Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.
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 holds a reported 140,000 BTC which is worth around double the EOS market cap. Does that make EOS a buy?11526
Altcoins rallied strongly over the past week, but Bitcoin’s current consolidation could be a sign that the trend may reverse soon.50450
In a short blog post on EOS social media platform Voice, Larimer hinted at future social media development19432
2020 may have been filled with challenges, but Bitcoin, stablecoins and DeFi protocols are the clear top performing crypto assets for the year.20277
Most major DeFi tokens will be available for trading on Eos.9406
Analysts state that blockchain hacks should remain on the decline.4406
Major cloud service providers are showing increased interest in joining blockchain networks.14363
"I have seen this movie before," said the ex-banker with reference to DeFi.9087
They've also brought in a Goldman Sachs veteran to lead Block One's advisory board.12069
Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels.32897
Bitcoin and altcoins are holding key support levels, suggesting bulls will try to break above overhead resistance levels soon.25027
EOSIO explorer Bloks.io now belongs to another firm.5792
A review of the public beta of blockchain property trading game Upland, following the launch of its second city, adding New York to the previous real estate in San Francisco.6148
Bitcoin and the altcoins continue to correct but lower levels are likely to attract buyers as the bullish macro trend has not changed.33413