EOS.IO
{{short description|Blockchain protocol}}
{{pp-30-500|small=yes}}
{{Update|date=April 2021}}
{{Infobox cryptocurrency
| currency_name = EOS
| image_1 =
| image_2 =
| image_title_1 =
| image_width_1 = 100
| image_title_2 =
| image_width_2 =
| subunit_ratio_3 =
| subunit_name_3 =
| subunit_ratio_5 =
| subunit_name_5 =
| symbol =
| ticker_symbol = EOS
| coin_definition =
| implementations =
| initial_release_version = Dawn 3.0.1-alpha{{cite web|url=https://github.com/EOSIO/eos/releases|title=eos: An open source smart contract platform|date=2 Oct 2018|website=GitHub|access-date=2 Oct 2018}}
| initial_release_date = {{Start date and age|2018|01|31}}
| code_repository = {{GitHub|EOSIO|eos.io}}
| status = Currently under development
| latest_release_version = EOSIO 2.1.0{{cite web|url=https://github.com/EOSIO/eos/releases/tag/v2.1.0|title=EOSIO v2.1.0 Release Notes|date=20 May 2021|website=GitHub|access-date=11 September 2021}}
| latest_release_date = {{Start date and age|2021|5|20}}
| forked_from =
| programming_languages = C++
| operating_system = multi platform
| author = Daniel Larimer, Brendan Blumer
| developer = Block.one
| source_model =
| license = MIT License (open source){{cite web |url=https://github.com/EOSIO/eos/blob/master/LICENSE.txt |title=EOSIO/eos is licensed under the MIT License|work=GitHub|access-date=2018-06-08}}
| website = {{URL|https://eos.io}}
| block_explorer = {{URL|https://bloks.io}}
| ledger_genesis =
| hash_function =
| issuance =
| timestamping = delegated Proof-of-stake
| block_time = 500 ms
| block_reward =
| circulating_supply = 896,149,492 (27th of July 2018)
| total_supply = 1,000,000,000
| exchange_rate =
| market_cap =
| footnotes = {{notelist|group=infobox}}
}}
{{Infobox company
| name = Block.one
| logo =
| type = Private
| industry = Blockchain
| fate =
| predecessor =
| successor =
| founded =
| founder =
| defunct =
| hq_location_city =
| hq_location_country =
| area_served = Global
| key_people = Brendan Blumer (CEO), Daniel Larimer (CTO)
| products = Decentralized applications
| owner =
| num_employees =
| num_employees_year =
| parent =
| website = {{URL|block.one}}
}}
EOS.IO is a blockchain protocol based on the cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second. It was developed by the private company Block.one and launched in 2017. The platform was later released as open-source software.
History
Based on a white paper published in 2017, the EOSIO platform was developed by the private company Block.one and released as open-source software on June 1, 2018. At the launch of the blockchain, one billion tokens were distributed as ERC-20 tokens by Block.one. The CEO of Block.one, Brendan Blumer, announced that the company would support the EOSIO blockchain with over one billion USD in funding from the token sale and ultimately Block.one raised over four billion USD to support the blockchain during the initial coin offering (ICO) period.{{Cite news|url=https://www.cnbc.com/2018/05/31/a-blockchain-start-up-just-raised-4-billion-without-a-live-product.html|title=A blockchain start-up just raised $4 billion without a live product|last=Rooney|first=Kate|date=2018-05-31|work=CNBC|access-date=2018-08-12}}
The original test net, Dawn 1.0, was released on September 3, 2017, with test net versions Dawn 2.0 released on December 4, 2017, Dawn 3.0 on January 25, 2018, and Dawn 4.0 on May 7, 2018. The name of the cryptocurrency EOS comes from Ancient Greek Ἠώς, "dawn".{{citation needed|date=May 2021}}
EOSIO's Dawn 1.0 was launched on the EOSIO mainnet on June 1, 2018, and is currently operating under version 2.1.0.
In September 2019, Block.one agreed to settle U.S. Securities and Exchange Commission charges related to the $4 billion unregistered ICO for a $24 million penalty.{{cite news |last1=Silva |first1=Matthew De |title=Crypto companies are settling with the SEC, but that's not stopping them |url=https://qz.com/1720295/after-4b-ico-block-ones-24m-sec-settlement-lets-it-keep-building/ |access-date=1 November 2019 |work=Quartz (publication) |date=3 October 2019 |language=en}}{{cite news |last1=Press release |title=SEC Orders Blockchain Company to Pay $24 Million Penalty for Unregistered ICO |url=https://www.sec.gov/news/press-release/2019-202 |access-date=1 November 2019 |work=U.S. Securities and Exchange Commission |issue=2019–202 |date=30 September 2019}} The settlement did not require a restitution offer, registration of tokens, or any disqualifications.{{cite news |last1=Rosenblum |first1=Robert |last2=Caiazza |first2=Amy |last3=Evenson |first3=Taylor |last4=Goodrich |first4=Wilson Sonsini |title=Less Aggressive SEC Sanctions on Violations by Crypto Issuers |url=https://corpgov.law.harvard.edu/2019/10/26/less-aggressive-sec-sanctions-on-violations-by-crypto-issuers/ |access-date=1 November 2019 |work=Harvard Law School Forum on Corporate Governance and Financial Regulation |date=26 October 2019}}
In 2021, EOS was noted as having lower environmental impact than most other cryptocurrencies.{{Cite web|url=https://thefintechtimes.com/what-are-the-top-10-greenest-cryptocurrencies/|title=What Are the Top 10 Greenest Cryptocurrencies?|first=Polly Jean|last=Harrison|work=The Fintech Times|date=November 19, 2021}}
EOS Network Foundation
In August 2021, Yves La Rose founded the organization EOS Network Foundation (ENF). La Rose is an EOS enthusiast who disputes the way Block.one has managed to blockchain and its tokens. The organization has attempted to pressure Block.one into reinvesting its profits into development of the blockchain, and to support new development.{{Cite magazine |last=Volpicelli |first=Gian M. |title=EOS Was the World's Most Hyped Blockchain. Its Fans Want It Back |language=en-US |magazine=Wired |url=https://www.wired.com/story/eos-bullish-blockone-blockchain/ |access-date=2022-08-25 |issn=1059-1028}}
Block.one, EOSIO ecosystem and Everipedia
Block.one is a company registered in the Cayman Islands, which began offering EOS tokens in June 2017 to the public, raising over $4 billion (a record for an ICO).{{cite news|last=Nonninger|first=Lea|url=http://www.businessinsider.com/blockone-raises-4-billion-ico-2018-6|title=Block.one just raised a $4 billion ICO|work=Business Insider|access-date=2018-07-17|archive-date=2021-11-04|archive-url=https://web.archive.org/web/20211104202806/https://www.businessinsider.com/blockone-raises-4-billion-ico-2018-6|url-status=dead}} Daniel Larimer was the Chief Technology Officer of Block.one. Larimer had previously worked on the decentralized exchange Bitshares from 2013 to 2016. After that, he worked on Steemit, a blockchain-based social media platform.{{cite web|url=https://www.forbes.com/sites/jeffkauflin/2018/02/07/fintech-crypto-billionaires-dan-larimer|title=Dan Larimer's Path From Working On Weapons To Minting Crypto Riches|first=Jeff|last=Kauflin|work=Forbes|date=7 Feb 2018|access-date=2 Oct 2018}} On January 10, 2021, Larimer announced his resignation from Block.one.{{cn|date=May 2021}}
On December 6, 2017, Everipedia, a for-profit, wiki-based online encyclopedia, announced plans using EOS blockchain technology and work on an airdrop of a cryptocurrency called IQ to encourage generating information. The IQ tokens are intended to be exchangeable for Bitcoin.{{cite news|url=http://www.huffingtonpost.com/vip-sitaraman/qa-mahbod-moghadam-cofoun_b_8529940.html|title=Q&A: Mahbod Moghadam — Cofounder, Everipedia|work=HuffPost|last=Sitaraman|first=Viputheshwar|date=12 November 2015}} One of the goals of the company is to stop certain countries from blocking the content, by the integration of the blockchain model.{{cite news|url=https://digital.di.se/artikel/wikipedia-grundare-ansluter-till-utmanare-startad-av-svensk-22-aring|title=Wikipedia-grundare ansluter till utmanare startad av svensk 22-åring|trans-title=Wikipedia-founders Connect to challenger started by Swedish 22-year-old|last=Wallenbergtorsdag|first=Björn|language=sv|publisher=DiGITAL|date=14 December 2017|access-date=9 February 2018|archive-date=15 December 2017|archive-url=https://web.archive.org/web/20171215000725/https://digital.di.se/artikel/wikipedia-grundare-ansluter-till-utmanare-startad-av-svensk-22-aring|url-status=dead}} The goal is that once Everipedia is decentralized and hosted on the EOSIO platform, countries such as Turkey and Iran that block Wikipedia will no longer be able to block it, via Everipedia's fork.{{cite news|url=https://www.wired.com/story/everipedia-blockchain/|title=The Wikipedia Competitor That's Harnessing Blockchain For Epistemological Supremacy|last=Rubin|first=Peter|magazine=Wired|date=6 December 2017}} Mike Novogratz, CEO of Galaxy Investment LP, a cryptocurrency investment firm, and Block.one led a group of institutions that invested $30 million in Everipedia on February 8, 2018. Novogratz also funds EOSIO Ecosystem, a $325-million joint venture between his Galaxy Digital LP and Block.one.{{cite web|url=https://www.reuters.com/article/us-blockchain-investment-galaxy/novogratzs-new-fund-others-invest-30-million-in-online-encyclopedia-idUSKBN1FS322|title=Novogratz's new fund, others invest $30 million in online encyclopedia|date=8 February 2018|website=Reuters}}
References
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External links
- {{Official website}}
{{Cryptocurrencies|state=expanded}}
Category:Cryptocurrency projects