EOS, launched in June 2018, is a blockchain platform designed to support decentralized applications (dApps) at scale. Its architecture aims to address the scalability and usability issues faced by earlier blockchain networks like Ethereum. EOS employs a consensus mechanism called Delegated Proof-of-Stake (DPoS), where token holders vote for block producers to validate transactions, enabling faster transaction processing compared to traditional Proof-of-Work (PoW) systems. The platform boasts high throughput, low latency, and fee-less transactions for end-users, making it attractive for developers seeking to build scalable dApps. Additionally, EOS provides tools and resources, such as smart contract support and developer libraries, to facilitate the creation and deployment of decentralized applications. Despite facing criticism regarding centralization concerns due to its DPoS consensus model, EOS remains a prominent player in the blockchain ecosystem, hosting various dApps across industries such as finance, gaming, and social media.
