Facts about EOS

1. 07

   The EOS mainnet launched in June 2018 after a year-long token sale conducted on the Ethereum blockchain using ERC-20 tokens.

   EOSJun 8shareblockchaincryptocurrencydecentralized
2. 06

   Arbitrum, a Layer 2 scaling solution, processes EOS transactions off-chain before settling them on the main blockchain, reducing congestion and transaction costs for users.

   EOSMay 14sharetechnologycryptocurrencyscaling
3. 05

   Through the RAM market mechanism, EOS users must purchase scarce network memory to deploy smart contracts, creating an internal economy where memory prices fluctuate based on supply and demand.

   EOSMay 14shareblockchaineconomicstechnology
4. 04

   EOS transactions execute with 0.5-second block times, enabling the network to theoretically process millions of transactions per second compared to Bitcoin's seven transactions per second.

   EOSMay 14shareblockchainperformancecryptocurrency
5. 03

   Delegated Proof of Stake consensus on EOS allowed token holders to vote for 21 block producers who validated transactions, distributing governance power across the network rather than centralizing it.

   EOSMay 14shareblockchaingovernanceconsensus
6. 02

   Block.one, EOS's developer company, held 140 million EOS tokens representing approximately 10 percent of the total supply at the network's inception in 2018.

   EOSMay 14sharecryptocurrencydistributionblockchain
7. 01

   In June 2018, the EOS blockchain launched with a $4 billion initial coin offering, making it one of the largest fundraising events in cryptocurrency history.

   EOSMay 14sharecryptocurrencytechnologyfinance