What is EOS? The leading foundational coin of the Web3 wave

EOS is the native coin of EOSIO – a blockchain platform designed to support decentralized applications (dApps) with high transaction speeds, nearly zero fees, and great scalability. Launched in 2018 with a record-breaking ICO of over $4 billion, EOS was once expected to be the 'Ethereum killer'.

The unique feature of EOS is its use of the DPoS (Delegated Proof of Stake) mechanism, allowing users to vote for 'block producers' to validate transactions, thereby increasing speed and reducing costs.

Although it has faced criticism for a lack of development post-ICO, EOS is being restructured by the EOS Network Foundation (ENF) – focusing on rebuilding the community, supporting new projects, and integrating EVM for compatibility with the Ethereum ecosystem.

EOS may be quietly making a comeback – with a solid foundation and real technology.

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