{"id":2712,"date":"2020-10-26T20:17:41","date_gmt":"2020-10-26T17:17:41","guid":{"rendered":"https:\/\/www.paribu.com\/blog\/?p=2712"},"modified":"2026-01-16T12:38:47","modified_gmt":"2026-01-16T09:38:47","slug":"eos-in-6-questions","status":"publish","type":"post","link":"https:\/\/www.paribu.com\/blog\/en\/cryptocurrency\/eos-in-6-questions\/","title":{"rendered":"EOS in 6 questions"},"content":{"rendered":"<p><strong>EOS is a network that allows vertical and horizontal scaling of decentralized applications, account management, data base creation and application programming. The cryptocurrency of this network is called EOS. <\/strong><\/p>\n<ol>\n<li>\n<h3><strong> Who established it and when? <\/strong><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>EOS was established by block.one in 2017.<\/li>\n<li>Its founder Danierl Larimer is also the creator of BitShares, Blockchain Steem and Delegated Proof of Stake&rsquo;in (DPoS). Larimer is still the CTO of block.one.<\/li>\n<li>EOS was released into the market in June 2017 with the initial coin offering (ICO) method. ICO collected 2.5 billion dollars in a year, which has proven to be one of the biggest ICO initiatives.<\/li>\n<\/ul>\n<ol start=\"2\">\n<li>\n<h3><strong> The infrastructure of EOS<\/strong><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Targeting to become a decentralized network, EOS operates according to the DPoS consensus mechanism.<\/li>\n<li>EOS was first created on Etherum and switched to its own block network in 2018.<\/li>\n<li>DpOS is a voting-based system that helps to create new cryptocurrencies through the cryptocurrency amount owned by the selected stakeholders.<\/li>\n<\/ul>\n<ol start=\"3\">\n<li>\n<h3><strong> What does it promise to its users? <\/strong><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>EOS offers a &nbsp;blockchain architecture that ensures the vertical and horizontal scaling of decentralized applications.<\/li>\n<li>EOS guarantees that every single transaction and practice is transparent. Thus, any one on the network can view the erroneous transaction and the mistake can be corrected.<\/li>\n<li>Also, EOS promises its users high-speed transactions.<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>\n<h3><strong> Is there any EOS mining? <\/strong><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>Since DPoS consensus algorithm is in use, there is no EOS mining.<\/li>\n<\/ul>\n<ol start=\"5\">\n<li>\n<h3><strong> Trading volume and total offering<\/strong><\/h3>\n<\/li>\n<\/ol>\n<ul>\n<li>The total EOS offering is 1,018,118.014 while the EOS offering in circulation is 921,418.002.<\/li>\n<li>The lowest EOS cryptocurrency price ever is 0,480196 dollars whereas the highest price is 22.89.<\/li>\n<\/ul>\n<ol start=\"6\">\n<li>\n<h3><strong> How to perform EOS transactions on Paribu?<\/strong><\/h3>\n<\/li>\n<\/ol>\n<p>You can click the link&nbsp;<a href=\"https:\/\/www.paribu.com\/?utm_source=ParibuLOG&amp;utm_medium=Blog&amp;utm_campaign=6%20questions#\/\">paribu.com<\/a>&nbsp;and perform your EOS transactions easily.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EOS is a network that allows vertical and horizontal scaling of decentralized applications, account management, data base creation and application programming.<\/p>\n","protected":false},"author":1,"featured_media":24633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[212],"tags":[],"class_list":["post-2712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/comments?post=2712"}],"version-history":[{"count":1,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2712\/revisions"}],"predecessor-version":[{"id":24635,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/posts\/2712\/revisions\/24635"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media\/24633"}],"wp:attachment":[{"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/media?parent=2712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/categories?post=2712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paribu.com\/blog\/en\/wp-json\/wp\/v2\/tags?post=2712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}