The challenges faced by Terra, Wonderland and a handful of other DeFi projects exposed the need for investors to do more research and avoid cult personalities.
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.
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.14793
What are the limitations that are preventing mainstream adoption and what is the current DApp landscape?7499
ENF founder Yves La Rose says that they are planning “to seek $4.1B in damages” against the EOS creators.4997
TLOS rallied 229% off its January low after new partnerships and the launch of several NFT and DeFi applications caught investors’ attention.6978
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.5385
Not all digital assets have made positive price movements during the 2021 bull run.38208
It appears EOS holders are extremely dissatisfied with the direction the network has headed.7854
On paper, EOS has great fundamentals, but derivatives markets suggest traders don’t feel the same about the altcoin’s price potential.14870
RGT, POLY and TLOS secure double-digit gains as investor sentiment rises after the Fed says it will not ban cryptocurrencies and Bitcoin briefly reclaims $44,000.10374
New research asserts that EOS and ETH were wash-traded on exchanges to manipulate prices during EOS’ multi-billion-dollar ICO.15103
Retail traders have turned their backs on EOS, but derivatives data shows pro traders are maintaining a bullish perspective for the short term.13498
Data from Cointelegraph Markets Pro shows SNX, AXS and EOS as the strongest 24-hour gainers as the bullish momentum in DeFi and NFT tokens continues to build.13414
With legal troubles seemingly behind the company, Block.one could set its sights on finally making a significant dent in the crypto and blockchain space.9163
MATIC, EOS, XMR and AAVE could rally higher over the coming days if Bitcoin price can sustain within the $30,000 to $33,000 support zone.80832