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General Data and Information. EOSIO was developed and launched by block.one (white paper released in 2017), a company headed by Daniel Larimer (formerly of Bitshares and Steemit) and Brendan Blumer. It was one of the most famous (if not THE most) ICOs (Initial Coin Offering), with an almost year long uncapped ICO being offered to investors between June 2017 and June 2018, resulting in a funding of almost 4 billion US dollars. Considered to be one of the improved blockchains that aim to solve the scalability problems of Bitcoin/Ethereum, EOS aims to serve as a host for dApps, smart contracts whilst reducing transaction costs for users to zero. This is achieved via it’s consensus model, Delegated Proof of Stake (DPOS), where users vote for a set of 21 block producers who generate and validate blocks on a much shorter time scale that the proof of work blockchains. This makes for faster consensus but also has the weakness of being much less centralized than competing blockchains. Aiming to be a decentralized Operating System, network resources are described in familiar terms from computing, with CPU and RAM being the two critical limited resources for the network. Resources (CPU/RAM) required by a user to interact with the blockchain are priced by staking EOS tokens instead of via fees by validating miners. Purchasing and staking EOS tokens allows a user to interact more seamlessly with the blockchain
Milestones. 26th June 2017 - ICO begins, ERC20 tokens offered on Ethereum blockchain. 3rd September 2017 - Testnet (Dawn 1.0) launched. 4th December 2017 - Testnet (Dawn 2.0) launched. 25th January 2018 - Testnet (Dawn 3.0) launched. 7th May 2018 - Testnet (Dawn 4.0) launched. 1st June 2018 - ICO concludes, nearly 4 billion USD raised. 1st June 2018 - EOS Mainnet launches, all ERC-20 tokens frozen and transferred to new chain. 1st June 2019 - Voice (social media dApp) announced by Block.One. Utility. EOS is a dApp and Smart Contracts platform that has fast and free transactions due to the Delegated Proof of Stake consensus model and the pricing of finite network resources via staking
The EOS token is mainly used for the “purchase” of network resources (CPU/RAM) required to interact with the blockchain, but it also finds use in being a common currency for the DEXs and dApps built on the EOS blockchain as well as being a measure (when staked) of voting weight for choosing block producers. EOS has a number of active dApps existing or launching in the near future, including Voice (a social media dApp), Everipedia (a for-profit Wikipedia) and games like EOS Knights and EOS Dynasty. Significant Features. Average blocktime of 0.5 seconds; Total supply uncapped; Consensus via Delegated Proof of Stake (21 Block Producers). Flexible and powerful dApp and Smart Contract platform. Free and fast transactions. Wide variety of dApps launched or soon to launch. 21 block producers in charge of generating and validating blocks. References: .
What is EOS? How Does it Work? https://blockgeeks.com/guides/eos-blockchain/ EOS is a smart contract platform much like Ethereum. EOS, however, promises the ability to perform mi ...
Creation date: 2016-08-17
Expiration date: 2020-08-17
EOS.IO software utilizes the only known decentralized consensus algorithm proven capable of meeting the performance requirements of applications on the blockchain, Delegated Proof of Stake (DPOS). Under this algorithm, those who hold tokens on a blockchain adopting the EOS.IO software may select block producers through a continuous approval voting system.
The whitepaper of EOS is 8 Pages long.
The most influencial keywords are: Contract, State, Stating, Businesses, Users, Bitcoin, Block, Transactions, Message, and Useful.file_downloadOpen Whitepaper
Ethereum is a decentralized platform for applications. Applications build on it can use smart contracts - computer algorithms which execute themselves when data is supplied to the platform. There is no need for any human operators.
Combining a modified Bitcoin Core infrastructure with an intercompatible version of the Ethereum Virtual Machine (EVM), Qtum merges the reliability of Bitcoin’s unfailing blockchain with the endless possibilities provided by smart contracts.
EOS was founded back in May 2017.
Its source code was released publicly on github on April 2017
under the MIT License license.
Organization wise, EOSs Development is Semi-centralized and is being developed under the lead of Daniel Larimer.
The consensus on which the EOS network is run is called DPOS, while
the underlying algorithm is called DPoS.
In the current state of EOS currently is Working product
Official Subreddit for EOS: The Blockchain for Commercial Scale
|view_list r/EOS Subreddit|
|person 69,076 Subscribers|
|directions_run 295 Active Users|
|create 20 Daily Posts|
|speaker_notes 59 Daily Comments|
The Most Powerful Infrastructure for Decentralized Applications
@EOSProject General EOS discussion and support. Questions encouraged. Be respectful.
NO spam, NO price/trading discussion. Violators will be banned.
English Only Please!
|view_list EOS Channel|
|person 31,154 Members|
|directions_run 1,238 Online|
Official Twitter account for EOS
|view_list @block_one_ Channel|
|person 194,702 Followers|
|Hackathon||11.17.2019||"Do you want to build on #EOSIO? @LiquidAppsIO community #DAAPHackathon begins 8pm Sunday CST."|
The Google Trends chart displays the search interest on google in EOS relative to its peak over the last year. A rising chart shows growing interest int he project.
Every change to the codebase of EOS is registered as a commit. More active projects have many commits, dead projects nearly none.
Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.
|star 10,712 Stars|
|remove_red_eye 1,195 Watchers|
|usb 3,375 Forks|
|sync_problem 278 Open Issues|
|border_color 0 Comment Coverage|
|lock_open MIT License License|
Convert between EOS and USD with the live EOS prices, aggregated from all big exchanges that trade EOS.
Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.
Brendan Blumer -
Chief executive officer
Brendan was an early investor in blockchain and transitioned to full-time involvement in the space in 2016 when he met business partner Dan Larimer and they co-founded Block.one. Prior to this, Brendan founded okay.com, a collaborative data-sharing ecosystem for the Asia Pacific property market that has grown to be Hong Kong’s largest digital property agency.
Chief technology officer
Kokuei (Guo) Yuan
Chief people officer
There is no upper limit set to the supply of EOS. The inflation rate has been decided by the governing body and is set at 5% currently. However, unlimited supply quantity will raise concerns about inflation in the future.
EOS is comparatively a lot newer cryptocurrency. The technology’s whitepaper was released in 2017 and that is when this Blockchain network came into limelight. It was backed by a very strong research and marketing campaign by Block.io who ran the longest Initial Coin Offering (ICO) in the history of cryptocurrencies. EOS ICO lasted for a whole year from June 2017 to 2018, and it was not only the longest ICO but is known to be the most successful of all time, raising a humungous amount of $4.1 billion in the time period (Dale, 2019).
Apart from the rapid development and growth of the EOS network, recently the cryptocurrency faced a serious backlash on grounds of corruption in its governance system. It was claimed that a large part of EOS Blockchain’s governance under the Chinese crypto giants ‘Huobi’ were allegedly involved in vote-buying activities. Through this, they were safeguarding the position of their ‘block producers’ (BPs). BPs are decentralized bodies that constantly manage and govern the EOS network – there are 21 in total. Block.one and Huobi both have put forward public statements but have refrained from commenting upon and denying these charges (O'Neal, 2018).
The mathematical model of the EOS network is based on the technology’s whitepaper which was published in 2007. After that block.one, under the technical leadership of Dan Larimer, has developed the code. The platform code is an open source document which is freely accessible on GitHub where Community members are encouraged to develop code and send pull requests to block.one servers, with whom the final decision power rests.
The field of cryptocurrencies is expanding at an undying rate. One of the more interesting cryptocurrencies to have emerged on the scenes is EOS. EOS is a network based on the much-famous Ethereum blockchain. This is from where it gets its unofficial name i.e. Ethereum Operating System (The Analyst Team, 2018).
One can say EOS is an updated version of the Ethereum blockchain, decorated with many improvements and changes. The main purpose behind the EOS technology was to build a network that can support and provide a more efficient and scalable platform for decentralized applications. It performs many similar functions, but more efficiently and swiftly. When Ethereum was released initially, it claimed to have been the first blockchain to support decentralized applications. Sooner, it was revealed that it needed more improvements as it was largely corrupted with scalability issues. What EOS technology does, in summary, is that it adds another layer on top of the Ethereum network to address these issues (at the cost of decentralization). EOS hosts decentralized applications, but the EOS blockchain itself is not decentralized.
EOS has a working product, but it is centralized. The purpose of consensus algorithms is to keep a Blockchain secure.
The parent company of EOS, block.one has come up with many dApps (decentralized applications) after they launched their Mainnet (fully developed and deployed Blockchain protocol). As an estimate, there are around 350 dApps working on the EOS network, which are published by both block.one and the community members of the EOS network. The most famous of them all, perhaps, is Voice. Voice is a social media platform, official launched by block.one, that allows its users to post and share content (Bloomberg , 2019).
The main brainpower behind the EOS technology is Dan Larimer, the guy who is widely acknowledged for his genius maneuvers that gave new life to Steem (a social Blockchain network that rewarded its members for sharing content), and BitShares (a cryptocurrency trading exchange) (Zamboglou, 2018).
EOS is officially backed up by Block.one, which is a leading company that offers high-performance Blockchain solutions. The company was founded by Brendan Blumer, who is the current CEO, while Daniel Larimer serves as the company’s CTO (Ladeluca, 2019).
|Adoption||EOS is one of those currencies which have exploded on the trade charts. The network already hosts a wide base of 3 million active users and around 350 dApps have been launched on the EOS mainnet.|
|Transactions per second||EOS can process 1000+ transactions per second as compared to Bitcoin’s 6 and Ethereum’s 20 transactions per second.|
|Transaction speed||The transaction speed is much higher compared to other cryptocurrencies.|
|Transaction cost||EOS network does not require mining and as a result, there are technically no transaction costs.|
|Enery consumption||According to some analysts, EOS is around 66,000 times more efficient than Bitcoin because there's no mining involved.|
|Product availability||Around 350 dApps have been launched based on the EOS network. Also, Block.one has officially announced their own dApp named as ‘Voice’.|
|Exchange availability||EOS is available on many to exchanges like Coinbase, Bitfinex, Binance etc.|
|Security||Relatively low. The coin is relatively new/unproven.|
|Decentralization||The coin is centralized. Although, all cryptocurrencies claim to be decentralised, there are some factor of centralisation in them. EOS has serious problems related to centralisation.|
|Privacy||Transactions with this coin are pseudonymous.|
Imagine what starting capital is made available to a normal tech startup. EOS received 4 billion US dollars. What is done with this amount will decide the success. The biggest hurdle is the lack of decentralization. Unfortunately, no measures are being taken to achieve a level of decentralization similar to that of Ethereum, which is why EOS is unlikely to assert itself as the market leader.
EOS started out as an Ethereum based token but has now launched its own mainnet which uses the EOS.IO software. Block.one has laid out a roadmap which represents the plans of the company for the coming years. Under this project, the company will aim at enhancing the EOS platform in an attempt to make EOS the most widely adopted technology. Two main components of the project are to scale the block production, and to make the EOS environment more developer-friendly (About Currencies, 2019).
EOS' potential could be huge if the semi-decentralized Blockchain prevails over other smart contract platforms like Ethereum.
Since the EOS technology is based on the Ethereum network, it is often compared with Ethereum. Other substitutes considered next to EOS, are Stellar and Tron.
There are two notable partnerships that EOS has successfully retained in 2019, and which are keeping the technology competitive in the crypto-world. Tapatalk, a mobile forum app with over 300 million users, has recently launched a Gold Point Reward System which is powered by EOS Blockchain.
The other partnership is with Wanchain, which is a project that aims to achieve interoperability between different Blockchains. Wanchain has previously implemented interoperability schemes on the Bitcoin and Ethereum network, and is now eyeing EOS as its next Blockchain (Olarinoye, 2019).
Due to the superior performance of EOS (at the cost of decentralization), there are many developers who are interested about developing on EOS network. Recently a special forum was organized by MEET.ONE where EOS developers, more than 40 well-known EOS block producers and leading dApp companies introduced and adopted the EOS Blockchain (MEET.ONE, 2019).
According to many EOS leaders, a substantial contribution to the EOS ecosystem has come from the community members. There are many subsidiaries of EOS like eosDetroit, eosDublin, eosAsia and EOSGO which are working towards the development of the EOS network (Fitzpatrick, 2018).
The team behind EOS is officially represented by block.one. Daniel Larimer is the CTO who is mainly credited with developing the technology. Brendan Blumer is the CEO, while Ian Grigg and Brock Pierce serve as partners.
|# 1||Binance||EOS/USDT||$ 3.428570||$ 13,354,325||check|
|# 2||Binance||EOS/BTC||$ 3.429487||$ 4,510,975||check|
|# 3||Bitfinex||EOS/USD||$ 3.402400||$ 1,849,381||check|
|# 4||Binance||EOS/ETH||$ 3.426894||$ 469,073||check|
|# 5||Coinbase Pro||EOS/USD||$ 3.381000||$ 452,038||check|
|# 6||Bitfinex||EOS/BTC||$ 3.430258||$ 393,348||check|
|# 7||Kraken||EOS/USD||$ 3.377600||$ 303,127||check|
|# 8||Coinbase Pro||EOS/BTC||$ 3.419204||$ 284,303||check|
|# 9||Kraken||EOS/EUR||$ 3.384925||$ 145,391||check|
|# 10||Binance||EOS/BNB||$ 3.439964||$ 139,813||check|
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