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EOS is a blockchain operating system aimed at making it clear and simple for developers to create commercial decentralized applications using smart contracts. It uses an alternative delegated proof of stake (DPoS) consensus mechanism for approving transactions unlike the Proof of Work (PoW) mechanism Blockchain has. It is a competitor to Ethereum vying for the same market and boasting similar goals with the propagation in decentralized application development.
First Issued: 1st July, 2017