What Is EOS?

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. Due to the decentralized nature of the token distribution on EOS, 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?

The EOSIO software, which the EOS Network was built upon, was developed by the company Block.one and architected by Daniel Larimer. In June 2018, the EOS blockchain was launched by a decentralized group of block producers (BPs) who bootstrapped the network based on a token distribution snapshot from Block.one's ICO. On August 25, 2021 consensus was reached by EOS block producers to fund the EOS Network Foundation (ENF), which was launched by Yves La Rose. 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.

How Many EOS Coins Are There in Circulation?

EOS Network has 995,528,087 EOS in circulation at the time of writing. When the network launched, its software developer (Block.one) was allocated 100m EOS tokens locked in a 10 year vesting schedule. In December 2021, the EOS Network reached consensus to stop vesting those tokens when it essentially fired Block.one for failing to continue software development or support for the EOS ecosystem. The 68 million unvested tokens remain in the eosio.stake account and are locked out of circulation. The Network continues operating using a 3% annualized inflation with 1% being directed to block producers and 2% funds the treasury for the EOS Network Foundation.

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 countless other 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.

What tools does Nimbus offer for effortlessly monitoring EOS?

Nimbus provides a user-friendly tracking solution equipped with intuitive tools to monitor EOS effortlessly. These tools are specifically designed for user convenience, allowing individuals to stay seamlessly updated on the latest trends, prices, and information related to EOS. Users can also explore the world of cryptocurrency effortlessly while simultaneously tracking EOS prices. The platform also offers insights into profit and loss, providing a comprehensive experience without the complexity typically associated with monitoring cryptocurrencies.

How does Nimbus enable tracking EOS prices with profit and loss?

Nimbus facilitates the tracking of EOS prices with profit and loss through seamless integration with your crypto wallet for portfolio monitoring. By connecting with your crypto wallet, Nimbus provides a clear and comprehensive overview of various metrics, including profits, losses, revenue, expenses, return on investment (ROI), and other essential financial indicators. This integration ensures that users can analyze their cryptocurrency portfolio with precision, gaining valuable insights into their financial performance. With Nimbus, users can navigate the cryptocurrency landscape with a perfect blend of simplicity and sophistication, enhancing their ability to make informed investment decisions.

How does Nimbus analyze EOS, and what insights does it provide?

Certainly! Nimbus possesses a robust analysis tool that is adept at evaluating and interpreting EOS . The tool employs diverse strategies, including delving into metadata details, tracking marketplace data, and calculating performance metrics such as Return on Investment (ROI). Through these methodologies, Nimbus provides users with valuable insights into the composition and performance of their EOS. Users can gain a comprehensive understanding of their investment. The analysis tool ensures that users are equipped with the necessary information to navigate the cryptocurrency landscape with confidence and intelligence.

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EOS Market Statistics

  • Price USD

    $0.869194
  • Market Cap

    $979,224,190.17
  • Total Volume USD

    $178,446,967.98
  • Total Supply

    1,126,588,610.28 EOS
  • Circulating Supply

    1,126,588,610.28 EOS
  • Fully Diluted Market Cap

    $979,224,190.17
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