YFI, EOS and REV notched double-digit rallies as altcoins capitalized on the oversold bounce in Bitcoin and Ethereum price.
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.
Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark.54130
The EOS-based Bullish Global crypto exchange platform is expected to go live later in the year.25898
EOS is the latest large-cap altcoin to experience a massive price surge in the last few days as alt season gains momentum.39495
EOS, LTC, ETC and ETH are just a few of the altcoins that chased after new multi-year highs as layer-1 projects saw an increase in trading volume.48798
A proposal to boost staking rewards and increase the inflation rate triggered a 100% rally in EOS price.34056
The bulls are trying to stabilize Bitcoin price and if they succeed, VET, SOL, EOS and FTT could quickly bounce back to their local highs.80900
EOS price hit its highest level since 2018 after protocol upgrades and big-name collaborations attract institutional investors.51639
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.70769
Previously dormant altcoins are suddenly erupting, and it's not very clear why.54667
Ultra gains momentum as the popularity of NFTs and cross-chain interoperability help propel the UOS token to new highs.31569
The former founder of Steemit and Block.one is tackling social media once more.6208
Bitcoin is facing minor resistance near $50,000 but if this psychological barrier is crossed, a major breakout could occur in select altcoins.91505
Block.one holds a reported 140,000 BTC which is worth around double the EOS market cap. Does that make EOS a buy?12533
Altcoins rallied strongly over the past week, but Bitcoin’s current consolidation could be a sign that the trend may reverse soon.51148