The EOS team has been releasing videos all week about the project, making it a great time for beginners to check out the EOS blockchain. We’re here to help break things down even further – what is EOS? Let’s find out.

Who is Launching the EOS Blockchain?

It’s not Block.one, if that’s what you’re thinking. Block.one is the team behind the development of EOS, but, as the first of the EOS videos explains, the EOSIO blockchain can only be launched by communities – not by any centralized organization, which is what it would be if Block.one were to launch the blockchain.

The EOSIO blockchain is distributed via consensus mechanisms. For EOS, it all comes down to the community. The community is what creates the value of EOS. Block.one will provide the open-source software, that is EOS, for developers to create their own blockchains off of.

Once multiple blockchains start being built upon, they can begin to compete with one another to find the best solution for whatever it is they’re working on. This is decentralization at its best and most complete.

The first video in what we’re calling the ‘What is EOS’ series was originally released in a statement from Block.one on Tuesday. Then, the video was reuploaded to the EOS Twitter page today.