EOS.IO
| Company type | Private |
|---|---|
| Industry | Block chain |
Area served | Global |
Key people | Brendan Blumer (CEO), Dan Larimer (CTO) |
| Products | Decentralized applications |
| Parent | Block.one |
| Website | eos |
EOS.IO is a blockchain that operates as a smart contract platform for the deployment of decentralized applications and decentralized autonomous corporations.[1]
History
Based on a white paper published in 2017, the EOS.IO platform is currently being developed by a private company, block.one, to be released as open-source software on June 1st, 2018.[2] The aim of the platform is to provide smart contract and decentralized storage enterprise solutions that solve the scalability issues of blockchains like bitcoin and ethereum, as well as eliminating all fees for users. EOS.IO accomplishes this by being both multi-threaded (able to run on multiple computer cores) as well using delegated proof-of-stake for its consensus protocol.[3] It aims to be the first decentralized operating system (EOS.IO) that provides a development environment for decentralized applications like Steemit. The native token, EOS, is a utility token that provides both bandwidth and storage on the blockchain, in proportion to total stake (owning 1% of EOS tokens allows for usage of up to 1% of the total available bandwidth). EOS tokens also allow the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner's stake.
In order to ensure widespread distribution of the native token at the launch of the blockchain, one billion tokens are being distributed on the ethereum blockchain by block.one.[4] This will provide a distribution that anyone can use to launch the EOS blockchain once the software is released, while the CEO of block.one, Brendan Blumber, announced that block.one will support the EOS.IO blockchain with over one billion USD in funding from the token sale.[5] The CTO of block.one is Daniel Larimer, notable for his role in building Bitshares, a decentralized exchange, building Steemit, a decentralized social media platform, and also developing delegated proof-of-stake and proposing the idea of a decentralized autonomous corporation.[6]
References
- ^ "EOS: Unpacking the Big Promises Behind a Possible Blockchain Contender - CoinDesk". CoinDesk. 2017-06-25. Retrieved 2017-12-19.
- ^ "EOS.IO Technical White Paper". GitHub. 2017-06-26. Retrieved 2017-12-19.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "BlockShow Asia 2017 Begins, Opens With Big EOS Announcement". Cointelegraph. 29 November 2017.
- ^ "EOS Blockchain Operating System Unveils Year-Long Token Distribution". Blockchain News. 2017-06-27. Retrieved 2017-12-19.
- ^ "BREAKING: Block.one CEO Brendan Blumer Announces $1 Billion in Capital for EOS Projects - Cryptovest". Cryptovest. 2017-10-09. Retrieved 2017-12-19.
- ^ "DAN LARIMER: Visionary Programmer of BitShares, Steem and EOS". Hacker Noon. 2017-06-11. Retrieved 2017-12-19.