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EOSIO software is a blockchain-based smart contract platform aiming to power large-scale decentralised applications.

A unique aspect of EOS is it's approach to governance, or how token holders on the network vote and implement changes to the protocol overtime. When a new user join EOS, they must first sign the EOS user Agreement, which defines the rights of users on the network as well as methods.

EOS is competing against a growing number of smart contract platforms including Etherum, Cardano, NEO, Tezos, among others.

EOS Protocol operates on a different consus algorithm than Bitcoin's proof of work called delegated proof of stake, which prioritizes speed and decentralisation.

EOS network uses a computation and storage resource exchange in place of transaction fees to create an easier user experience.