EOS is the native cryptocurrency of the EOS blockchain.
EOSIO is the blockchain protocol used to create decentralized applications on the EOS Blockchain
The benefits of using EOSIO are:
Millions of transactions per second (high throughput).
This is made possible by DPOS (Delegated Proof of Stake) consensus mechanism. With DPOS there is no need to wait for all nodes to complete a transaction.Eliminates user fees to transact (freemium model).
EOSIO is regulated by a staking mechanism, thus not affected by the price movement.Quick and easy deployment of decentralized applications
Low latency for transaction confirmations.
This creates faster confirmations.Has a comprehensive permission schema.
In the smart contract, the developer sets different actions with authority requests creating a permission-based application. This improves security.With authority, the smart contract can be upgraded by deploying code fixes.
Less energy to validate transactions with the help of the DPOS consensus algorithm.
There are system smart contracts
These are ready-made smart contracts that a developer can modify or use without change.
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