What is EOSIO software?
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAMmemory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders.
EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.
What is EOS token?
The main native token, EOS, is a utility token that provides both bandwidth and storage on the blockchain, in proportion to the total stake (owning 1% of EOS tokens allows for usage of up to 1% of the total available bandwidth).