EOS is an open-source decentralized platform that gives users a clear secured transaction to use and solve real-world challenges. The creators built it with features like good connectivity to blockchain networks -private and public – user-friendly and scalability.
These features allow users to experience consumer-friendly design and safe processing with high transaction speeds. The platform also aids developers to create simple decentralized apps called DApps.
Founded by a company called Block.one, the aim was to provide simplified blockchain technology for programmers. Because of this, they equip the platform with tools and resources that will make the building of functional DApps easy.
In 2017, an initial coin offering for this coin raised a sum of $4.02 billion and lasted for a year. During distribution, 10% of the total supply was for founders while 90% to investors.
With a market cap of over $2.5 billion, it is one of the most successful blockchain-based systems. Presently, the coin available for circulation is 936 million EOS and an allotted sum of 1.02 billion tokens as total supply.