EOS blockchain developed by block.one, a Cayman Islands exempted company. EOS blockchain is the EOS.IO (EOSIO) software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This of EOSIO as an operating system with pre-build services that can be used by blockchain developers to build their applications on top of EOS blockchain. Some of the services the EOS operating system provides include accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.
EOSIO currently supports the following operating systems:
- Amazon 2017.09 and higher
- Centos 7
- Fedora 25 and higher (Fedora 27 recommended)
- Mint 18
- Ubuntu 16.04 (Ubuntu 16.10 recommended)
- Ubuntu 18.04
- MacOS Darwin 10.12 and higher (MacOS 10.13.x recommended)
EOSIO project is an open source under MIT license and available to download from Github. From the definition:
EOSIO software enables businesses to rapidly build and deploy high-performance and high-security blockchain-based applications.
Some of the groundbreaking features of EOSIO include:
- Free Rate Limited Transactions
- Low Latency Block confirmation (0.5 seconds)
- Low-overhead Byzantine Fault Tolerant Finality
- Designed for optional high-overhead, low-latency BFT finality
- Smart contract platform powered by Web Assembly
- Designed for Sparse Header Light Client Validation
- Scheduled Recurring Transactions
- Time Delay Security
- Hierarchical Role Based Permissions
- Support for Biometric Hardware Secured Keys (e.g. Apple Secure Enclave)
- Designed for Parallel Execution of Context Free Validation Logic
- Designed for Inter Blockchain Communication
EOSIO has a cryptocurrency token with symbol EOS, that is one of the top 10 cryptocurrencies in the world. Currently, EOS is ranked no. 5 in the world and 4. EOS tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “EOS Tokens”).
