EOS is a blockchain platform designed for decentralized applications (dApps) and smart contracts, aiming to provide fast transaction speeds and scalability.
EOS.IO is a blockchain protocol that aims to provide a platform for decentralized applications (dApps) and smart contracts. Developed by Block.one, EOS.IO differentiates itself by offering high transaction speeds and scalability, capable of supporting thousands of transactions per second. EOS.IO uses a delegated proof-of-stake (DPoS) consensus mechanism, where token holders vote for block producers who validate transactions and maintain network integrity. This governance model enhances scalability and efficiency by prioritizing throughput and reducing transaction costs, making EOS.IO an attractive option for developers seeking to build scalable dApps.
EOS, the native cryptocurrency of the EOS.IO platform, serves several key functions within its ecosystem. As a utility token, EOS is used to pay for transaction fees and resource allocation on the network. EOS.IO's unique approach to resource management allows developers to lease network resources like CPU and RAM based on their needs, ensuring predictable costs and scalability for dApp deployment. Beyond transactional use, EOS holders participate in network governance, influencing protocol upgrades and strategic decisions through their voting power. This decentralized governance model aims to foster a community-driven approach to blockchain development, promoting transparency and innovation within the EOS.IO ecosystem.