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What does eos token mean (what currency is eos)

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What does eos token mean (what currency is eos)

What does eos token mean? According to IMEOS reports, EOS token is an English eostoken, which means “eos currency” in Chinese. It is an ERC-20 standard digital asset. Specifically, it refers to the tokenization or integration of eos, representing a form of proof of equity, which is the issuance of tokens in eos units. Eos has a very wide range of applications in the blockchain field, but currently all tokens circulating on the market are determined to be issued by a certain node. This means that if a project wants users to use their eos as a reward, they need to mine these tokens to gain profits

What currency is eos

According to IMEOS, EOS is an open source decentralized blockchain network project. Over 100 nodes have participated in the creation and operation of this project in the past year. Eos is a token issued based on Ethereum, which is an applied token used to stimulate consensus mechanism. At present, the two largest applications on eos are trading markets, one is an exchange platform based on Bitcoin; The other is the smart contract platform, which is also the most commonly used Cryptocurrency for developers Regarding what eos is, you can refer to the following image to understand: https://www.bitcoinist.com/eos-is-a-blockchain-token-for-business/

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