What is EOS?

Meredith Davis
Jun 26, 2018 · 2 min read

Considered the leading contender to Ethereum, EOS is a blockchain platform with the intention of providing the world’s most powerful infrastructure through the combination of the best of current and evolving technologies. The technology is structured so that as it grows, it will be able to handle millions of small to commercial-grade transactions per second, eliminating user fees and the wait time that currently bogs down other coins.

EOS is co-led by Dan Larimer, who co-founded Bitshares, a decentralized exchange, and Steemit, a social media platform similar to Medium. Unlike many token programs out there, which are run by people from the financial industry but less crypto experience, Larimer has serious crypto street cred. Brendan Blumer, founder of Block.one which is powering the EOS project, began his entrepreneurial life in tech at the tender age of 15. At age 18, he sold the company and relocated to Hong Kong to continue leading the operation within a larger organization. Long story short: if anyone can make this happen, it’s these guys.

Similar to Ethereum, EOS operates on smart contracts, but with a focus on accessibility and user friendliness that many say Ethereum lacks. The aim is to provide a complete operating system by providing a one-stop shop type experience for buying and selling EOS coins. And bonus: the token is also called EOS, which simplifies things, I think.

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Meredith Davis

Written by

GM of Enterprise at Cred

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AcreApp

Acre is the simplest all-in-one cryptocurrency investing platform. To learn more, visit www.getacre.io

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