EOS is a public blockchain network developed by EOSIO and leverages a delegated proof of stake (DPoS) consensus mechanism for securing its platform. The EOS network is one of many networks created on the open-source software framework of the EOSIO blockchain platform.
EOS is the native asset of the EOS Public Network, used to conduct transactions within the blockchain. It also serves as the governance token of the ecosystem, giving token holders the power to vote for block producers who validate transactions on the network.
EOS offers a public, transparent, and decentralized platform to run dApps. Backed by Block.one, its flexibility and scalability make it an ideal ecosystem to develop decentralized applications with real-world commercial and enterprise applications.
As of July 2022, the EOS ecosystem is home to nearly 600 dApps across DeFi, NFT, GameFi, social, and more categories. Data on Defiprime reveals that the DeFi ecosystem on the EOS protocol has 13 decentralized finance applications operational.
