EOS is a blockchain platform and cryptocurrency designed for decentralized applications (DApps) and smart contracts.
It was created by Dan Larimer, who is also known for his involvement in the development of other blockchain projects like BitShares and Steem.
EOS uses a Delegated Proof-of-Stake consensus mechanism, where token holders vote for block producers (21 main block producers and backup producers) to validate transactions and create new blocks. This mechanism aims to achieve faster transaction processing and scalability.
EOS was designed with the goal of providing high scalability, capable of processing thousands of transactions per second, making it suitable for large-scale DApps and enterprise applications.
EOS token and Vaulta (A)
EOS gained significant attention during its initial coin offering (ICO) in 2017, where it raised substantial funds to support its development.
Binance has officially completed the
token swap and rebranding of EOS (EOS) to its new identity, Vaulta (A), marking a major milestone for the long-standing blockchain project. As of May 28, 2025, at 08:00 UTC, trading for Vaulta’s native token A is now live across multiple trading pairs.
Source: https://coinidol.com/eos-valuta-a/