#MyEOSTrade What is EOS? The biggest competitor of Ethereum

EOS is one of the most powerful blockchain platforms for decentralized applications. It is similar to the Ethereum platform but faster and more scalable, allowing users to create decentralized applications more efficiently. The EOS.IO platform is being developed by the private company block.one and will allow processing millions of transactions per second through horizontal scaling, making older ecosystems like Bitcoin and Ethereum look like a vintage personal computer from the 80s with extremely limited computing capabilities.

A total of one billion EOS tokens are distributed on the Ethereum blockchain over a period of 341 days through a smart contract. EOS.IO officially becomes open-source software on June 1, 2018, paving the way for developers to harness the potential of the EOS coin.