What is EOS?
EOS the native utility token for EOS.IO smart contract platform for the deployment of decentralized applications with the goal of providing a decentralized operating system capable of running industrial-scale applications with efficient vertical and horizontal scaling. EOS token gives holders access to bandwidth and storage on the blockchain. EOS.IO provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across computational networks. EOS.IO blockchain architecture has the potential to scale to millions of transactions per second, eliminates user fees and allowing for quick and easy deployment of decentralized applications. EOS.IO software was originally developed by Block.one, a company focuses on business-grade technology solutions, with employees and advisors across the globe.