EOS raised eyebrows last year when it raised a whopping $4 billion during its ICO even without a working product. While outsiders were shocked at the number, crypto and blockchain insiders — which largely drove the massive ICO — have long known about EOS’ grand promises and disruptive potential. The platform has been billed as an “Ethereum killer” thanks to its unique application of the dApp model and its promise of improved performance and much faster transactions per second.
Even so, the EOS rollout has been nothing short of perplexing. Although the platform is already live, it has had some stumbles that raised serious questions about its viability thus far. Most recently, the company was in hot water when it was revealed a user found a way to send a $3.6 trillion transaction through the network.