EOS Price (EOS)

What Is EOS Network?

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. EOS is fully decentralized power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Who Are the Founders of EOS Network Foundation?

On August 25, 2021 consensus was reached by EOS block producers to fund the EOS Network Foundation (ENF) effectively kicking out Block.one from the EOS network and community. This ended any affiliation or participation of Block.one with EOS and saw the community led by Yves La Rose, take back control of EOS and steer the protocol into building and delivery mode.

The EOS Network Foundation is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.

What Makes EOS Unique?

The EOS Network is a 3rd generation Layer 1 blockchain that is low-latency and highly performant blockchain that liberates developers to align their build with what they imagine—bringing together programmable architectures, versatile blockchain infrastructures, and custom smart contracts. What makes EOS unique is its technological stack and resilient community.

The EOS Network has many communities with vibrant ideas and leadership. Token holders primarily work with developers and other ecosystem leaders to promote growth. The EOS community values transparency, openness, honesty, accountability, liberty, respect, and different core values of a blockchain. EOS is the first blockchain with a community-led foundation and user support. On EOS, token holders elected a foundation to spearhead network growth. During this same period, a group of community members started the EOS live support for users on the network.

What is RAM?

EOS RAM is an essential memory resource on the EOS blockchain, vital for storing data. As a finite Real World Asset (RWA) and the original decentralized physical infrastructure network (DePIN) (launched in 2018), similar to digital real estate, it is ownable, scarce, and forms the backbone of a decentralized state machine—making it a critical and strategic investment in digital infrastructure. EOS is necessary to purchase [RAM] https://eosnetwork.com/blog/eos-ram-evolution/.

How Many EOS Coins Are There in Circulation?

EOS Network has roughly 71,28% of the total token supply in circulation at the time of writing.

A new and revamped tokenomics model was recently [launched] https://eosnetwork.com/blog/a-new-era-in-eos-tokenomics-part-i/ ushering in a new era for EOS. As part of the tokenomics 15M EOS is set aside for middleware improvements with 5M recently activated to immediatley improve user experience. 350M EOS is set aside for RAM, with 35M EOS utilized for programmatic RAM buying and 315M EOS set aside for market making activity to list RAM on DEXs and CEXs.

How Is the EOS Network Secured?

EOS is built on delegated-proof-of-stake (DPOS), a form of proof-of-stake that gives token holders governance power relative to their stake in the system. The EOS token is a pro-rata claim on access to the EOS network’s resources, as well as a pro-rata claim on its governance rights. The EOS Network is a decentralized operating system governed by a DAO.

In DPOS, EOS token holders delegate their stake to elect representatives responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those with greater computing power and resources.

Where Can You Buy EOS?

It is possible to buy EOS through Binance, Coinbase, Kraken, Bithumb, Upbit, and over 100 exchanges. Given how widely used it is in the crypto industry, you’ll be hard pressed to find a trading platform that doesn’t support it.