These are the top 4 platforms operating on the EOS Blockchain
- EOS is a fully decentralized blockchain that was launched in 2017.
- It has lower transaction fees than Ethereum compared to.
- The network was developed to be the most scalable dApp platform.
EOS is a third-generation layer 1 blockchain founded by Black(dot)one, a crypto-based company, in 2017. It is a fully decentralized network that enables development, hosting and dApps on the platform. It supports all the core features that allow individuals or businesses to create decentralized apps.
The first blockchain with user support and a community-led foundation has some core features that attracted more developers. Scalability is still the main focus of the project. It can perform 4000 transactions per second (TPS), meanwhile, it takes less than a second to create blocks on the network.
The network leverages C++, a programming language, as their infrastructure layer that allows native users to work with the blockchain without having to learn anything new. The user-friendly and developer-friendly network resembles an operating system for PCs. The platform has grown significantly while attracting various projects, let’s take a look at a handful of such initiatives operating there.
Upland
Upland is a game to earn money built on the EOS blockchain that allows users to buy, sell or trade virtual assets in the game. Also, users can monetize their creation to generate revenue streams. Since its launch, this game has become popular and has attracted over 3 million active users on the network.
Upland is the next big thing in technology, as its community-based commerce enables gamers and businesses to experience gaming, socializing and monetization more immersively.
Vigor protocol
It is a decentralized lending and borrowing platform that allows users to earn interest by depositing crypto assets as collateral. In addition, users can borrow VIGOR, the platform’s original stablecoin. Considering that it is built on an EOS blockchain, challenges regarding scalability. The gasless nature makes it more attractive to users trying to avoid extra payments for their transactions.
Sportsbet(dot)one
Sportbet(dot)one is the first decentralized sportsbook and casino that allows users to enter legal gambling using blockchain technology. Launched 4 years ago, the platform is focused on network transparency with instant payouts. The company has attracted users globally thanks to its KYC-free registration, instant withdrawals, 24/7 customer support and multiple sports to bet on.
Prospectors
Prospectors is among the pioneers of blockchain gaming. In-game assets are based on supply and demand similar to the physical world. According to the game’s CEO and co-founder, they analyzed Ethereum’s smart contracts but concluded that they need to develop something robust accordingly. This led the team to approach the EOS ecosystem and develop an MMORTES game.
EOS can be considered a “full package deal” that acts as a smart contract and dApps creation platform. Apart from this, one of the most appreciated features is their community which allows users and developers to participate in their decision making process. Finally, it is safe to say that it has the potential to become one of the biggest platforms in the industry.
Anurag has been working as a founding writer for The Coin Republic since 2021. He likes to exercise his curiosity muscles and research deeply into a topic. Although he covers various aspects of the crypto industry, he is quite passionate about Web3, NFTs, Gaming and Metaverse, envisioning them as the future of the (digital) economy. A reader and writer at heart, he calls himself an “average guitar player” and a fun soccer player.
