EOS is a main native token of EOS.IO blockchain protocol. EOS.IO is a decentralized platform with smart contracts focused on open source developers and decentralized applications (DApps). It is a direct competitor to Ethereum, but offers improved technological solutions. The company declares that EOS.IO achieves scalability from 10 to 100 thousand transactions per second, which is hundreds of times higher than Ethereum.

As a utility token EOS allows to participate in governance of the blockchain and provides bandwidth and storage. Quantity of owned token is proportional to the number of votes and allowed bandwidth usage.

One of the major innovations of the platform is delegated proof of stake (DPoS), which allows all platform users to choose a more attractive block maker. In addition, it helps to avoid forks, as block makers do not compete, but cooperate in creating blocks.