EOS

EOS is a scalable blockchain platform for dApps. It cannot be mined. EOS is currently worth $ 0.61 per coin.

EOS

Last updated 7 hours ago
Price per EOS in USD $ 0.61009739789679
Price per EOS in Bitcoin 0
Volume over the last 24 hours $ 95,781,637
Market cap in USD $ 944,089,002
Change in % over the last hour 0.55089568
Change in % over the last 24 hours -4.55128985
Change in % over the last 7 days -2.60515467

EOS specifications

Name EOS
Symbol EOS
Minable No
Algorithm DPoS
Prooftype DPoS
Premine: N/A

Coin description

EOS is a blockchain platform designed for building and deploying decentralized applications (dApps) at scale. It uses a delegated proof-of-stake (DPoS) consensus mechanism, where token holders vote for block producers who validate transactions. EOS aims to solve scalability issues faced by earlier platforms like Ethereum, offering near-instant transaction confirmation and zero fees.

EOS Scalability and Governance

EOS's architecture supports parallel processing, enabling it to handle thousands of transactions per second. Its governance model allows stakeholders to vote on proposals, ensuring community-driven development. For example, EOS has been used to develop gaming platforms, social networks, and decentralized exchanges, showcasing its versatility in various industries.

One of EOS's challenges has been its reliance on a small number of block producers, raising concerns about centralization. However, proponents argue that its scalability and developer-friendly environment outweigh these drawbacks. Keywords like EOS scalability and DPoS governance are closely tied to this project.

EOS price history