EOS is a high-performance Layer 1 blockchain that leverages smart contracts to build, deploy and run dApps for real-world use cases, including those in finance, gaming, sports and art—at the retail and institutional level.
EOS is the native token of the project. The current use cases for EOS include:
Purchasing or renting access to network bandwidth and storage capacity on EOS
Participating in DPoS network consensus
Participating in on-chain community governance
Transferring and accounting for value on native applications
The project consists of the following major components working in conjunction:
The EOS VM: a low-latency and performant WebAssembly engine that enables the EOS Network to execute smart contract code deterministically while keeping transaction costs low.
A native permission system: this allows users to easily secure their EOS accounts with multiple keys that can further be configured to have limited access to different smart contract actions.
A flexible architecture: this keeps much of the blockchain functionality at the smart contract layer, enabling the EOS Network to remain agile and allowing token holder selected representatives to reach a consensus on adopting new enhancements to the platform.
As at December 20th 2022, the total token supply of EOS is 1,142,205,415. The current circulating supply is 1,077,533,066 (~94.33% of total supply).