Web 3 Lesson number 53 What Is EOS?

EOS is a decentralized operating system designed to support decentralized applications (DApps) by providing smart contract functionality and decentralized storage solutions. It aims to offer high transaction processing speed, scalability, and reduced transaction fees by utilizing a delegated proof-of-stake consensus mechanism. EOS aims to be the platform of choice for developers interested in building decentralized applications that offer fast transaction processing, high scalability, and ease of use.

NFT stands for a non-fungible token, a digital asset that is unique and cannot be replicated or divided into smaller parts. NFTs are stored on a blockchain, making them secure and verifiable. They can represent anything from artwork and music to virtual real estate and sports trading cards. NFTs have gained popularity in recent years as a way for artists and creators to monetize their digital creations and for collectors to own and trade unique digital assets. While the concept of NFTs may be new, their potential for disrupting traditional asset ownership and investment is significant.