How to Buy EOS
What is EOS
The EOSIO platform was developed from a whitepaper written in 2017 by the company block.one. Its official release in 2018 came after funding from an ICO selling one billion of the project’s token, EOS. The network uses a delegated Proof of Stake consensus mechanism and focuses on scalability, flexibility, and mainstream adoption in enterprise use.
EOS has a sophisticated governance structure that lets token holders and other stakeholders participate in network decision-making. This includes a constitution and arbitration forum, voting mechanism, and proposal system to give the community a voice. While EOS has no transaction fees, users must stake their EOS tokens to cover the computational costs of their activity. Block producers receive rewards for their work from a 1% annual EOS inflation rate as the token has no cap.