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15 Jul 21:10

About our EOS / EOSIO news

Latest news on EOS, a blockchain-based platform that enables the development of business applications, or DApps. EOS supports secure access and authentication, permissions, data hosting, usage management, and communication between DApps and the Internet. EOS is supported by a web toolkit store that aims at hassle-free app development.

EOS.IO is the system architecture that manages and controls the EOS blockchain network. The software uses blockchain architecture for vertical and horizontal scaling of DApps. EOS.IO is an open-source software that was developed by the private company Block.one and launched in 2017.

The EOS token is the cryptocurrency of the EOS network. A developer needs only to hold EOS coins, rather than spending them, to use network resources and to build and run DApps. Token holders who are not running any apps can allocate or rent their bandwidth to other participants who need it.

EOS is seen as a direct competitor to Ethereum, with ambitions to be bigger, better, and faster. Especially faster: while Ethereum reportedly can handle 15 transactions per second, EOS is aiming for millions of transactions per second. EOS also claims to eliminate transaction fees and to support thousands of commercial-scale DApps without hitting performance bottlenecks through its use of parallel execution and asynchronous communication methodology across the network.

The EOS Public Network is a blockchain that operates on Delegated Proof of Stake, built on the open-source software framework of EOSIO.

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