EOS (EOS) is a blockchain protocol designed to improve the development and deployment of decentralized applications (dApps) by tackling issues such as scalability, user fees, and performance bottlenecks. This approach aims to overcome limitations observed in established platforms like Ethereum.
EOS, the native cryptocurrency, is used to access network resources such as bandwidth and storage, with costs borne by developers, which aims to create a more inclusive ecosystem.
Launched by Block.One in 2017, co-founded by Dan Larimer and Brenden Blumer, EOSIO was developed to improve blockchain scalability, interoperability, and ease of use. Larimer, known for his work on BitShares and Steemit, played a key role in introducing the delegated proof-of-stake (DPoS) consensus mechanism, aiming to enhance blockchain efficiency and governance.
EOSIO offers high transaction speeds and eliminates transaction fees, aiming to improve the user experience and alleviate network congestion. The platform supports development in common programming languages, including C++, Java, and Python, simplifying the dApp development process.
