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EOS Celebrates Its Second Birthday A Brief Look into Its Influence
EOS Celebrates Its Second Birthday A Brief Look into Its Influence

How Did EOS Grow During the Past 2 Years?

Today marks the day of EOS' second Birthday. On the second of June 2018 EOS launched its mainnet making it one of the world's first Delegated-Proof-of-Stake (DPoS) blockchains. Brendan Blumer, Block One's CEO & Co-Founder made note of the date on Twitter and promised an even better 2020 for EOS.

 

 

The past year has already been quite big for EOS. Both Voice a social media platform and Sense Chat have been announced earlier in the year and will likely be released in the upcoming months.

Additionally, the number of dApps running on EOS' blockchain has increased to 326. While Ethereum has more dApps currently with 2855, EOS has more dApp transactions with more than 791,870 in 24 hours. Currently EOS' most popular dApp is a game called Upland, a virtual property hunting game.

 

EOS' Effect on Blockchains

The biggest contribution to the development of blockchain technology by EOS is probably DPoS as a mining method. It was developed by Block One's other Co-Founder Daniel Larimer and allows fast and fee-less transfer of funds between EOS holders. While some have claimed that this algorithm is not truly decentralized, it remains a popular mining method.

Since the release of the EOS whitepaper and subsequent mainnet launch many have made use of this mining algorithm. This includes Tezos (XTZ), Cardano (ADA), and TRON (TRX) to name a few.

EOS has had quite an effect on the blockchain space during its past 2 years in existence. If Blumer is right 2020 can possibly out-do previous achievements.

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Written by Jonathan Ganor

Writer & cryptocurrency aficionado

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