Indodax Academy Glossary! Hello all! In this video we will discuss what EOS is. EOS is a Coin that operates as a Smart Contract Platform for the dissemination of Decentralized Applications through an autonomous corporate model. The smart contract from the EOS Platform makes it possible to eliminate transaction costs and also process millions of transactions every second.
The first EOS launch was on January 31, 2018 with the Proof-of-Stake scheme developed by Block.One. EOS is designed to support all decentralization needs by providing all core functions, such as databases, accounts, signatures or permits, schedules, authentication, and handling communication between applications that are connected on the internet network.
Thus, EOS will make it easier for business people to stay focused on business development rather than their payment systems. When this video was made, there are already around 940 million EOS that have been circulating in the world, and will be launched reaching 1 billion EOS. Unlike bitcoin, EOS cannot be obtained through mining, but Indodax is here to be a place for traders who want to have EOS quickly and easily! Want to have EOS? Come buy now at indodax.com! And don’t forget to subscribe to our YouTube channel!