#EOSProject

#EOSProject
Powering seamless experiences and real-time connections, EOS is the base for creators who move with purpose, leveraging resilience, speed, and scale to shape theTable of Contents

EOS is a blockchain-based, decentralized platform that can be used to develop, host, and run applications for Web3. The EOS native token, EOS, can be used for value exchange, to purchase network bandwidth and storage capacity, and as a speculative investment.

EOS was designed by Dan Larimer and Brendan Blumer of Block.one, which released its whitepaper in 2017. In June 2018, after an initial coin offering that raised $4.1 billion in crypto, the EOSIO open-source software was released on June 1, 2018, on the EOSIO mainnet, and 1 billion EOS tokens were distributed.

In August 2021, Yves La Rose founded the EOS Network Foundation, a community of fans and EOS supporters who had a vision of making EOS more attractive to users and developers and investing in EOS-based projects.

The EOS blockchain is fully compatible with the Ethereum Virtual Machine, which allows developers to use smart contracts to create applications that support a variety of functions. Users can also create fungible and non-fungible tokens. The blockchain uses a delegated proof-of-stake consensus mechanism where users can delegate their EOS to validators.