#EOSProject What is EOS?
#EOSProject
EOS was developed by Block.one and founded at $EOS in 2017. It was released as an open-source platform in 2018. It is essentially a native cryptocurrency of EOS.IO, and for beginner investors, EOS.IO is a blockchain platform. Like many other cryptocurrencies, EOS was created to solve the problems of flexibility, scalability, speed, and high fees in Ethereum and Bitcoin.
EOS was launched by Dan Larimer and Brendan Blumer in 2017. You must have seen many people comparing EOS to Ethereum. This is because EOS is also a blockchain ecosystem where individuals can create and develop decentralized applications (dApps).
EOS aims to be the most powerful infrastructure for dApps. Block.one provides all the tools and resources needed to help developers quickly build functional applications. Its user-friendly design is what makes it stand out.
Many investors firmly believe that EOS will change how businesses interact by providing decentralized enterprise solutions that can dramatically increase productivity.
Interestingly, EOS holders also have the right to vote on many issues. Using the blockchain, they can participate in on-chain governance. This will help in making important decisions correctly. EOS is also backed by famous investors such as Peter Thiel and Michael Novogratz.
In the Crypto Market, EOS is a controversial coin. But due to its powerful technology, it has long-term profit potential. The blockchain technology behind EOS.IO can empower many industries and businesses.
Due to all these influential reasons, the value of EOS can increase in the long run. The most important factor is that the CEO of Block.one and the main developer of the EOS cryptocurrency token is Dan Larimer who created the concept of decentralized autonomous organizations (DAO) and invented proof of stake.
No wonder he is known as the Bill Gates of blockchain. Did you know that he was an integral part of founding companies like Steemit, Bitshares, and Graphene? Larimer’s involvement in EOS suggests that EOS will be in this race for the long haul and its pric