• EOS release date was 31st Jan, 2018.
• EOS works on Proof of Stake (PoS) protocol
• EOS All time high price is $21.54
The initial release of EOS took place on 31 January 2018. EOS is smart contract platform that introduces a Blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications.
The EOS vision is to build a blockchain DApps platform that can securely and smoothly scale to thousands of transactions per second. They aim to provide a complete operating system for decentralized applications by providing services like user authentication, cloud storage, and server hosting.
The EOS system provides a Governance model based on ‘block producers’ who vote on which transactions are confirmed, whether an application is running correctly, and on changes to the source code of individual applications as well to the system itself.
The community can actively upgrade, downgrade, and fix bugs in the system in a democratic and secure manner. Currently, there are 35 decentralized applications running on EOS with a combined ten thousand daily active users.