EOS

What is EOS

The EOS software enables blocks to be produced exactly every 0.5 second and exactly one producer is authorized to produce a block at any given point in time.

The EOS software requires every transaction to include part of the hash of a recent block header. This hash serves two purposes - prevents a replay of a transaction on forks that do not include the referenced block and signals the network that a particular user and their stake are on a specific fork.

The EOS software provides accounts, authentication, databases, asynchronous communication, and the scheduling of applications across many of CPU cores or clusters.

A holder of tokens on a blockchain launched adopting the EOS.IO software who may not have an immediate need to consume all or part of the available bandwidth, can delegate or rent such unconsumed bandwidth to others; the block producers running EOS.IO software on such blockchain will recognize this delegation of capacity and allocate bandwidth accordingly.

A blockchain that adopts the EOS.IO software will award new tokens to a block producer every time a block is produced. In these circumstances, the number of tokens created is determined by the median of the desired pay published by all block producers. The EOS.IO software may be configured to enforce a cap on producer awards such that the total annual increase in token supply does not exceed 5%.

The EOS.IO software permits all accounts to be referenced by a unique human readable name of up to 12 characters in length.