Eos: Social Media Site Ono Launch - Steemitocracy

EOSIO[4] is a cryptocurrency token and blockchain that operates as a smart contract platform for the deployment of decentralized applications and decentralized autonomous corporations.[5]

EOSIO aims to become a decentralized operating system supporting industrial-scale applications, with claims to eliminate transaction fees and also conduct millions of transactions per second.[6]

The aim of the platform is to provide decentralized application hosting, smart contract capability and decentralized storage enterprise solutions that solve the scalability issues of blockchains like Bitcoin and Ethereum, as well as eliminating all fees for users. EOSIO accomplishes this by being both multi-threaded (able to run on multiple computer cores) as well using delegated proof-of-stake for its consensus protocol.[10] It aims to be the first decentralized operating system (EOSIO) that provides a development environment for decentralized applications like Steemit, a social network with monetary incentives and BitShares, a decentralized cryptocurrency exchange (DEX).

The native token, EOS, is a utility token that provides both bandwidth and storage on the blockchain, in proportion to total stake (owning 1% of EOS tokens allows for usage of up to 1% of the total available bandwidth). EOS tokens also allow the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner's stake. The EOSIO platform will vote for 21 block producers during its launch, who will generate and validate blocks within a 500 ms block time.[12][13] General purpose and smart contract language to build upon the EOS platform will be WebAssembly (Rust, C, C++),[14] a portable stack machine that is developed at the World Wide Web Consortium (W3C) with engineers from Mozilla, Microsoft, Google and Apple.[15]
...
https://www.youtube.com/watch?v=CkIDtlP4iBQ