What Is EOS?

EOS is a decentralized blockchain-based platform designed to support dApps at an industrial scale. Meaning, the EOS ecosystem enables decentralized applications of all kinds to run with lower latency and higher throughput — compared to other major blockchains. 

Besides dApps, a major part of the EOS ecosystem is the EOS token. Apart from working as a store of value, the token plays an essential role in the network’s resource management. To be eligible for using these resources, users & dApp developers must stake EOS to increase their quotas and continue operating on the platform. 

Last but not least, the EOS blockchain is being governed by block producers, a network of entities that create new blocks, where all transactions on the EOS blockchain are recorded. To put it simply, if EOS was a ledger book, the block producers would be in charge of putting in new pages.

Still not quite what you were looking for? We’ll be happy to help! Please, include your EOS/WAX/Telos account name or the Ethereum address, the device you’re using Wombat on, Wombat version (you can see it in the lower section of Settings), as well as your sign-up method (Gmail, Facebook, Twitter or Apple ID) and details of the issue you’re facing. Our Support Team will get back to you within 48 hours.