What Is EOS? An Introduction to the EOS Blockchain

Key Takeaways

  • EOS is a blockchain designed to compete with Ethereum.

  • It offers free transactions, unique governance, and high transaction throughput.

  • EOS popularized the delegated proof-of-stake governance model.

EOS is a blockchain designed to compete with Ethereum. Like Ethereum, it supports smart contracts and DApps, while also providing high transaction throughput, free transactions, and improved performance. Beyond those goals, EOS has taken on a life of its own: it is now best known for popularizing delegated proof-of-stake, which adds an element of democracy to the blockchain.

Token Summary

EOS raised $4 billion during its 2017 ICO. When the blockchain went live in June 2018, it became the fifth largest token on the crypto market, boasting a market cap of $13 billion. Today, EOS has a roughly $2.5 billion market capitalization, putting it in the top 10 on CoinMarketCap. The EOS cryptocurrency is listed on several major exchanges, including Binance, Bitfinex, Bithumb, Bittrex, Coinbase Pro,, HitBTC, Huobi, Kraken, KuCoin, OKEx, Poloniex, and Switcheo.

Token Use Cases

There are a few different applications for the EOS token:

  1. DApp developers can use the token to reserve transaction resources

  2. Block producers can earn the token from inflation

  3. EOS holders can stake their coins and elect block producers

  4. Coinholders can earn rewards by staking on EOS REX

  5. Users can spend the token in DApps and on other websites

Delegated Proof-of-Stake

EOS relies on delegated proof-of-stake (DPoS) consensus. Coinholders continuously elect 21 block producers, who process transactions and make governance decisions. Read More...

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