What is EOS (EOS)?
Valerie avatar
Written by Valerie
Updated over a week ago

Eos is a platform designed to allow developers to build decentralised applications (dapps). As such, it tries to be more straightforward and easier to use than its competitors and provides educational materials and tools necessary to build apps quickly. Eos is secured by a delegated proof-of-stake consensus mechanism devised by one of Eos’s creators. This concept where token holders vote for the people responsible for transaction validation is also used by some other prominent systems (e.g. Tron).

According to Eos, it’s able to support hundreds and thousands of dapps thanks to parallel execution and modular approach. However, despite its usefulness, some would argue that the project is rather centralised and as such goes against what blockchains and cryptocurrencies are trying to achieve.

Check out this article to choose the most convenient way to buy cryptocurrencies, including EOS.

Important: please note that EOS deposits and withdrawals are currently not supported. You can buy, exchange and store EOS. If you'd like to receive or send it, you'll have to first exchange it for a currency which supports crypto deposits and withdrawals – you can always check with the list in this article.

In compliance with the Financial Promotion Act which came into force on 8 October, 2023, at 8 AM UTC, some account functionality is temporarily limited for the Cryptopay customers with verified UK residency.
Check what services are available: Service availability in the UK

The world of crypto is vast and intricate - if you feel overwhelmed, check out Cryptopay Learn. It is a perfect place to start for beginners trying to understand the basics of crypto. For more experienced crypto enthusiasts, this is also an excellent opportunity to brush up on their knowledge. The more you learn, the more you earn!

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