The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.
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.
Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes.8465
Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate.4085
SOL, AVAX, FIL and EOS prices are beginning to look attractive, especially if Bitcoin opens the week with a renewed attack on the $31,000 level.7331
After setting the record for having the largest initial coin offering in history, the EOS network suffered various setbacks, including fines and allegations of market manipulation.2794
BTC and stocks look to rally after US lawmakers potentially reach a deal on the debt ceiling.10563
EOS Network Foundation CEO Yves La Rose said that this new development represents the firm's commitment to building a multi-chain future.7717
BTC, ETH, MATIC, HBAR and EOS are likely to pick up momentum if they cross above their respective overhead resistance levels.12173
BTC price is attempting to stage a recovery, while EOS, STX, IMX and MKR are beginning to flash bullish signals.4482
Despite the downbeat market, blockchain-based tech — from the internet of things to the metaverse — is primed to represent trillions in new value by 2030.9970
The Federal Reserve is set to raise interest rates this week. Here’s why traders expect a 0.75% hike to trigger a crypto market rally.19102
If BTC bounces from its key underlying support, ADA, ATOM, FIL and EOS could break out.16378
Bitcoin, BNB, EOS, QNT and CHZ are flashing bullish technical analysis setups which could lure buyers if the wider market enters a relief rally this week.37919
EOS attempts to become a fully decentralized network following a key hard fork in September.10915
If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength.12947