logo
 mobile menu
 mobile menu
Crypto pricesDownload the appLogin

 mobile menu mobile menu
article background

Introduction

EOS is a blockchain platform designed for the development of large-scale decentralized applications (dApps).
Launched in 2018 by Block.one, it stands out for its ability to offer fast transactions, at no cost to users, and a highly scalable architecture.
Thanks to its DPoS(Delegated Proof of Stake) consensus model, EOS enables efficient decentralized governance, where token holders actively participate in network decisions.
This crypto-currency is an ideal solution for developers looking to create high-performance, scalable dApps.

The history of the Eos team

EOS was launched in 2018 by Block.one, a company co-founded by Brendan Blumer and Daniel Larimer.
Daniel Larimer, also known for creating Steemit and BitShares, is the lead architect of EOS technology.
The project attracted attention for achieving a record ICO, raising over $4 billion in one year.
EOS was designed to overcome the limitations of early blockchains like Bitcoin and Ethereum, focusing on scalability, flexibility and decentralized governance.
The team behind EOS continues to play a key role in the evolution of the platform, aiming to transform the development of decentralized applications through high-performance, innovative technology.

How does Eos work?

EOS operates using a consensus mechanism called Delegated Proof of Stake (DPoS).
In this system, EOS token holders elect a number of “block producers” responsible for validating transactions and maintaining network security.
This enables EOS to process thousands of transactions per second, while being more energy-efficient than systems based on Proof of Work (PoW).
EOS stands out for its flexibility, enabling developers to create dApps without having to worry about transaction costs, as these are taken care of by the network via a resource model based on RAM, CPU and NET usage.
Developers can also upgrade their applications without forking the blockchain, thanks to EOS’s modular structure.
EOS offers a high-performance, scalable infrastructure for the development and execution of complex dApps, while simplifying resource and cost management for users and developers.

What are Eos tokens used for?

EOS tokens are essential to the operation of the EOS ecosystem.
They enable users to access the resources needed to run decentralized applications (dApps) on the network, such as CPU, RAM and NET.
EOS token holders also participate in the governance of the network by voting to elect block producers, thus influencing decisions on the evolution of the blockchain.
In addition, EOS tokens can be staked (see staking) to earn rewards, contributing to the security and development of the network.

Tokenomics

  • Supply Total: The total quantity of EOS tokens is 1 billion, but there is no maximum limit, as EOS operates on an inflation model.
  • Initial Distribution: At theInitial Coin Offering (ICO) in 2017, distribution was over a one-year period, with 90% of tokens sold to investors and 10% reserved for Block.one, the company behind the development of EOS.
  • Inflation: EOS has an annual inflation rate of around 1%, which is used to reward block producers and fund projects within the ecosystem.
  • Token usage: EOS tokens are used to obtain resources on the network (CPU, NET, RAM) and to participate in governance by voting for block producers.
  • Staking: Holders can stake their EOS to obtain resources or voting rights, enabling them to play an active role in the network’s operation and governance.

What are Eos’s projects?

  • EOS EVM: EOS has introduced an Ethereum Virtual Machine (EVM) environment on its blockchain, enabling Ethereum developers to easily deploy their dApps on EOS, benefiting from EOS’s high performance and low transaction costs.
  • Financing DeFi projects: EOS has launched several initiatives to finance decentralized finance (DeFi) projects on its network, such as lending platforms, decentralized exchange (DEX), and yield farming protocols, in order to stimulate innovation and the use of its blockchain.
  • EOS governance update: A governance reform is underway to make the network more decentralized and inclusive, by introducing new voting mechanisms for EOS token holders and improving the transparency of decisions taken by the community.
  • Partnerships with technology companies: EOS is collaborating with several technology companies to develop blockchain solutions tailored to specific sectors, such as video games and digital media, leveraging EOS’s ability to handle large numbers of transactions quickly.
  • EOS PowerUp Model: This business model, introduced in 2024, allows users to “top up” their account with resources to carry out free transactions for 24 hours, improving the accessibility and efficiency of transactions on the EOS network.

How to buy Eos?

  • Create an account: Register with Coinhouse by creating an account with your e-mail address and setting a secure password.
  • Verify your identity: Follow the instructions to verify your identity by providing the necessary documents, such as ID and proof of address.
  • Deposit funds: Top up your euro account by bank transfer or credit/debit card.
  • Buy EOS: Once your account is funded, go to the EOS page, select the amount you wish to buy, and confirm your transaction.
    You can also exchange USDC tokens for EOS.
  • Store your EOS: Your purchased EOS will be securely stored in your Coinhouse account or transferred to an external crypto wallet if you wish.

Coinhouse's opinion

EOS is a promising cryptocurrency designed to facilitate the development of decentralized applications (dApps) thanks to a scalable and fast blockchain infrastructure.
Its ability to process a large number of transactions per second at no cost to users makes it an attractive option for developers and businesses looking to exploit blockchain technology.
However, as with any crypto-currency, EOS carries risks associated with market volatility and evolving technological adoption.  

Share the article

Open an account

arrow icon
newsletter background image

Sign up for our newsletter

warning-sign

Investing in crypto-assets carries risks of liquidity, volatility, and partial or total capital loss. Crypto-assets held are not covered by deposit and securities guarantee mechanisms.

background
TwitterInstagramYoutubeFacebookLinkedInTiktok

2024 - all right reserved - coinhouse

designed by Alasta

Coinhouse

Coinhouse SAS with a capital of €210,000, RCS Paris 815 254 545, headquarters: 14 Avenue de l'Opéra 75001 Paris – support@coinhouse.com. Registered with the AMF for activities related to the purchase/sale of digital assets against legal tender, the exchange of digital assets for other digital assets, and the custody of digital assets for third parties under the registration number: E2020-001.

Coinhouse payment solutions

Company registered with the Paris RCS under the number 914 384 557, registered with the Prudential Control and Resolution Authority as a payment service agent under the number 727503 of the electronic money institution Treezor, headquartered at 33 Avenue de Wagram, 75017 Paris.

mask-footer