EOS coins are the native token on the EOSIO network, a blockchain-based technology designed to become a decentralized operating system that creates scalable and efficient dApps.
EOS transactions only take about half of a second to confirm a transaction and approximately 2 minutes to finalize a transaction. There a no mining fees in the production of new EOS tokens, making them free to transfer. There are no fees associated with sending or receiving EOS.
EOS is the only cryptocurrency on the EOS network that can be used to purchase the resources needed to run dApps on the EOS platform. Resources that can be purchased with EOS tokens include CPU power, network bandwidth and RAM for data storage.
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