EOS (EOS) price, marketcap, chart, and info - Crypto.co

Launched in June 2018 by Block.one, the EOS (EOS) token powers the EOS decentralized applications platform. The software protocol is an open-source blockchain for building DApps.

EOS supports large-scale applications and doesn’t charge fees to send or receive EOS tokens. Instead, developers must hold EOS tokens instead of spending them on transaction fees to use the EOSIO platform resources to build DApps.

There are just under one billion EOS in circulation, and the coin has a market cap of $2.6 billion USD. The EOS coin is traded on several of the top cryptocurrency exchanges.

As part of its ICO, Block.one promised to back the EOS token with $1 billion in funding. They released one billion EOS tokens during the ICO, which raised over $4 billion and set an ICO record.

The EOSIO Decentralized Application (DApps) Platform
The EOSIO blockchain-as-a-service platform enables building public and private DApps. The platform is fast, secure, and can scale to process a million transactions per second without fees.

The EOSIO platform is more scalable and flexible than other blockchain networks like Ethereum. EOSIO creates a lucrative and easy to use platform that has several popular resources like:

Self-describing interfaces
Self-describing database schemas
Declarative permission scheme
Web toolkit for interface development

One of the EOSIO’s best features is that it uses familiar development patterns and languages for programming, making it easy for developers to create seamless DApps. Because of this, EOSIO is very attractive to software developers and has thousands of daily active users.

EOSIO Governance
The EOSIO platform governance allows token holders to elect 21 block producers using the delegated-proof-of-stake (DPoS) voting mechanism. These block producers process transactions and distribute power between themselves, which improves governance compared to Proof of Work (PoW).