EOS (EOS)
- Official Website: eos.io
- Definition: EOS is a blockchain platform designed for decentralized apps and smart contracts, focusing on scalability and usability.
- Category: Blockchain, Layer 1 chain, Cryptocurrency.
- What It Is: A high-performance blockchain for building and deploying dApps.
- Function: Enables fast, low-cost transactions and smart contracts.
- Analogy: Think of EOS as a high-speed computer. It’s designed for running multiple apps efficiently.
- Pros: Scalable, developer-friendly, low fees.
- Cons: Centralization concerns, competition from other Layer 1 chains.
- Controversies: Criticism of governance model, declining relevance.
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This page was last updated on January 28, 2025.
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