EOS is a blockchain-based platform for hosting decentralized applications on a commercial scale. Its network is decentralized and claims to have the most powerful infrastructure for dApps. Despite what you might have thought, EOS doesn’t actually stand for anything. The platform itself is intended for developing and hosting regular web apps, and it also provides all the tools necessary for full-stack development.
The whitepaper for EOS was published in 2017 by the “block.one” company. They managed to raise over four billion USD during the ICO, but they didn’t register it and had to pay $24 million in penalties.
EOS may not be the only blockchain platform in the world for decentralized applications, but it managed to address some crucial problems other platforms faces. EOS addresses scalability, flexibility, and provides the perfect choice for commercial apps.