EOS is a blockchain-based decentralised operating system designed to enable the development of blockchain applications, providing all the necessary features and technologies. Scalability is guaranteed (millions of transactions per second), and the EOS ownership model eliminates transaction fees, which feature makes it a serious competitor to Ethereum. This means that users are entitled to use resources on the basis of their ownership share, rather than paying for each transaction separately. It works with a Proof-of-Stake algorithm, where the creator of a new block is randomly selected depending on their wealth, meaning the higher the percentage they own, the higher the chance of creating a new block. The system's own token is the EOS, ownership of which is very important, because if a developer wants to use the EOS blockchain, he or she must have a coin.