EOS was born in mid-2017 to offer services such as databases, authentication and to simplify the development of applications. The project is therefore not about a simple digital currency for the transfer of value.
Initially the EOS blockchain was an ERC20 token and therefore relied on the Ethereum blockchain. Once the chain was launched, the tokens were converted by users through a specific procedure.
EOS wants to bring selected existing features regarding the development of smart contracts to a single platform. It offers a blockchain-architecture that allows the development of decentralized DApps. EOS blockchain surpassed one million accounts in April.
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