What is EOS:
The EOS blockchain is designed to support enterprise grade decentralized applications (dApps). EOS is the native cryptocurrency. Each token has inherent computational power for developers to host applications. EOS is scalable, fee-less, and offers user friendly features such as human readable account names.
Built For Enterprise Grade Applications:
EOS utilizes asynchronous communication and parallel processing, which allows unrivaled transactions speed in the blockchain industry. Eventually the implementation of multi-threading and IBC will enable EOS to achieve one million or more transactions per-second.
Simplified for Developers:
EOS.io software offers a range of tools for application development. Features include databases, permissions, scheduling authentication, and inter-applications communication.
On-chain governance is a unique aspect of the EOS blockchain. Three branches of governance are bound by the Articles of the EOS Constitution - Block Producers (Executive/Legislative), Arbitration (Judicial), Token Holders (Electorate).
EOS operates based on a consensus protocol known as Delegated Proof of Stake (DPoS). Block Producers (BPs) are elected by token holders to secure and operate the network. The top 21 vote receiving BPs produce blocks. BPs are collectively paid by 1% inflation annually. BP pay depends on total vote percentage and blocks produced.
Currently, EOS has an “interim” constitution which can be modified through referendum. Additionally, the EOS Core Arbitration Forum (ECAF) provides dispute resolution for constitutional enforcement, theft, bugs in code, and other potential disputes.
Learn more here:EOS.IO Technical White Paper v2 »