EOS price

EOS

#78

On August 25, 2021 consensus was reached by EOS block producers to fund the EOS Network Foundation (ENF) effectively kicking out Block.one from the EOS network and community. This ended any affiliation or participation of Block.one with EOS and saw the community led by Yves La Rose, take back control of EOS and steer the protocol into building and delivery mode.

The EOS Network Foundation is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.

The EOS Network is a 3rd generation Layer 1 blockchain that is low-latency and highly performant blockchain that liberates developers to align their build with what they imagine—bringing together programmable architectures, versatile blockchain infrastructures, and custom smart contracts. What makes EOS unique is its technological stack and resilient community.

The EOS Network has many communities with vibrant ideas and leadership. Token holders primarily work with developers and other ecosystem leaders to promote growth. The EOS community values transparency, openness, honesty, accountability, liberty, respect, and different core values of a blockchain. EOS is the first blockchain with a community-led foundation and user support. On EOS, token holders elected a foundation to spearhead network growth. During this same period, a group of community members started the EOS live support for users on the network.

EOS Network has roughly 71,28% of the total token supply in circulation at the time of writing.

A new and revamped tokenomics model was recently [launched] https://eosnetwork.com/blog/a-new-era-in-eos-tokenomics-part-i/ ushering in a new era for EOS. As part of the tokenomics 15M EOS is set aside for middleware improvements with 5M recently activated to immediatley improve user experience. 350M EOS is set aside for RAM, with 35M EOS utilized for programmatic RAM buying and 315M EOS set aside for market making activity to list RAM on DEXs and CEXs.

EOS is built on delegated-proof-of-stake (DPOS), a form of proof-of-stake that gives token holders governance power relative to their stake in the system. The EOS token is a pro-rata claim on access to the EOS network’s resources, as well as a pro-rata claim on its governance rights. The EOS Network is a decentralized operating system governed by a DAO.

In DPOS, EOS token holders delegate their stake to elect representatives responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those with greater computing power and resources.