The EOS blockchain project, which is known as one of the most highly potential blockchain projects out there, seems to be working under full steam lately. As of recently, the project announced the onboarding of new users by reducing the cost of opening accounts.
In other words, EOS New York, which is one of the network’s 21 block producers, announced that 15 block producers had approved a new protocol update which will reduce the cost of a new account from 3 kibibytes (KiB) to 3 kibibytes (KiB) accordingly – which converts to $1.84.
The change will also grant new accounts 1,400 bytes of RAM for free, even though the existing accounts can buy, delegate or un-delegate their RAM to receive 1,400 bytes for free. The accounts on the EOS blockchain are very important and vital for transferring tokens or launching transactions within the network.
According to the post, creating new accounts is something that is very important for the platform which is why they are changing it in the early adopting phase, stating:
“EOS account creation cost is an extremely important aspect of the health of the platform. Many users of EOS decentralized applications are early adopters, people who are eager and willing to spend the time to understand the EOS blockchain. But in the future, users will not be as eager.”
The post concluded with a note on the importance of hiring new dApp developers as the best way to create users’ accounts or otherwise force users themselves to pay to create accounts. This would lower the cost and “dramatically reduce the barriers in development” as the company said.
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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- Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
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