Date Launched: June 26, 2017
Amount Raised from ICO: $700M (Ongoing)
Mineable: DPoS (Delegated Proof-of-Stake)
Founders: Brendan Blumer, Dan Larimer
Advisors: Brock Pierce (Entrepreneur)
Type: Platform, ERC-20
EOS is a blockchain based operating system designed to support commercialscale decentralized applications. It is a ERC-20 token, but aims to evolve to its own blockchain and enable its own smart contracts with new designs to scalability. EOS will supposedly serve many of the same functions as Ethereum with improvements.
EOS uses Web Assembly, a new paradigm for web developers which allows compiling of many programming languages such as C, C++ and even Solidity. This will ideally enable quick porting of many code bases over to the EOS platform.
EOS’s main feature is that it is free of any fees, and was built with scaling in mind, hoping to reach millions of transactions per second. Currently, it claims to allow 50,000 transactions per second. EOS has parallel processing also makes building decentralized apps easier. There will be 5% inflation per year on its coin, which is used to fund operations on the EOS platform.
EOS Strategic Vision
As a contributor to the growth of the EOSIO software, Block.one is committed to working with the community to develop a platform that will strengthen and grow the ecosystem. The following are foundational pillars through which we aim to make EOSIO the fastest, most scalable, and easiest to use blockchain in the world.
This outline of our vision for EOSIO represents directional areas where Block.one strives to continually explore the advancement of the software in close collaboration with the community over the next few years. Areas of interest in this document should not be treated as products with launch dates but instead should be seen as broad areas where we are committed to making continual improvements. As the needs of the community and software platform continue to grow we expect to iterate and prioritize these enhancements to continue making EOSIO the most performant blockchain software in the market.
While EOS boasts many features, it has been criticized for raising one of the largest ICOs without a working product. Most recently, EOS announced a partnership with Mike Novogratz’s Galaxy Digital to create a $325 million EOS.IO Ecosystem Fund to fund projects built on top of the EOS platform.
The founder of EOS is Dan Larimer. EOS is Larimer’s third project, previously having built SteemIt and BitShares.