What Is EOS Coin? How Does It Work?

EOS Coin is the main piece of this ecosystem. EOS is a programming platform used for creating blockchain applications. The platform allows for developing high-performance and scalable decentralized applications (dApp). At the same time, EOS presents a new tokenomic model for users. They can produce using their tokens instead of paying transaction fees.

Why EOS.io Is Matter?

1. Scalability: The project is providing high scalability supporting parallel transactions. That means the platform can complete thousands of transactions at one time. The feature is delivering seamless to high-scale apps and their workings.
2. Decentralized Applications (dApps): EOS. io is presenting to developers creating and distributing dApps. These dApps can contain various applications in some fields like financial services, games, social media, healthcare, etc.
3. Smart Contracts: EOS is also furnishing an atmosphere for creating and developing smart contracts. EOS is like a tool for coding smart contracts.
4. User-friendly Experience: Besides, the platform is supplying for developers suitable and relevant atmosphere. EOS.io developers can develop their contracts using some tools. In addition, the tools are defined by the platform.

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How Does EOS Coin Work?

The platform is working using Delegated Proof-of-Stake (PoS) consensus algorithm. The algorithm is choosing “witness” and “delegate” for verification transactions on the blockchain. These witnesses are verifying produces and supply of new blocks. Users need EOS coins for using blockchain networks. EOS coins usually are used for paying gas fees.

Who are the founders of EOS Coin?

The founders are Brendan Blumer and Dan Larimer. Blumer is the CEO of the company named Block.one. Dan Larimer is CTO at the same company. Both of them are mastering entrepreneurs about blockchain technology. They also worked for blockchain companies like Bitshares and Steemit. EOS.io was developed by Block.one and released in 2018.

EOS Partners and Backers

It is available among of backers founders of some companies like Paypal and Palantir Technologies Peter Thiel’s Founders Fund. After that, Galaxy Digital, Bitmain, and Blockchain Capital are also backers. And then EOS.io has technology giants like Google, Amazon, and IBM as investors and backers.

EOS Coin Roadmap

How Can I Buy EOS Coin?

You can find and trade EOS Coin on Binance, Kucoin, OKX, Gate.io, Bybit, and Huobi. If you want to get a special discount of %20s for CoinEngineer followers, you just must click exchange names and interact with the links.

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