EOS is a protocol layer blockchain (similar to Ethereum) on which people can transact, launch smart contracts and build decentralised apps, including DeFi and NFT projects.
One of the largest ever ICOs (initial coin offerings), EOS was designed to improve on some of Ethereum’s shortcomings, particularly around energy efficiency, transaction speed and ease of programming.
A carbon neutral blockchain capable of handling 10,000 transactions per second, EOS uses a Delegated Proof-of-Stake system that enables all users to take part in the staking economy and helps confirm transactions in less than a second.
EOS is the native token of the EOS network. It’s used to pay transaction fees and given out as staking rewards for holders who help secure the network.
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