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
- New Huawei smartphone will feature a hardware wallet for digital yuanCointelegraph.com News - 6 hours agoThe Mate40 series will reportedly enable dual offline transactions and allow users to control anonymity. Huawei has announced that its forthcoming Mate40 smartphone series will…
- Bitcoin just 4 days away from historically bullish $10K price recordCointelegraph.com News - 6 hours agoIf Bitcoin can stay above $10,000 by the day of the U.S. elections, history suggests that $100,000 is next. Bitcoin (BTC) has spent nearly 100…
- Blockchain could become a part of the US military’s strategic weaponryCointelegraph.com News - 6 hours agoSIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. One often hears…
- Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crashCointelegraph.com News - 7 hours agoThe price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified. The price of Bitcoin (BTC) abruptly…
- Nearly 24% of Ether held on exchanges — three times the percentage of BitcoinCointelegraph.com News - 9 hours agoOnly 8.1% of Bitcoin is held on exchanges compared to Ether where almost one-quarter of the supply sits on exchanges. Almost one-quarter of Ethereum’s (ETH)…