With new innovations happening every day, the world of cryptocurrencies keeps on changing and EOS is not left behind. Developed by Daniel Larimer, EOS has grown to become one of the most capitalized cryptocurrencies, with an innovative aim of bringing the blockchain technology to all companies in the world.
EOS is a decentralized operating system, and allows developers to create applications on it. The applications that run on this decentralized operating system can communicate with each other.
The crypto’s market capitalization has surpassed other, older and well established cryptocurrencies such as Zcash, BitShares, Augur and Steem despite being explicitly stated not to have value, utility or purpose. Users can buy and sell EOS at exchanges like Bitfinex, CoinEx, Binance, Huobi and many more.
The EOS Hackathon
A few days ago, at the EOS Global Hackathon Series that took place in San Francisco, over 70 teams came together to build an EOS.IO application. The EOS Hackathon is a series that aims at supporting the growth of a decentralized global community.
Block.one EOS Hackathon has previously had successful events in Hong Kong, London and Sydney as well. Whereby the team showcased their creative blockchain based solutions. The top three competitors from each Hackathon walked away with cash prises.
The EOS Hackathon at San Francisco hosted 475 participants from 26 countries. The top prize was won by Team NouGit. The said team used the EOS protocol to create decentralized Git repositories. Below we detail the winners and the judges who participated:
Full winners list
- First Prize: $100,000 –Team NouGit
- Second Prize: $25,000 – Pollinate
- Third Prize: $10,000 – Six Degrees
- Best Social Impact: $3,000 – EOS EBT Food Stamps
- Best User Experience: $3,000 – EOSHive
- Best Social Media Post: $3,000 – Ky Primo
- Dan Larimer, CTO, Block.one
- Rob Jesudason, President, Block.one
- Mike Lempres, Chief Policy Officer, Coinbase
- Mike Novogratz, Founder and CEO, Galaxy Digital
- Margot Edelman, Vice President, Edelman
- Philip Rosedale, Co-founder and CEO, High Fidelity
- W. Bradford Stephens, Co-founder & Managing Partner, Blockchain Capital
The EOS Software
EOS software institutes a blockchain architecture designed to allow vertical and horizontal scaling of decentralized applications. It provides accounts, database, authentication and planning of applications across multiple CPU cores. This therefore results to a blockchain architecture that can measure up to millions of transactions per second, eliminate user fees and at the same time allow for quick and easy formation of decentralized apps.
The EOS protocol is a blockchain protocol that operates smart contract platform and decentralized operating system. The smart contract platform aims to speed up transaction processes as well as eliminate transaction fees. The EOS is an open source network developed by the private company, Block.one.
The EOS has a Technical White Paper that proposed the EOS software as the dawn of a new era for blockchain technology. The EOS team has therefore worked very hard in ensuring the software can be used with distributed network configuration.