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- EOS is a fully decentralized blockchain launched in 2017.
- It has a lower transaction fees than Ethereum comparatively.
- The network was developed to become the most scalable dApp platform.
EOS is a third generation layer 1 blockchain founded by Black(dot)one, a crypto native company, in 2017. It is a fully decentralized network enabling development, hosting, and dApps on the platform. It supports all the core functions that allow individuals or businesses to create decentralized apps.
The first blockchain with user support and a community-led foundation has some core features that attracted several developers. Scalability remains the primary focus for the project. It can perform 4,000 transactions per second (TPS), meanwhile, block creation on the network takes less than a second.
The network leverages C++, a programming language, as their infrastructural layer allowing native users to work on blockchain without a need to learn something new. The easy to use and developer-friendly network resembles an operating system for PCs. The platform has grown substantially while attracting diverse projects, let’s have a look at a handful of such initiatives operating there.
Upland
Upland is a play-to-earn game built on the EOS blockchain allowing users to buy, sell or trade in-game virtual assets. Moreover, users can monetize their creation to generate revenue streams. Since it launched, this game has become popular and has attracted over 3 million active users on the network.
Upland is the next big thing in tech considering its community-based commerce enables players and businesses to experience gaming, socialization and income generation more immersively.
Vigor protocol
It is a decentralized lending and borrowing platform allowing users to earn interest by depositing crypto assets as a collateral. Moreover, users can borrow VIGOR, the platform’s native stablecoin. Considering it is built on an EOS blockchain, challenges regarding scalability. The gasless nature makes it more attractive to the users trying to avoid extra payments for their transactions.
Sportbet(dot)one
Sportbet(dot)one is the first decentralized sportsbook and casino allowing users to enter legal gambling using blockchain technology. Launched 4 years back, the platform is focused on network transparency with instant payouts. The company has attracted users globally thanks to the KYC-free registration, instant withdrawals, 24/7 customer support and several sports to bet on.
Prospectors
Prospectors are among the pioneers in blockchain gaming. In-game assets are based on supply and demand similar to the physical world. According to the game’ CEO and Co-founder, they analyzed the Ethereum smart contracts but concluded that they need to develop something robust accordingly. This led the team to approach the EOS ecosystem and develop an MMORTES game.
EOS can be considered a “full-package deal” acting as a smart contracts and dApps creation platform. Apart from this, one of the most appreciated features remains their community allowing users and developers to participate in their decision-making process. Finally, it is safe to say it holds a potential to become one of the biggest platforms in the industry.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
