EOS News

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. 

Price Analysis
If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength.
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Ethereum’s dominance as the blockchain of choice for DAOs remains strong, but there is a case being made for other chains which may be better suited.
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Expert Take
What are the limitations that are preventing mainstream adoption and what is the current DApp landscape?
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ENF founder Yves La Rose says that they are planning “to seek $4.1B in damages” against the EOS creators.
EOS Network Foundation reveals plans to pursue a $4.1B lawsuit against Block.one
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Altcoin Watch
TLOS rallied 229% off its January low after new partnerships and the launch of several NFT and DeFi applications caught investors’ attention.
3 reasons why Telos (TLOS) price hit a new all-time high
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Altcoin Watch
DerivaDAO, TLOS and Bonfida rallied by 30% as traders view Bitcoin move above $38,000 as a signal to go long on BTC and select altcoins.
Altcoins rack up 30% gains as Bitcoin price chases after $39,000
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New Year Special
Not all digital assets have made positive price movements during the 2021 bull run.
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