The value of EOS has surged by more than 21% only today – after the team of developers behind the altcoin decided to launch a voting system which totaled the token’s 7-day gains to almost 55%.
The EOS/USD was first trading near 5.3-fiat at the beginning of the Asian trading session, after which it continued to trend upwards as the session matured. The European session, on the other hand, witnessed a favorable buying sentiment and the EOS/USD trading pair managed to rise to 6.5-fiat.
However, many people claim that speculations apparently drove the price of EOS up – after taking cues from the blockchain project’s decision to launch the long-awaited referendum system. Right now, the EOS blockchain has an account with $35 million worth of tokens in it – which can only be allocated for the development of the EOS blockchain, as the rulebook says.
The EOS referendum system is one step forward in the direction of building a democratic decision-making process. Even though there are people who are not happy about the proposal (fearing the one-token-one-vote system and its speculative nature), the announcement has proven bullish to the EOS token value.
All in all, this surge has been crucial for EOS’ future and the future of its blockchain system – coming at the right time, as developers summed it up.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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