When the first initial coin offering (ICO) for EOS or EOSIO was launched in July 2017, it shocked the blockchain industry. Within two years of its introduction, EOS had established itself as one of the top five crypto-currencies. It put new entrants and market leaders (such as Ethereum) up against each other (like Tron and NEO).

1. What is EOS: A brief introduction
The EOS or EOSIO initial coin offering (ICO) rocked the blockchain world in July 2017. Within two years of
its launch, EOS was one of the top five crypto-currencies. It pitted newcomers against market
heavyweights (like Ethereum) (like Tron and NEO).
What is EOS?
EOS/EOS.IO is a decentralised industrial blockchain platform. Cryptocurrency expert love it because
it has a solid foundation.
To overcome the constraints of existing blockchain platforms like Ethereum, EOS aims to offer a user-
and business-friendly framework for building decentralised applications (dApps).
Scalability is one of the major obstacles to broad adoption of blockchain technology.
For example, the current transaction rate for Ethereum is very low. Users must also pay Gas costs to use
any of the platform's dApps. Users will not utilise a system that asks them to pay a charge at each step.
EOS scales apps vertically and horizontally to make them free (done by block producers). IT
infrastructure that can handle thousands of transactions per second is also provided. Es ist eine
komplette und sichere Blockchain-Plattform für Web-Services wie:
Socket-based dApps
Validation of users

2. The key selling points of EOS, according to its inventors and marketers, are:
Transaction costs are gone.
Thousands of transactions every second.
What distinguishes EOS from other operating systems?
So, what are the EOS benefits? The EOS blockchain technology has the following technological features.
Scalability
Because blockchain transactions need consensus across all network nodes, scalability (or the number of
transactions per second) is a significant issue for most blockchain systems. The user experience is
affected.
Flexibility
In 2016, an Ethereum code flaw was exposed. As a consequence, almost a third of the Decentralized
Autonomous Organization's finances were syphoned off (a venture capital fund initiated by Ethereum).
The system as a whole froze. With the prior validation criteria, Ethereum had to be hard split into two
distinct blockchains, each with its own currency.
Ethereum is a blockchain with updated validation criteria.
EOS, with its DPOS technology, claims to be immune to such vulnerabilities. To prevent dApp failure or
attack, chosen block makers may pause it until the system recovers.
Permission Schema
For a range of business situations, EOS's permission system is flexible.
Custom permissions may be used to safeguard particular features of EOS smart contracts. An EOS smart
contract may also be triggered by several accounts with varying authority weights. This feature enables
developers to build robust dApps without reinventing the wheel.
Wrapping up
EOS, often known as EOSIO, is the world's most widely used blockchain platform. All blockchain-based
decentralised apps offer real-world services. For example, EOS is a pioneer in the creation of gaming and
gambling software, as well as other applications such as ride-hailing and music sharing.
EOS dApps have rapidly replacing traditional blockchain applications since they are safer, quicker, and
cheaper. Based on current developments, EOS has emerged as a genuine blockchain champion that can
meet a broad variety of business needs in the future. Enroll in a smart contract developer course to
get started. Why is it that smart contract developers are in great demand now? After all, it's spread like
wildfire.