Core technology and features of EOS

EOS uses a Delegated Proof of Stake (DPoS) consensus mechanism, enabling thousands to tens of thousands of transactions per second (TPS) without charging transaction fees. This design makes EOS an ideal choice for large DApp developers in gaming, finance, and social media.

The largest ICO fundraising in history

Between 2017 and 2018, EOS conducted a year-long ICO, raising over $4.2 billion, setting the record for the highest fundraising in blockchain history. A strong team background and market enthusiasm were key to its success.

Challenges and Controversies

Despite its advanced technology, the EOS mainnet faced centralization doubts after its launch, as the block production power is concentrated in a few nodes. Additionally, the lack of blockbuster DApps and the controversy surrounding Block.one’s fund utilization have also affected community trust.

Community Self-Rescue and New Governance Structure

In 2021, the EOS community promoted a hard fork and established the EOS Network Foundation (ENF), which is led by community leaders to take over network development, promote funding transparency, and rebuild the ecosystem, while also launching the Antelope protocol upgrade to enhance cross-chain interoperability.

Future Outlook and Sustainable Development

EOS continues to focus on efficiency, low cost, and user-friendliness, exploring new directions for blockchain scalability and ecological development through community governance and cross-chain collaboration, providing a solid foundation for decentralized applications.

Summary

EOS, as an efficient and low-cost blockchain platform, has led the market with innovative technology and a strong team background. Although it faces controversies over centralization and ecological challenges, the community’s self-rescue and governance innovations bring new hope, continuously driving technological upgrades and cross-chain cooperation in the future, opening up more possibilities for blockchain applications.