EOSEOS#42

Launched in 2018, EOS (EOS) is the currency which powers EOSIO blockchain, a decentralised system which supports DApps – often funded with EOS as a ‘stake’ in a virtuous circle for its community. This Proof-of-stake system means EOS can’t be mined like Proof-of-work currencies; rather, producers create blocks in exchange for EOS tokens. A 5% maximum annual increase in token supply limits these producers from rewarding themselves disproportionately, and a self-monitoring community means that users can ‘vote out’ individuals they perceive as exploiting the system. EOS’s smart contract technology operates without transaction fees, processing thousands every second and scaling its DApps both horizontally and vertically. Think of the EOS protocol like a crypto version of Google Play, powered by its own currency and maintained by the community it serves.