EOSIO Features

The EOSIO network has an account system, so transfers are carried out using account names, not wallet addresses. Each account has its own key, with the help of which transactions are sent to the network. When recovering access, you don’t need to transfer all your funds from one wallet to another like in other networks. Instead, you just need to replace the key components, while the account (the address) remains the same.

The EOSIO network does not charge an additional fee for a transfer, but requires a stake (reserved funds) to use the network resources. In order to simplify interaction with the network for our users, we created a special account with a shared stake, and provide resources for creating transfers for free.