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What Is EOS ?
EOS is a decentralized operating system, based on a blockchain, created to hold up decentralized applications at a commercial scale by offering the needed core suitability, allowing companies to create blockchain applications that are more similar to web-based applications.
EOS has an allochronic communication and handling that provides the ability to adjust, while its transaction fees are removed by its ownership model. This is why EOS is a strong competitor to Ethereum, though the ICO of EOS does support Ethereum.
EOS makes use of delegated-proof-of-stake and premieres the possibility of fixing bugs and rolling back alterations with a supermajority consensus.
The blockchain’s VIPs are the ones in charge of this project.
The token sale lasted 341 days, and during the first 5 days 20% of the EOS token supply was bought for approximately $185M in ETH. (There is a 10% reserve for block one). The token sale structure was designed that the remaining 70% of EOS tokens is to be created and sold at market value.
By block.one, EOS decentralized operating system, based on a blockchain created to hold up decentralized applications at a commercial scale by offering the needed core suitability (plus databases, authentication, accounts with permissions, planning, and managing communication to and from the application and the internet), and as such permitting creators to concentrate on the logistics of their business. EOS.IO is a program that lets ventures to create other blockchain applications that imitate existing web-based apps, and that use a construction alike to website frameworks.