EOS software was created in 2017 by Dan Larrimer (founder of Steem and Bitshares) for scaling decentralized applications. This crypto investment has a variety of uses scheduled across hundreds of computing clusters. EOS utilizes parallel processing to speed up transactions and Proof of Stake for its public blockchain info. EOS runs on Ethereum smart contracts for its tokens verification. Its network is spread across servers which produce the next blocks. Block rewards incentivize the servers to host the EOS applications. Unlike Ethereum, EOS doesn’t charge users for each transaction which should make the technology more popular. Do you feel like you need blockchain for dummies? For concise blockchain info check out CryptoScores “Crypto Academy”.
CryptoScores.org is not a financial advisor nor does any of its governing members or affiliates hold such certifications. None of the content on this website nor any mode of communication such as Twitter, Reddit, or any other medium of communication, including private correspondence, constitutes financial advice. All content produced by Cryptoscores.org including Coin Scores, Investment Portfolios, Analysis Reports, and all other content is only the subjective opinion of Cryptoscores.org and is for general information only. Cryptocurrencies are speculative by nature and hold a risk of loss. All cryptocurrency users, traders, and investors are responsible for their own due diligence and research. Cryptoscores.org holds no responsibility for losses incurred or for performances in general. Trade at your Own Risk.