EOS.IO: The most powerful infrastructure for decentralized applications

EOS.IO launches in June 1, 2018

Block.one, its parent company, recently announced the release of EOSIO, Dawn 3.0. Dawn 3.0 adds many features such as improved scalability features, interblockchain communication, lost password recovery, a transaction proposal system, and many others. 

With Dawn 3.0, EOS is capable of handling 6,000 transactions per second. EOSIO expects to be capable of a Visa-like 25,000 transactions per second. 

When it launches, it plans on hitting the ground running. Here’s some of what’s going on in the background: 

• In January, Block.one announced a partnership with TomorrowVentures, the venture capital firm backed by former Google Executive Chairman Eric Schmidt. The firm will seed TomorrowBC with $50 million for opportunities leveraging EOS.

•  In January, Block.one announced a partnership with Galaxy Digital LP, the venture capital fund of ex-hedge fund manager Mike Novogratz. Block.one and Galaxy Digital will fund an EOS.IO Ecosystem Fund with $325 million. 
• The same month, Block.one hired Richard Jung to lead development of the EOS.IO community in Korea. He’s the former CEO of Bithumb. 
• Additionally, Everipedia, a blockchain-based competitor to Wikipedia led by Sam Kazemian and Wikipedia co-founder Larry Sanger, announced in January that it will be developed exclusively on the EOS platform. 
• In March, Block.one announced a $100 million joint venture with FinLab AG. The venture will accelerate the development of EOS.IO projects in Europe. FinLab AG is one of the largest German investors in the financial services technology sector.

 There are currently over 70 dApps building on the EOS platform. To date, Block.one, through the EOS token sale, has raised a war chest of over $2.7 billion. Looking forward, the release of EOSIO Dawn 3.0 paves the way for the public launch in June. 

According to Dan Larimer, chief technology officer of EOS, “EOSIO has become far more powerful and easy to develop for than we had conceived a year ago.” 

Disclaimer: It is an excerpt from PBC April 2018