We present a complete guide to understanding EOS Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
Last Updated: 8/30/2022
EOS Cryptocurrency
EOS, also referred to as EOSIO, is a Blockchain Network that is built to run Decentralized Apps and cryptocurrency transactions through Smart Contracts. The EOS Blockchain uses Delegated Proof-of-Stake (DPoS) as its consensus protocol.
An early competitor to Ethereum, EOS differed from Ether by using more traditional programming languages to create applications, such as Javascript, Python, and C++.
Key Points of EOS Crypto
- EOS is built as a platform for Decentralized Applications (dApps)
- The EOS Blockchain uses Web Standard Programming Languages (Java, C++)
- Protocol is built to handle scalable blockchain solutions
EOS Crypto Price Chart
EOS Historical Price Chart
History of EOS
The EOS Blockchain was created by Brendon Blumer and Dan Larimer in 2017. They are founders of the private company that created EOS, Block.one.
Larimer has carried a prominent role in EOS as well as extended Blockchain development. He is the Chief Technical Officer (CTO) of EOS and also developed much of the infrastructure. He is credited with the creation of the Delegated Proof-of-Stake (DPoS) Consensus Protocol that the EOS Network is built on.
The EOS Cryptocurrency is legendary for having the largest scale Initial Coin Offering (ICO) of over $4 Billion USD in 2017 during its public sale of over 1 Billion EOS Tokens.
EOS Developer Forum
Telegram is the platform for users, dev, and stakeholders to voice their opinions and proposals. You can see EOS full list of Telegram Channels.
EOS & Block.one
In 2020, The EOS Team partnered with well-known Cryptocurrency fund Block.one to draft a new model for the EOS protocol that would solve the issues of resource allocation. They named this update EOS PowerUp.
See Official EOS PowerUp Announcement
EOS PowerUp Update
The PowerUp Update for EOS proposed a new method of utilizing the network. Currently, EOS stands as a resource exchange (REX) model with Decentralized Finance (DeFi) Protocol. The PowerUp Update presented a rental based model, which means that less resources are sitting idle and more liquidity may be available.
The Update took effect in 2021, along with other key upgrades such as the EOS Enhancement Proposal Program.
EOS Antelope Update
In 2022, the EOS Network Foundation (ENF) motioned to hard fork the EOS Blockchain to a new protocol, named Antelope. In a press release regarding the new Antelope update EOS officially stated:
“We are building upon over four years of battle-hardened code, and the cumulative knowledge of four [layer 1 blockchains] leveraging each other’s strengths, all united behind the Antelope protocol.”
-EOS Network Foundation CEO,
Yves La Rose
The hard fork of the Antelope update is anticipated to roll out by late September 2022.
EOS Crypto FAQ
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