EOSIO -- sometimes referred to as Eos.io or simply “Eos”-- is a blockchain that enables the development and operation of decentralized applications (dApps). Like other “Ethereum killers” in the space, EOSIO came to fruition after the inefficiencies of the Ethereum blockchain began to annoy some users. For that reason, EOSIO made strict choices to make its blockchain faster than Ethereum and even eliminating 100% of fees for all users making transactions.
EOSIO first made international headlines when it held the largest-ever initial coin offering (ICO). Throughout a one-year sale, EOSIO raised over $4 billion, selling 1 billion EOS tokens in the process. While EOS has yet to replace ETH as the number two cryptocurrency in the world, it still enjoys a loyal following and inspired technological development.
EOSIO was first founded in 2017 by Brenden Blumer and Dan Larimer as part of the private company Block.One that developed the EOSIO protocol. Blockchain enthusiasts may know Larimer’s name for designing the first-ever decentralized exchange BitShares and the first cryptocurrency social media network, Steemit.
EOSIO developers can build Dapps using C++, Java, and Python languages, which some believe is much easier than a project-specific language like Cardano uses for example. This leads to faster and more efficient dapps development. All updates on the EOSIO software are decided by votes. To qualify as a vote, one must own EOS. The utility token also helps to pay for the costs of operating the blockchain, for bandwidth, computation, and state storage. Developers cannot run dapps without first buying EOS, thus adding a great utility to the token.
YouHodler aggregates prices from top centralized exchanges to provide an accurate EOS price and charts.
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The best way to earn interest on EOS is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest.
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