Fast, flexible, and forward-driven, EOSIO is a next generation, open-source blockchain platform that enables developers, entrepreneurs, and businesses to build with confidence. EOSIO is a blockchain platform designed for the real world and recognized as the most performant blockchain platform. It is built for public or private, and permissioned or permissionless blockchain infrastructure. EOSIO is also adaptable to suit a wide range of business needs across industries with rich role-based security permissions and industry-leading throughput. Moreover, it’s designed for secure application processing. Building on EOSIO follows familiar development patterns and programming languages used by existing non-blockchain applications. This means developers can create a seamless user experience with development tools they already know and love.
With blockchain platforms that use a proof-of-work consensus mechanism, there are fees associated with the processing of each transaction. EOSIO eliminates such fees by having the network shoulder the burden of these costs–through inflation–rather than making the individual users of the network pay to access its combined resources. In other words, staking tokens covers any incidental costs by giving those who stake access to a proportional share of system resources.
EOSIO is a network where the stake-holders have the authority to select node operators, as opposed to relying on proof-of-work-based mining collectives to confirm transactions. This distributes power amongst the token holders and aligns the interests of all parties involved. The number of node operators is determined by system architects, and may vary. The biggest difference between EOSIO and other blockchain protocols is how much we have decentralized the core concepts of EOSIO blockchains.
EOS is an emerging cryptocurrency ranked in the international TOP 500 with a market capitalization of approximately 531.6MILLION dollars. In the last 24 hours it has lost 4.60% while in the last 7 days it has lost 6.75%.