30th September 2022
5 min read
Decentralized apps (dApps ) mean keeping applications on a blockchain network of computers instead of keeping them under a single computer or single authority.
EOS/ EOSIO is a blockchain platform to develop industrial-scale decentralized applications. Its aim is to overcome the challenges of Etherium by providing business-friendly tools for building dApps. EOS provides cryptocurrency tokens to purchase the computing resources used to run dApps on the EOSIO platform. The EOS blockchain is freely available and permissionless. This means that anyone can access, use, and develop without running a node, and also not need any approval to do any task.
Developers are using the EOSIO platform which helps developers to perform transactions at a very much lower cost through efficient resource management.
In conclusion, EOSIO take place of Ethereum in the future as it has improved transaction fees and scalability. Hence it has a lot of competitors but consists of advantages that make EOSIO stand out among all.