Tag: EOS News

EOS is a blockchain-based decentralized infrastructure capable of supporting industrial-scale decentralized applications (DApps) and potentially millions of transactions per second.

Developed by Block.one, EOS was released as open-source software in mid-2018. It quickly exploded in popularity, thanks to its innovative architecture that allows decentralized applications to be easily developed and deployed.

With EOS, computing resources are distributed over the total number of EOS holders through a staking system — whereby users stake EOS and are allocated CPU and NET, allowing them to perform operations with the EOS virtual machine.

This resource renting process allows transactions to be processed without a transaction fee — instead, requiring only the necessary resources be purchased in advance. This makes EOS one of the only blockchains to operate without fees, as block producers are instead rewarded by the EOS blockchain itself.

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