Referred to as third-generation blockchain technology, EOS is based on a concept similar to that of Ethereum with the development of fully decentralized applications (dApps). But unlike Ethereum, EOS uses a delegated proof of stake system, which uses "block producers" to validate transactions.

This choice significantly increases the speed and number of transactions. After a record-breaking ICO completed in 2018, in which it raised $4 billion, the token has grown impressively to seize a spot in the top 10.