Why?

EOS (Eosio) is a decentralized blockchain platform. It supports smart contracts and decentralized applications (dApps). EOS is known for its high transaction speed and scalability.

What is it for?

EOS allows users to interact and exchange value with each other without central intermediaries. This can be used in a variety of applications such as games, finance and social media.

Created by Who?

EOS was developed by Dan Larimer. Larimer was previously the founder of BitShares and Steem platforms.

How Does It Work?

EOS uses a consensus mechanism called Delegated Proof of Stake (DPoS). In DPoS, a group of witnesses elected by all network participants verify transactions. This allows for faster transaction times and higher scalability.

Why Is It Important?

EOS offers a new platform for decentralized applications. This has the potential for a more equitable and democratic internet.