?
EOS is a blockchain-based, decentralized operating system that enables the development, hosting, and execution of commercial-scale decentralized applications (dApps) on its platform.
It was created by Block.one, a software company based in the Cayman Islands. EOS is designed to provide a complete operating system for decentralized applications by providing services such as user authentication, cloud storage, and server hosting.
It also provides an infrastructure for developers to build and deploy their own dApps on the platform. The EOS platform is powered by its native cryptocurrency token called EOS tokens. These tokens are used to pay for resources such as bandwidth and storage on the network.
They can also be used to vote for block producers who are responsible for maintaining the network and validating transactions. The EOS platform has been designed with scalability in mind and can handle millions of transactions per second (TPS). This makes it suitable for large-scale applications that require high throughputs such as online gaming or social media platforms.
The platform also features a self-governance system which allows users to vote on changes to the protocol or network parameters without requiring any hard forks or upgrades from developers.
