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EOS

EOS is the native token for EOS.io, a high-scale blockchain system designed for a wide range of different computational operations and use cases. Developed by Block.one, a blockchain company co-founded by BitShares creator Dan Larimer, EOS aims to avoid charging transaction fees, while supporting millions of transactions per second. The network is maintained by 21 Block Producers, who are paid with block rewards.

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What is EOS?

EOS was funded with a controversial year-long token sale that raised $4 billion and attracted attention from the US Securities and Exchange Commission. (Block.one ultimately paid $24 million as a penalty for conducting an unregistered ICO.) EOS features a very fast (0.5-second) block time, which it achieves through its Delegated Proof of Stake consensus, whereby blocks are sent to Block Producers that are known in advance. This entails a degree of centralisation, since there are a limited number of BPs, but high throughput. EOS’s smart contracts allow for the creation of distributed applications, similar to dApps on the Ethereum network.

1.415701 EOS = 1 AUD

EOS EOS	AUD Australian Dollar
0.01 EOS	0.0071 AUD
0.1 EOS	0.0706 AUD
1 EOS	0.7064 AUD
2 EOS	1.4127 AUD
3 EOS	2.1191 AUD
5 EOS	3.5318 AUD
10 EOS	7.0636 AUD
20 EOS	14.1273 AUD
50 EOS	35.3182 AUD
100 EOS	70.6364 AUD
1000 EOS	706.3636 AUD