EOS is a decentralized operational system for developing and running smart contracts and decentralized applications. Those applications can run on the EOS blockchain without requiring any transaction fees. Instead, the developer needs only to stake a proportional amount of EOS tokens to host and execute applications on its blockchain. Therefore, it allows for self-sufficient application deployment. The amount of computational power one is entitled to is proportional to how many EOS tokens they're holding and the total EOS in circulation.
Applications run smoother on EOS because of its parallel processing capability. It has a dPoS system, in which 21 elected nodes are elected as block producers. These nodes are constantly checked for availability and if they are unable to produce a block over a 24h time-span, their position is revoked.
EOS has always been one of the most hype over ICO and now a smart contract platform. When it was announced by founder Dan Larimer in New York City in May 2017, a giant jumbotron advertisement could be seen glowing over Times Square. In the first 5 days of their ICO token sale, EOS raised an unprecedented $185 million in ETH — all without having any kind of product or service yet. EOS claims to be “the most powerful infrastructure for decentralized applications.” Basically, EOS is (or, rather, will be) a blockchain technology much like Ethereum.
EOS is a cryptocurrency with a price of $5.02 and marketcap of $4,817,828,512. EOS's market price has decreased -3.25% in the last 24 hours. It ranks 28 amongst all cryptocurrencies with daily volume of $1,522,225,126.