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.

This page was last updated on January 28, 2025.