EOS is a decentralized blockchain platform for developing, hosting, and deploying commercial programs, or dApps. EOS was released in June 2018 following an ICO that netted Block. $4.1 billion in bitcoin. EOS.IO, is an open-source program developed by Block. one is utilized on the network. On the network, EOS cryptocurrency tokens are employed as a payment mechanism. EOS provides fundamental functionality that enables organizations and people to construct blockchain-based apps in the same manner that web-based applications are created. Secure access and authentication, permissions, data hosting, use tracking, and communication between dApps and the Internet are all provided by EOS. EOS is backed by an online tool store that attempts to simplify app development.