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EOSIO [5] is a cryptocurrency token and blockchain that claims to operate as a smart contract platform for the deployment of decentralized applications and decentralized autonomous corporation.
EOSIO aims to become a decentralized operating system supporting industrial-scale applications, with claims to eliminate transaction fees and also conduct millions of transactions per second. Based on a white paper published in , the EOSIO platform is currently being developed by private company block. The aim of the platform is to provide decentralized application hosting, smart contract capability and decentralized storage enterprise solutions that solve the scalability issues of blockchains like Bitcoin and Ethereum , as well as eliminating all fees for users.
EOSIO accomplishes this by being both multi-threaded able to run on multiple computer cores as well using delegated proof-of-stake for its consensus protocol. EOS tokens also allow the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner's stake. The EOSIO platform will vote for 21 block producers during its launch, who will generate and validate blocks within a ms block time.
On December 6, , Everipedia , a for-profit, wiki -based online encyclopedia , announced plans using EOS blockchain technology and work on an airdrop token called IQ to encourage generating information. From Wikipedia, the free encyclopedia. An open source smart contract platform". Beginners Guide - Blockgeeks". IO Technical White Paper". IO Development Update — Steemit". Mahbod Moghadam — Cofounder, Everipedia". Proof-of-authority Proof-of-space Proof-of-stake proof-of-work.
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