What is EOS?
EOS was introduced as an ICO on June 26, 2017 and takes over 341 days with token started releasing on 3 July 2017. EOS is a consensus blockchain operating system that provides databases, account permissions, scheduling, authentication, and internet-application communication to massively improve the efficiency of smart business development. It uses proof of stake system to create new coins. It has a block creation time of 3 seconds in average and block size of 5 MB. EOS will have up to 5% annual inflation to reward block producers and DAPPS. EOS does not have transaction fees for end-users. Using the technology of vertical and horizontal scaling, EOS is expected to scale to millions of transactions per second.