{"id":2120,"date":"2019-06-20T20:19:32","date_gmt":"2019-06-20T12:19:32","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=2120"},"modified":"2019-06-20T20:20:52","modified_gmt":"2019-06-20T12:20:52","slug":"what-is-eos%ef%bc%9f","status":"publish","type":"post","link":"\/blog\/what-is-eos%ef%bc%9f\/","title":{"rendered":"What is EOS\uff1f"},"content":{"rendered":"

Blockchain is one of the fourth industrial revolutions and is a type of decentralized, distributed ledger that records digital transactions done with cryptocurrencies. These transactions are recorded in \u201cblocks\u201d which are secured and linked together using cryptography.<\/span><\/p>\n

<\/p>\n

What is a distributed Ledger?<\/b><\/p>\n

A distributed ledger is a consensus of synchronized, shared, and replicated digital data spread across multiple sites, computers, countries, and\/or institutions. These recorded \u201cblocks\u2019 are stored in a linear chain. As earlier stated in the definition, each block contains data (Eg EOS or Bitcoin transactions) which is cryptographically hashed and time stamped on the blockchain. <\/span><\/p>\n

When a new block is added to the Blockchain, this block is linked to the previous block using the cryptographic hash. This is to ensure that the overall data is not tampered with or altered.<\/span><\/p>\n

Blockchain technology is a transparent, publicly accessible ledger that authorizes us to securely transfer ownership of funds using public key encryption and proof of work mechanism.<\/span><\/p>\n

This technology is not centrally controlled by any board, bank institution or government because it uses a decentralized consensus algorithm to maintain the network. \u00a0And the larger the network, the more decentralized and more secure it becomes.<\/span><\/p>\n

According to <\/span>research<\/span><\/a>, blockchains in the past could not take all these records on the blockchain and that led to the \u201coverloading\u201d of several blockchains, but then came EOS.<\/span><\/p>\n

What is EOS?<\/b><\/p>\n

EOS.IO is a blockchain software protocol that powers the cryptocurrency called \u201c<\/span>EOS<\/span><\/a>\u201d. This Blockchain was developed by a private company called <\/span>Block.one<\/span><\/a> whose CTO (Daniel Larimer ) is one of the greatest contributors to the blockchain space as <\/span>stated<\/span><\/a> by Joseph Samuel. EOSIO was released as an open source software in June 2018 and was left to the eos community to vote and activate the #blockchain.<\/span><\/p>\n

EOS is a platform that provides decentralized application hosting, smart contract capability and decentralized storage of enterprise solutions. EOS blockchain solves scalability issues and has managed to eliminate blockchain clogging, eliminated the payment of fees for users etc. EOSIO run on multiple computer cores and as well as delegated proof-of-stake for its consensus protocol. It has provided several <\/span>decentralized applications and social network with monetary incentives<\/span><\/a> and its recent product which was launched on the 1st of June, 2019 is called <\/span>Voice<\/span><\/a>.<\/span><\/p>\n

EOS which is the native token is a utility token that provides bandwidth and storage to the Blockchain. EOS token holders are allowed to cast <\/span>votes<\/span><\/a> and participate in the on-chain governance of the Blockchain. The primary resources used to run dapps built on the platform are Ram, Net and Cpu. Ram can be purchased with EOS and you can delegate NET or CPU to someone else or get delegation from someone.<\/span><\/p>\n

As earlier stated, it\u2019s ranked amongst the top 10 cryptocurrencies on coinmarketcap that is doing well in the market and ranked number one on <\/span>blockivity.info<\/span><\/a> for its activities on the Blockchain.<\/span><\/p>\n

EOS is currently trading on over <\/span>10 trading\/exchange platforms<\/span><\/a> and we just recently got it listed also on our platform because of its massive adoption around the world. <\/span><\/p>\n

Download the CoinCola APP (<\/span>Android<\/span><\/a>, <\/span>IOS<\/span><\/a>) to buy and sell EOS on the go.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain is one of the fourth industrial revolutions …<\/p>\n","protected":false},"author":12,"featured_media":2123,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false},"categories":[87],"tags":[],"yoast_head":"\nWhat is EOS\uff1f - CoinCola Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.coincola.com\/blog\/what-is-eos\uff1f\/\" \/>\n<meta property=\"og:locale\" content=\"zh_CN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is EOS\uff1f - CoinCola Blog\" \/>\n<meta property=\"og:description\" content=\"Blockchain is one of the fourth industrial revolutions ...\" \/>\n<meta property=\"og:url\" content=\"\/blog\/what-is-eos\uff1f\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinCola Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CoinColaGlobal\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-20T12:19:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-20T12:20:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.coincola.com\/blog\/wp-content\/uploads\/2019\/06\/u40359277001979424590fm26gp0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"507\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"January\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CoinCola_Global\" \/>\n<meta name=\"twitter:site\" content=\"@CoinCola_Global\" \/>\n<meta name=\"twitter:label1\" content=\"\u4f5c\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"January\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u9884\u8ba1\u9605\u8bfb\u65f6\u95f4\" \/>\n\t<meta name=\"twitter:data2\" content=\"3\u5206\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"\/blog\/what-is-eos%ef%bc%9f\/\",\"url\":\"https:\/\/www.coincola.com\/blog\/what-is-eos%ef%bc%9f\/\",\"name\":\"What is EOS\uff1f - CoinCola Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.coincola.com\/blog\/#website\"},\"datePublished\":\"2019-06-20T12:19:32+00:00\",\"dateModified\":\"2019-06-20T12:20:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.coincola.com\/blog\/#\/schema\/person\/6dcc2d959cf696f451f1ca8dfa54494b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.coincola.com\/blog\/what-is-eos%ef%bc%9f\/#breadcrumb\"},\"inLanguage\":\"zh-CN\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.coincola.com\/blog\/what-is-eos%ef%bc%9f\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.coincola.com\/blog\/what-is-eos%ef%bc%9f\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.coincola.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is EOS\uff1f\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.coincola.com\/blog\/#website\",\"url\":\"https:\/\/www.coincola.com\/blog\/\",\"name\":\"CoinCola Blog\",\"description\":\"Buy and Sell Bitcoin\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.coincola.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"zh-CN\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.coincola.com\/blog\/#\/schema\/person\/6dcc2d959cf696f451f1ca8dfa54494b\",\"name\":\"January\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"zh-CN\",\"@id\":\"https:\/\/www.coincola.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/37f0f8d44bd541ca0a57797bea700179?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/37f0f8d44bd541ca0a57797bea700179?s=96&d=mm&r=g\",\"caption\":\"January\"},\"description\":\"Yo, I'm all about that sweet spot where finance and tech collide. 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