EOS
Crypto Overview
Understanding the Intended Utility
EOS is a blockchain platform designed to enable the development and hosting of decentralized applications (dApps). The platform aims to solve the scalability issues faced by other blockchain networks while eliminating user fees and enabling quick and easy deployment of decentralized applications.
Platform Features and Development
EOS utilizes a Delegated Proof of Stake (DPoS) consensus mechanism, where token holders can vote for block producers. The platform supports millions of transactions per second, eliminates user fees, and includes features like user authentication, server hosting, and cloud storage.
Current Usage and Adoption
The EOS network has shifted focus under the leadership of the EOS Network Foundation (ENF) since 2021. The platform has seen renewed development activity, with multiple DeFi projects, NFT marketplaces, and enterprise solutions being built on the network. The ENF has implemented significant protocol upgrades including EOS EVM, which enables Ethereum compatibility.
Token Distribution and Governance
The initial distribution of EOS tokens was conducted through a year-long ICO that raised $4.1 billion. Block.one, the original developer, held 10% of the tokens. Current governance is managed by the EOS Network Foundation, which has implemented more transparent and community-driven development processes.
Revenue Model and Use Cases
The primary utility of EOS tokens includes network resource allocation (CPU, NET, and RAM), governance through voting, and serving as a medium of exchange within the ecosystem. The platform generates value through its technological infrastructure rather than interest-bearing mechanisms.
Crypto Impact
To assign a comfort level investing in EOS from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to EOS.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.