Category: EOS
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How Blockchain Has Impacted the Gambling Industry
While reports on the impact of blockchain seem to focus mostly on cryptocurrencies, the technology is affecting industries across the board, with gambling being the one that benefits the most from secure ledgers. The application of blockchain technology benefits both the players and the providers, and ensures the results of their bets are generated fairly…
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November Volume Rankings: Bearish Momentum Drives Surge in Trade
The significant bearish momentum experienced across cryptocurrencies throughout November drove a significant increase in monthly trade volume among the leading markets. Also Read: Japan Unveils Plans to Regulate Initial Coin Offerings BTC Posts Strongest Volume Since May According to Coinmarketcap, BTC saw an increase in monthly trade activity of 43 percent in November. Nearly $156.5 billion…
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China Revises Crypto Ranking — BTC Upgraded
China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations China’s Crypto Ranking Update China’s Center…
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Markets Update: Cryptocurrencies Continue to Suffer From Deep Losses
It’s been a tough week for cryptocurrency holders, as the top 10 virtual currencies by market capitalization have lost 30% to 60% of their value over the past seven days. Prices this low have not been seen since the spring of 2017 and at the moment the entire economy of all 2000+ coins has a…
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Blockchain Developers on Spree of Releases during Market Downturn, Says CZ
The market’s imploding capitalization seems to have sparked an industry-wide battle cry to build and bring to fruition blockchain’s unrealized potential. And as Binance’s defiantly cheery CEO Changpeng “CZ” Zhao pointed out, it seems that developers have answered the call. The ubiquitous executive and Twitter personality highlighted in a tweet, Nov. 20, that a number…
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Report: Censorship-Prone EOS ‘Needs to Re-Architect Its Infrastructure’
EOS, the $4 billion blockchain project developed by Dan Larimer, has been savaged in an exhaustive new review. The 17,000-word report, based on extensive laboratory testing, concludes that EOS’s real-world throughput isn’t much better than Ethereum’s and that its consensus algorithm doesn’t function properly. “In order to succeed as a base layer protocol, EOS needs…
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How Cartels May Control EOS and Fundamentally Threaten its Survival
There is evidence that a small group of block producers (miners) control the entire EOS network. These block producers have the power to censor transactions, blacklist individuals, and ensure they remain in power. If these block producers are colluding, then that group can control the EOS protocol to their whim. These allegations are in culmination…
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Fake EOS Wallet Found Stealing User Funds
A fake EOS wallet app on the Google Play store has been stealing cryptocurrency. EOS developers took to Twitter Thursday morning to warn the community. A Reasonable Facsimile EOS RIO is an independent software firm based in Rio de Janeiro. The group is designated as one of the 21 ‘Block Producers’ for EOS, one of…
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Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork
Since our last markets update five days ago, a lot has changed as a good chunk of the top cryptocurrency markets have dipped in value over the last three and a half days. Bitcoin cash markets touched a high of $638 on Wednesday, Nov. 7, but now prices are hovering around $544 per BCH on…