What is EOS in cryptocurrencies?

EOS in cryptocurrencies is a first-layer blockchain that was designed to increase scalability, a problem faced by first and second-layer blockchains. EOS with open-source technology was launched by B1 company in 2018. The rapid development of the blockchain has slowed down due to the loss of venture capital intended for public projects. Therefore, the EOS Network Foundation was created, which is responsible for the efficient allocation of capital. Also, for the normal operation of the blockchain, it was decided to cancel the blocking of B1 tokens. EOS has become a decentralized autonomous organization and continues to introduce new features to address blockchain scalability issues.