Guides to Cryptocurrency Founders
5. EOS Founder Introduction
Daniel Larimer is a software programmer and is the co-founder of BitShares, Steemit and EOS. On June 2013, Larimer introduced the idea of a decentralized exchange to Charles Hoskinson, and together they presented the business plan, successfully acquired funding for the development and created Bitshares in 2014 along with the first trust-less cryptocurrency pegged to the US dollar, BitUSD.
Daniel Larimer was largely responsible for the successful development of the Graphene blockchain technology, which powers Steemit cryptocurrency token and BitShares. He is the main architect of the Steem cryptocurrency and blockchain, is the co-founder of Steemit Inc and was its CTO until March 2017.
Daniel Larimer invented as well, DPOS (Delegated Proof of Stake Algorithm) consensus algorithm and developed EOS that uses the DPOS protocol. EOS aims to solve the two biggest blockchain problems, Scalability and Transaction costs, with the end goal of eliminating all transaction fees for users. With the help of its CTO, Daniel Larimer, EOS launched Mainnet on 9 Jun 2018 and had since grown to become the cryptocurrency with the world's 5th largest market cap of more than $7.5 billion USD as of 8th July 2018.