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What is EOS all about
Currently, there is an ever growing appetite for blockchain-based decentralized apps (dApps) which are still finding different homes on different blockchains. EOS is one such platform that is designed to host dApps with a high level of functionality.
EOS is a decentralized operating system that essentially allows for the creation, hosting and supporting of dApps, which makes it a one-stop-shop for dApp developers. It has also been created to cater for many, complex, and high level dApps with good scalability and no transaction fees.
The EOS ecosystem utilizes two key elements: the EOS.IO and the EOS tokens. The EOS.IO is the platform, or operating system on which the dApps are built while the EOS token is the cryptocurrency of the EOS network.
EOS developers need only hold these tokens to be granted network resources and the ability to build on the EOS.IO.
EOS is controlled by the block.one organization, and was launched by Dan Larimer, who is also the founder and creator of other well known blockchain platforms like Steem and Bitshares.
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EOS Questions & Answers
What was EOS's highest price?
The price of EOS peaked on 2018-04-29, at 18.70 EUR.
What will the price of EOS be next month?
According to our prediction, we expect, that EOS's price is likely going to reach between €2.98 and €5.00 in 1 month.
How much will EOS be worth 3 months from now?
In accordance with our prediction we expect the price of EOS will reach between €2.98 and €5.53 90 days from now.
What will EOS be worth in six months?
Difficult as it is projecting long term on the basis of our price prediction algorithm we suspect EOS's cost will reach anywhere between €2.98 and €7.65 in half a year.
Does EOS have a large following on social media?
94662 people were engaging via Reddit, in an online discussion about EOS in the last 48 hours. EOS's official Twitter profile is currently followed by null users.
What is EOS's current price?
Currently, the price of EOS is 3.85 Euro.
Is EOS controlled by Block.one?
EOS was created by Block.one and has been developed by some high-profile names such as Brenden Blumer and Dan Larimer. However, EOS is a decentralized platform and there is a distinct separation from the platform and the company behind its creation.
What makes DPoS different and what does EOS use?
In DPoS, the holders of EOS Token, unlike in Proof Of Stake, do not validate but delegate the work by electing a node to validate on their behalf , called as the validator. This makes transactions quicker, more scalable and allows for decisions to be made by token holders.
What is the difference between EOS.io and the EOS token?
EOS.io, as is intended by the project, is the blockchain and operates like an operating system for other dApps and projects. When it comes to the EOS token, it is a financial tool in the network, but it can also be used to rent computing power to others as there is no mining.
What makes EOS different from other blockchains?
The use of DPos is a big differentiator for EOS compared to other blockchains as most other chains either fall predominantly into PoW, or PoS. But, with its goal to process millions of transactions per second, EOS only uses 21 nodes.