What is EOS Coin (EOS)?

The EOS Network is a blockchain platform that is open source and prioritizes great performance, flexibility, security, and developer experience. EOS has an expandable WebAssembly engine enabling deterministic execution of near-fee-free transactions as a third-generation blockchain platform powered by the EOS virtual machine.

EOS is the most scalable, divisible, and programmable digital currency on the market. EOS is a Delegated Proof of Stake (DPoS) network in which stakeholders choose node operators. Because of the decentralized structure of EOS token distribution, power does not sit just in the hands of block miners, but rather in the hands of all parties active in the EOS Network.

Because of its technology and community, the EOS Network is appealing. It enables developers to create projects that other blockchains cannot. The network is simple, and there are numerous tools and instructional resources available to help people become acquainted with the blockchain.

Who is the founder of EOS Coin?

It was founded by Dan Larimer, who is a prominent figure in the blockchain and cryptocurrency space.

Dan Larimer is a well-known software developer and entrepreneur with a strong background in blockchain technology. Before co-founding EOS, he had previously founded two other successful blockchain projects: BitShares (2014) and Steem (2016). Both projects gained popularity for their innovative approaches to decentralized finance and social media, respectively.

EOS was introduced in 2017 as an open-source blockchain platform that aims to address some of the scalability issues faced by earlier blockchain networks like Bitcoin and Ethereum. It uses a delegated proof-of-stake (DPoS) consensus mechanism, which allows for faster transaction processing and higher throughput. EOS.IO also provides various tools and resources to simplify the development of dApps, making it an attractive option for developers seeking to build scalable and efficient decentralized applications.

What makes EOS Coin unique?

The EOS Network is a third-generation Layer 1 blockchain that is low-latency and highly performant, allowing developers to match their build with their vision by combining programmable architectures, extensible blockchain infrastructures, and unique smart contracts. EOS is distinguished by its technological stack and robust community.

Many communities on the EOS Network have vibrant ideas and leadership. To foster growth, token holders primarily collaborate with developers and other ecosystem leaders. The EOS community supports transparency, openness, honesty, accountability, liberty, respect, and other blockchain core values. EOS is the first blockchain with a foundation led by the community and user support. Token holders on EOS chose a foundation to lead network expansion. 

Explain the network security of EOS Coin.

EOS is based on delegated proof-of-share (DPOS), a type of proof-of-stake that provides token holders with governance power proportional to their stake in the system. The EOS coin represents a pro-rata claim to the EOS network's resources as well as a pro-rata claim to its governance rights. The EOS Network is a DAO-governed decentralized operating system.

EOS token holders delegate their interest in DPOS to elect representatives accountable for transaction validation. One of the benefits is that it helps to avoid consolidation, in which smaller miners are forced out by those with more computational power and resources.

What are the recent developments of EOS Coin?

EOSIO-Taurus is a next-generation version of the EOSIO blockchain platform developed by Bullish, one of the top cryptocurrency exchanges globally. The goal of EOSIO-Taurus is to provide enterprise-grade performance and meet specific requirements for large-scale applications and deployments. It has been battle-tested for over two years by Bullish, handling more than $200 billion in trading volume.

Some of the key features and enhancements in EOSIO-Taurus include:

• Support for Producer High Availability: EOSIO-Taurus ensures 24x7 availability by using the RAFT consensus protocol, allowing multiple producer nodes to reach consensus and enabling automatic failover and disaster recovery.

• Preserving the Input Order of Transactions: The amqp_trx_plugin enables transactions to be consumed from an AMQP queue in a first-in, first-out (FIFO) order, even during auto-failover, making it easier to integrate the blockchain with enterprise applications.

• High-Performance Query and Streaming: EOSIO-Taurus provides a streaming interface and a high-performance query engine to extract data from the blockchain in real-time, making it easier to act on blockchain data.

• Debugging and Single-Step Execution: The blockchain supports debugging through native x86 code files, allowing developers to single-step through smart contract execution for better efficiency in development.

• Protocol Buffers Support: EOSIO-Taurus uses Protocol Buffers for data serialization, providing ID-based field encoding, backward compatibility, and language-neutral message formats for easier integration with enterprise applications.

• Advanced Signature Providers: The blockchain supports TPM (Trusted Platform Module) signatures for higher security and standard ECDSA and RSA signature algorithms for easier integration with enterprise applications.

• Snapshot for State Persistence: The blockchain uses snapshots for stable state persistence, allowing for reliable reloads after crashes or reboots.

• Editable Snapshots for Debugging: Developers can download a state snapshot from production machines, make changes for debugging, and continue production on a local machine for easier bug discovery.

• Support for Long-Running Time Transactions: EOSIO-Taurus allows long-running time transactions for large-scale contracts, enabling complex applications to run on top of large-scale data entries.

• Asynchronous Block Signing: Asynchronous block signing enhances block production performance, allowing more secure yet slower signature providers to sign blocks without slowing down the blockchain.

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