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RE: A Primer on EOS, why it grew 320% overnight and why it isn't done yet!
I'm making the crypto world friendly and accessible for everybody by explaining acronyms and terms related to cryptocurrency. Here I found:
| EOS | ERC-20 compatible token that may have no value, distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “EOS Tokens”) |
| ERC-20 | A token standard of Ethereum, which defines a common list of rules for all Ethereum tokens to follow, meaning that this particular token empowers developers of all types to accurately predict how new tokens will function within the larger Ethereum system |
| EOS.IO | Software that can be configured based on an EOS ERC-20 token distribution |
| ICO | Initial Coin Offering is a means of crowdfunding the release of a new cryptocurrency, the tokens being sold to raise money for technical development |
Please upvote for visibility. If there are any missing terms here you want to be added to the database, please comment, so I'll become better.
I'm trying to come up with a good one-line definition of EOS.IO that isn't too technical such as "EOS.io is open source software that will do parallel blockchain processing enabling a virtually unlimited number of transactions per second. "