What is EOS?
The EOS Public Network is a blockchain that operates on Delegated Proof of Stake, built on the open-source software framework of EOSIO. EOS empowers people and organizations to create and access a wide range of decentralized applications and ecosystems. Although we participate in the governance of the EOS Public Network, it is not controlled by any single entity, but guided by a cooperative community of digital asset holders.
What is EOSIO?
EOSIO is a leading open-source platform for blockchain innovation and performance. Businesses and developers around the world use EOSIO to create secure, transparent, and deterministic digital infrastructures.
It supports public networks such as EOS, Telos, and WAX, and private networks alike. EOSIO is fast, flexible, and forward-driven, enabling developers, entrepreneurs, co-creators, and institutions to build and innovate with confidence.
The EOS Public Blockchain
We are committed to engaging with public blockchain communities that use EOSIO software. We believe an open and decentralized public network fosters innovation and growth for all.
The EOS PowerUp Model
Block.one and the global blockchain community deployed a new resource allocation model on the EOS Public Blockchain.
In September 2020, we launched a collaborative program to test a novel EOSIO resource model. The model aimed to enhance resource management on EOSIO public chains, namely the EOS Public Blockchain.
Since then, we’ve received overwhelmingly positive feedback about the model, called the EOS PowerUp Model.
With the model, a user pays a fee and powers up their account for 24 hours to transact on the network. EOS token holders can deposit unused EOS tokens to receive a percentage of the power up fees generated by the entire network.
A Growing Community
EOSIO is backed by a strong community committed to building and innovating on the platform. Together, we’re building a better world on blockchain.
What projects are being built on EOSIO?
The EOSIO community is composed of blockchain enthusiasts—including individuals and institutions—that build, collaborate, and innovate to bring new applications and business models to the market.
Currently, EOSIO powers the two fastest public blockchains, EOS and Telos, as well as over 400 applications such as Upland, DefiBox, and many more. Discover how others are building and managing blockchain applications and digital assets infrastructures on EOSIO.
Explore the possibilities of blockchain platforms with the #BuiltOnEOSIO series, which showcases the latest projects leveraging EOSIO technology.
How does EOSIO manage fees?
With blockchain platforms that use a proof-of-work consensus mechanism, there are fees associated with the processing of each transaction. EOSIO eliminates such fees by having the network shoulder the burden of these costs, rather than making the individual users of the network pay to access its combined resources. Staking tokens covers any incidental costs by giving those who stake access to a proportional share of system resources. This makes EOSIO one of the most cost effective blockchain networks.
What is EOS Public Network and who governs it?
The EOS Public Blockchain was created by thousands of developers around the globe who harnessed the power of EOSIO to write the future. Today, it is among the most active public blockchains in the world. The EOS Public Network is governed by the token holders who vote and select block producers, as well as the block producers themselves who participate in validating transactions and securing the chain.