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Created in 2017, EOS is the native cryptocurrency of EOS.IO, a smart contract platform designed to host thousands of commercial scale decentralized applications (dApps) and handle millions of transactions per second. EOS shares some similarities with Ethereum but uses a different consensus mechanism – Delegated Proof-of-Stake (DPOS).
During it’s ICO, block.one, the company behind EOS.IO raised over $4billion in an ICO that lasted one year, a record for an ICO. The team are now using this money to help further develop the EOS ecosystem.