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What is EOS?EOS is a platform that allows developers to create decentralized applications (otherwise known as DApps).
The goal of the project is relatively simple: to make it as easy as possible for programmers to use blockchain technology - and to ensure that the network is easier to use than its competitors. The result is the provision of tools and a range of educational resources to support developers who want to build functional applications quickly.
Other priorities include greater scalability compared to other blockchains, some of which can only handle less than a dozen transactions per second.
EOS also aims to improve the user experience for users and businesses. While the project tries to provide more security and less friction for consumers, it also contends with the need to unlock flexibility and compliance for businesses.
The launch of this mechanism began back in June 2018.Who is the founder of EOS?The EOS platform was developed by Block.one, and its official version was written by Daniel Larimer and Brendan Blumer.
Both of them continue to be members of the Block.one executive team, with Blumer as CEO and Daniel Larimer as CTO.
Blumer is a serial entrepreneur and was one of the first to start selling virtual assets for video games. He co-founded Okay.com, a digital real estate agency in Hong Kong.
Larimer is a programmer who has also launched a series of crypto ventures. They include crypto trading platform BitShares and blockchain Steem.
The pair met in 2016 and formed Block.one the following year.
What makes EOS unique?
To some extent, one could argue that EOS aims to create familiarity for its users. While EOS.IO is probably best compared to operating systems such as Windows or iOS, EOS is a cryptocurrency that operates a network.
According to the company, it is capable of meeting the demands of hundreds, if not thousands of DApps, even if they are used by a significant number of people. Parallel execution, as well as a modular approach, is said to increase this efficiency.
In a unique way, token holders have the ability to vote on blockchain vendors as well as other issues such as protocol updates.
Unfortunately, some of the most distinctive features of EOS are those that some critics dislike the least. There are those who argue that Block.one's extensive involvement means that it is fairly centralized - and some argue that it is the opposite of what blockchain and cryptocurrencies were meant to be.