EOS is an alternative to Ethereum, created by Dan Larimer, who is also the creator of Steemit and Bitshares.
EOS is designed to support distributed applications that have the same look and feel as their centralized equivalent, for example without the user having to pay for each transaction. It also means that any type of application can be built, run and managed by the EOS operating system, creating a new level of transparency. EOS is designed for large scale development of large enterprises and hence it is currently not considered by existing blockchain platforms.
EOS - Promises of innovation:
A blockchain built under EOS will use three resource classes to deploy applications:
Bandwidth and log storage  (disk)
The computing power (CPU)
Storage of the state of the blockchain (RAM)
The management and use of these resources is determined by rules that prevent the rewriting of transactions and allow the dynamic allocation of available resources between the nodes. The value of the reward allocated to block producers is determined by the median of the proposals they have submitted, but the rate of inflation can not exceed 5%.
The innovations proposed by Dan Larimer for the EOS DPoS:
Free access to the blockchain.
Transaction fees independent of the value of the token.
Block producers have the power to freeze accounts if they coordinate because they are the ones who choose the transactions they include in their blocks. This can be used to correct some extra-producer corruption issues, and shareholder voting is there to prevent misuse of this right.
The protocol update is done by block producer approval: proposal, 30-day approval, source code ratification and application 7 days later.
It is possible to deploy different virtual machines on an EOS blockchain. She will of course support the EVM and Wasm.
EOS will also enable inter-blockchain communication, thanks to advanced proofing systems and its general architecture (Merkle Proofs for Light Client Validation, Proof of Completeness, 3-second latency).
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