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EOS runs on a smart contract platform with a decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. Said to conduct millions of transactions per-second, along with vertical and horizontal scaling of decentralized applications through side chains.
EOS was created by a private company, Block.one with Daniel Larimer as their chief technical officer (CTO). Daniel Larimer was involved in two other previous cryptocurrencies projects, such as Bitshares and Steemit. Making him one of the most well known developers in the crypto space. EOS is well known for its initial coin offering (ICO) that lasted a year and set a new record by raising over 4 billion USD during the (ICO).