The bullish price action from ETH, BNB, DOT and EOS show that altcoins have capitalized on Bitcoin’s range-bound trading below the $60,000 level.
Published by Block.one in June 2018, the EOSIO software is a blockchain-based smart contract platform aiming to power large-scale decentralized applications. The network uses a computation and storage resource exchange in place of transaction fees to create an easier user experience. Chief technology officer Dan Larimer previously founded two blockchain networks, Steem and BitShares.
The EOS protocol operates on a different consensus algorithm than Bitcoin’s proof-of-work called delegated proof-of-stake, which prioritizes speed and scalability over absolute censorship-resistance and decentralization.
A unique aspect of EOS is its approach to governance, or how tokenholders on the network vote and implement changes to the protocol over time. When a new user joins EOS, they must first sign the EOS User Agreement, which defines the rights of users on the network as well as methods for dispute resolution.
EOS is competing against a growing number of smart contract platforms including Ethereum, Cardano, NEO and Tezos, among others.
Previously dormant altcoins are suddenly erupting, and it's not very clear why.52822
Ultra gains momentum as the popularity of NFTs and cross-chain interoperability help propel the UOS token to new highs.30965
The former founder of Steemit and Block.one is tackling social media once more.5851
Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.91175
Block.one holds a reported 140,000 BTC which is worth around double the EOS market cap. Does that make EOS a buy?12124
Altcoins rallied strongly over the past week, but Bitcoin’s current consolidation could be a sign that the trend may reverse soon.50980
In a short blog post on EOS social media platform Voice, Larimer hinted at future social media development19655
2020 may have been filled with challenges, but Bitcoin, stablecoins and DeFi protocols are the clear top performing crypto assets for the year.20634
Most major DeFi tokens will be available for trading on Eos.9607
Analysts state that blockchain hacks should remain on the decline.4446
Major cloud service providers are showing increased interest in joining blockchain networks.14504
"I have seen this movie before," said the ex-banker with reference to DeFi.9533
They've also brought in a Goldman Sachs veteran to lead Block One's advisory board.12122
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels.32930