Key metricsKey metrics
PricePrice$3.9977
Asset TypeAsset TypePlatform
StructureStructureFor Profit Company
Project StatusProject StatusMVP
OwnershipOwnershipCentral Control
SectorSectorSmart Contracts
IndustryIndustryBlockchain
FoundedFounded1-Jun-2018
Funds raisedFunds raised4B
CountryCountryHong Kong
Key personKey personDan Larimer

EOS (EOS) Information{coin_name} ({symbol}) Information

The most powerful infrastructure for decentralized applications

EOS Blockchain is aiming to become a decentralized operating system which can support industrial-scale decentralized applications.
MVP Only
Current use is mostly gambling sites with various levels of Ponzi style schemes. A handful of apps such as EOS Knights are starting to see some traction.
No Address
A physical address could not be found for this project.
Funds can be frozen
A quorum of the 21 block producers can freeze funds.
Funds can be taken
A quorum of the 21 block producers can reverse transactions.

Team OverviewTeam Overview

Daniel Larimer
CTO at BlockOne
Brendan Blumer
CEO at Block.one

OrganizationsOrganizations

Block.One

Questions and AnswersQuestions and Answers

In a nutshell, what is EOS?
EOS is a smart contract platform with the goal of addressing the full spectrum of usability issues. It seeks a balance between security, performance, and usability with an ability to handle general purpose applications while also addressing the need for governance. The resulting technology is a blockchain architecture that aims to scale to millions of transactions per second, eliminate user fees, and allow for quick and easy deployment of decentralized
Who is building the EOSIO Software?
Block.one, a Cayman Islands exempted company, is building the EOSIO Software. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including blockchain software development.
What does EOS stand for?
The development team intentionally left the meaning of "EOS" undefined. Some popular interpretations are: Evolution of Scalability, Everyone's Open Society, Enterprise Operating System, Everything on Scale, Ethereum on Steroids, "Eos," the Greek goddess of the dawn
What is the function of EOS tokens?
There are three broad classes of resources that are consumed by applications running on the EOS network. Token ownership entitles the holder to an allocation of these resources. They are: 1) bandwidth and log storage (disk), 2) computation and computational backlog (CPU), and 3) state storage (RAM). In other words, tokens confer upon the owner network processing functionality. This is valuable for the folks who want to run decentralized applicatons and smart contractso n the EOS blockchain. They can hold tokens and have access to the bandwidth that will allow them to run their application - as a result, users of the application won't have to pay gas prices to conduct transactions. If the application is finished and no longer needs the bandwidth, they can sell the tokens. But what if you don't need the bandwidth or aren't going to run an application? You will be able to allocate (rent) your bandwidth to other folks who want it.
How are block producers selected?
Block producers are selected by continuous approval voting by token holders.
How do accounts work on the EOS blockchain?
The EOS blockchain will allow you to create an account name that is 2 to 32 characters in length and will include account recovery functionality.
Is there inflation and/or mining? How does that work?
There are no miners in this consensus model, only block producers who produce 21 blocks (one each per round) in a 21 block/round setup. Within each round, the order of block producers is randomized. Block producers are rewarded by the creation of new EOS tokens. The software will award new tokens to a block producer every time a block is produced. In these circumstances, the number of tokens created is determined by the median of the desired pay published by all block producers. The EOS.IO software may be configured to enforce a cap on producer awards such that the total annual increase in token supply does not exceed 5%. If token holders (ie, voters) deem that block producers are taking more inflation than necessary (bad actors), they can vote the block producers out.
How does EOS Storage work?
All token holders will be paying for the storage of the network via a portion of the annual inflation. More specifically, those who will be storing files are exposed to this supply inflation as they are unable to sell their tokens until they delete their files. Those who require permanent storage effectively burn their tokens. As long as the rate of new storage requests is locking up tokens faster than the token inflation rate, then the currency will undergo effective monetary deflation. This will in turn increase the value of the tokens paid to block producers and enables them to expand the supply of storage. In the event that there is a significant reduction in storage demand, unlocked tokens may enter the market causing effective price inflation in excess of the natural inflation. In other words, the price of tokens may fall and the amount of storage block producers can afford to maintain will decrease. Fortunately, due to the lower demand, block producers can simply decommission drives to cut costs and reduce the available capacity. Alternative, they could lower the reserve ratio used to calculate the number of tokens that must be locked up to reserve storage capacity. The bottom line is that those who require storage pay for it via the time-value of money. This should result in no micropayments, no transactional friction and no surprise fees.
Why is block.one raising so much money?
block.one has stated that they had adequate funding for the development of the EOS software prior to launching the crowdsale. So what's the plan for all of the capital that's being raised? According to multiple block.one team members, the revenue from the crowdsale will be invested into the EOS ecosystem to build & support the development of applications and infrastructure.
Isn't EOS just a copy of Bitshares and/or Steem?
At this point of development, the only similarity between Bitshares and EOS is Graphene, which is the entire reason EOS started as a fork of Bitshares to begin with. So no, EOS is not just a copy - it's a unique blockchain whose roots are in similar principles.
With only 21 block producers, how can EOS be decentralized?
This is a point of philosophical contention within the crypto community. At the highest level, here's the issue: some folks view EOS as centralized because there are only 21 block producers, versus a whole network of miners in a PoW consensus blockchain. Proponents of EOS argue that DPOS blockchains are, in a practical sense, more decentralized because PoW blockchains are controlled by a small handful of mining pools. There's no objective answer to which consensus mechanism is better - it's a function of what you're choosing to sacrifice in the Trilemma (for background on the Trilemma, ctrl-f "trilemma" on this page). In other words, it depends you're functionally trying to achieve with the blockchain in question. A chief aim of EOS is scalability and therefore has chosen a route that is weakest in the decentralized department. However, a great case has been made that the degree of decentralization achieved by 21 block producers in the EOS architecture is still sufficient and robust.
Won't Daniel Larimer just leave the EOS project after a little while to work on something else?
Many critics of EOS cite Dan's track record with previous blockchains. They feel he abandoned Bitshares to work on Steem and abandoned Steem to work on EOS. So they conclude that he will ultimately abandon EOS to work on _____. That is certainly one way to perceive Dan's track record. Another perspective is that he left each project in a healthy, fully-functioning state and in the hands of capable leaders to carry on the mission. EOS Collective encourages you to make this judgement for yourself. That said, Dan has publicly stated his intentions going forward: that he is building the EOS software so he can have a robust platform on which to carry out all of his future projects. He likened it to "wanting to eat my own dog food." Does this mean he'll work on the core EOS software forever? Probably not. But it does mean that his intention is to continue his work in the EOS ecosystem and build decentralized applications on top of the EOS network.
Which consensus mechanism does EOS use and what are Block Producers?
Delegated Proof of Stake (DPOS) with Byzantine Fault Tolerance. Block Producers (BPs) produce the blocks of the blockchain and are elected by token holders that vote for them. BPs will earn block rewards for their service, these block rewards come in the form of EOS tokens produced by token inflation.
How does the voting process work?
The voting process will begin once the Block Producer community releases a joint statement ensuring that it is safe to import private keys and vote. Broadly speaking there will be two methods of voting: Command Line Interface (CLI) tools & Web portals
What are the unique selling points of EOS?
Scaleability, Potential to scale to millions of transactions per second, Inter-blockchain communication, Separates authentication from execution, Flexibility, Freeze and fix broken applications, Generalised role based permissions, Web Assembly, Usability, Elimination of transaction fees, True user accounts with usernames, passwords and account recovery (no more having to remember long cryptographic keys), Web toolkit for interface development.

TechnicalTechnical

Key metricsKey metrics
MiningMiningMinable

Source Code Repositories

EOSIO/eos 10556 Stars 221 Contributers 248 Open Issues

An open source smart contract platform

EOSIO/Documentation 2053 Stars 9 Contributers 80 Open Issues

EOSIO Documents

EOSIO/eosjs 1199 Stars 32 Contributers 54 Open Issues

General purpose library for the EOS blockchain.

EconomicsEconomics

Tradeable CoinsTradeable Coins
923,297,017 (90% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance EOS/USDT $4.0117 0.35% $19,820,111 0.07% 0.08%
Binance EOS/BTC $4.0033 0.14% $14,112,625 0.06% 0.09%
Upbit EOS/KRW $3.9566 -1% $10,024,585 0.1% 0.1%
Bitfinex EOS/BUSD $3.9977 0% $9,626,810 0.02% 0.08%
Gate.io EOS/USDT $4.0029 0.13% $9,303,605 0.15% 0.21%
Bitfinex EOS/BTC $4.0043 0.17% $2,839,582 0% 0.04%
Coinbase Pro EOS/USD $4.0130 0.38% $2,333,574 0.08% 0.08%
Binance EOS/ETH $3.9967 -0.02% $1,659,437 0.1% 0.16%
CoinOne EOS/KRW $3.9525 -1.1% $1,440,848 0.42% 0.42%
Bitfinex EOS/BEUR $3.9977 0% $1,082,879 0.03% 0.1%
Coinbase Pro EOS/BTC $4.0021 0.11% $974,308 0.29% 0.29%
Kraken EOS/USD $3.9981 0.01% $794,335 0.09% 0.11%
Binance EOS/BNB $4.0095 0.3% $673,582 0.15% 0.37%
Kraken EOS/EUR $4.0115 0.35% $562,580 0.21% 0.21%
Coinbase Pro EOS/EUR $4.0203 0.57% $394,983 0.22% 0.48%
Kraken EOS/BTC $3.9856 -0.3% $394,611 0.12% 0.24%
Bitfinex EOS/ETH $3.9957 -0.05% $317,493 0.01% 0.16%
Binance EOS/USDC $4.0010 0.08% $292,413 0.26% 0.33%
Bitfinex EOS/BJPY $3.9977 0% $174,480 0% 0.08%
Gate.io EOS/BTC $3.9950 -0.07% $171,685 0.41% 0.62%
Poloniex EOS/BTC $4.0041 0.16% $165,762 0.42% 0.43%
Binance EOS/PAX $4.0053 0.19% $137,646 0.31% 0.41%
Gate.io EOS/ETH $3.9934 -0.11% $103,507 0.32% 0.7%
Bitfinex EOS/BGBP $3.9977 0% $96,680 0.03% 0.1%
Binance EOS/TUSD $4.0025 0.12% $84,305 0.33% 0.39%
Bitfinex LEO/EOS $3.9702 -0.69% $69,682 4.4% 5.8%
Poloniex EOS/USDT $4.0136 0.4% $65,699 0.43% 0.7%
Bittrex EOS/BTC $3.9949 -0.07% $42,711 0.22% 0.31%
Upbit EOS/BTC $3.9949 -0.07% $42,711 0.39% 0.39%
Kraken EOS/ETH $3.9963 -0.03% $33,186 0.35% 0.49%
Bittrex EOS/USDT $4.0033 0.14% $28,892 0.58% 0.58%
Poloniex EOS/ETH $3.9827 -0.38% $22,122 0.1% 0.75%
Poloniex EOS/USDC $4.0135 0.39% $10,213 0.6% 1.1%
Bittrex EOS/ETH $4.0113 0.34% $418.50 0.47% 0.59%
Lykke EOS/BTC $5.1354 28% $0.0000 47%
Lykke EOS/ETH $4.2811 7.1% $0.0000 24%
Lykke EOS/USD $4.8997 23% $0.0000 12%

Latest EOS NewsLatest EOS News

EOS and TRON Taking Over The Dapps Space Leaving ETH behind In Recent Findings

Based on data culled from Dapp.review, an on-chain data and analytics platform on July 23, 2019, EOS and TRON blockchains are significantly ahead in the decentralized apps (dApps) space. For the past 90 days, the duo has rivaled Ethereum (ETH) based dApps in terms of the number of users, volume, and transactions. EOS...

ZYCrypto ReadRead 

Alternateth: A ‘Friendly Fork’ of the Ethereum Blockchain

One ethereum community member is about to begin what one might call a “friendly fork” of the ethereum blockchain. Called “Alternateth,” James Hancock, project team lead at ethereum startup ETHSignals, told CoinDesk in interview that he hopes the network will act as “a sister chain” to ethereum validating ideas and...

Coindesk ReadRead 

Block.one Paid $30 Million For a Domain Name

Social networking is so hot right now but is it hot enough to spend $30 million on the domain name Voice.com? Block.one thought so. The blockchain consulting outfit paid MicroStrategy for access to what it calls a “ultra-premium domain name” in order to give their new social network a leg up in adoption. Voice.com is...

Coindesk ReadRead 

‘Monopoly’-Style Blockchain Property Trading Game Raises $2 Million

FinLab EOS VC Fund and several angel investors have invested a combined $2 million in Uplandme, maker of a digital property-trading game running on top of the EOS blockchain. The funds will be used to support the development and launch of Upland, which is currently available in beta , and will become widely available...

Coindesk ReadRead 

Report: Dapp activity mostly bots

A new report from AI-powered blockchain analytics firm [Anchain](https://medium.com/@anchain.ai/our-ai-detects-your-ai-revealing-the-secret-blockchain-dapp-world-of-bots-eed8884a07) reveals that bots made up 51 percent of accounts and 75 percent of transactions on the EOS blockchain in the first quarter of 2019 —...

BraveNewCoin ReadRead 

Study: 75% of Dapp Transactions Are Now Made By Bots

AnChain.AI, a blockchain APT hacker group that provides AI-powered blockchain ecosystem security, according to CBInsights, released a report showing that the equivalent of $6 million in transaction volume was driven by rampant, malicious bot activity on Dapps in the first quarter of 2019. The report — the...

Coindesk ReadRead 

EOS Price Analysis - Dapp numbers mostly bots, finds report

EOS ([EOS](https://bravenewcoin.com/data-and-charts/assets/EOS/price)) is a computing and smart contract platform. The asset has gained over 450% since the December lows, but remains down 53% from the all-time high established in April 2018. The market cap currently stands at US$5.9 billion with US$1.97 billion in...

BraveNewCoin ReadRead 

EOS Startup Block.One Is Using Its Billions to Buy Back More Equity

Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk. The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful...

Coindesk ReadRead 

Block.One’s New Social Media Site Will Do Identity Checks for Every User

Block.one is going to keep bots off its social media platform by checking the identity of every single user against a government ID, a source with direct knowledge of the product tells CoinDesk. The company intends to have plenty of people to verify as well, the source said, with plans to spend aggressively on...

Coindesk ReadRead 

Block.One Is Launching a Social Media Platform on the EOS Blockchain

While Facebook pursues crypto, crypto is pursuing social media. Block.one – the multibillion-dollar team that built the EOSIO platform – is the latest blockchain firm with social-media aspirations. Announced Saturday, the new platform will be called Voice. The company says its new social network will stand out by not...

Coindesk ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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