What is EOS?
EOS is a decentralized operational system for developing and running smart contracts and decentralized applications. Those applications can run on the EOS blockchain without requiring any transaction fees. Instead, the developer needs only to stake a proportional amount of EOS tokens to host and execute applications on its blockchain. Therefore, it allows for self-sufficient application deployment. The amount of computational power one is entitled to is proportional to how many EOS tokens they're holding and the total EOS in circulation.
Applications run smoother on EOS because of its parallel processing capability. It has a dPoS system, in which 21 elected nodes are elected as block producers. These nodes are constantly checked for availability and if they are unable to produce a block over a 24h time-span, their position is revoked.
- Historical Data
- Stake or DApp? With liquid staking, you don’t have to chooseCointelegraph.com News - 4 hours agoImplementation of liquid staking addresses worrisome price fluctuations and helps users to generate higher rewards by combining staking payouts and DApp yield. Last summer, Polkadot…
- 20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins followCointelegraph.com News - 8 hours agoRecession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will…
- OpenSea launches 'Seaport' marketplace protocol allowing NFT barteringCointelegraph.com News - 8 hours ago“OpenSea does not control or operate the Seaport protocol — we will be just one, among many, building on top of this shared protocol,” said…
- Florida Rep. Donalds introduces Financial Freedom Act companion bill in the HouseCointelegraph.com News - 8 hours agoThe Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings. Rep.…
- FCA will 'absolutely' consider recent stablecoin depegging when drafting crypto rules: ReportCointelegraph.com News - 9 hours agoThe United Kingdom's Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets. Sarah…