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.
eToro Subsidiary eToroX Now Lists EOS On Exchange
“We believe that we can leverage blockchain technology to open up financial markets. The flexibility, scalability, and secure processing capabilities of the EOSIO protocol significantly help the push towards mass adoption, which is an integral part of our ethos. We are extremely excited to add an EOSIO-based crypto asset to our secure and regulated exchange. The launch of yet another blockchain protocol shows how the eToroX Exchange is continuing to grow and expand into a significant presence in the cryptosphere.”EOSIO software powers the EOS smart contract platform and the entire decentralized operating system. The EOS token provides both storages on the blockchain and bandwidth enabling ownership that is proportional to the total stake plus the owner participation in the on-chain governance of the blockchain. The exchange, on the other hand, is consistently identifying new and important technological advancements and the robust EOS offering is now a testament to the support for open source innovation.The CEO and co-founder of eToro Yoni Assia commented:“EOS is one of the foremost projects in the world of Blockchain. By adding the EOS token as a base/counter currency for trading pairs on the eToroX crypto Exchange, we are enhancing and strengthening our well-established connection with EOS.”Over the past few months, eTorox continues its goal of providing access to the world of crypto trading to more people and it will also launch more new crypto assets and stablecoins and announce further trading pairs where more currencies are pegged to fiat counter currencies.
Dan Larimer Has New Plans To Reduce EOS Network Congestion
Ubisoft Partners With EOS-Based Gaming Platform Ultra
"Ubisoft is a well-established and respected game company; having their support running the Ultra blockchain and testing its functionalities increases even further the legitimacy of our network, boosting the confidence of the other large game publishers to distribute their games on Ultra. Their involvement is also a validation from the games industry that blockchain is now an important part of the ecosystem."The French video game manufacturer has shown significant interest around blockchain tech lately - and is again featured in the blockchain news.Before this, we saw the Entrepreneurs Lab program which provided studio space and support to numerous startups in the blockchain arena. Both Ubisoft and Ultra were members of the Blockchain Game Alliance, which was founded in September 2018.
"Our team at the Strategic Innovation Lab strongly believes that all blockchain use cases that bring value to players are important to support, and Ultra offers a solution that does just that,” commented the blockchain initiative director Nicolas Pouard following the news that Ubisoft partners with Ultra.“During this first trial period of collaboration, we hope to help them in bringing it to a larger scale and experiment with the possibilities this opens up for the industry,” he concluded.
EOS Block Creator EOSHenzen Makes Profit From Sock Puppets
“When threatened with removal, these sockpuppet Block Producer accounts created … perfunctory, superficial websites (within 1 day) to ‘conform to standards’ in order to avoid removal. Same site design. Same title font. Same non-existent information. They’re the same BP.”Before this, AlohaEOS and other producers wanted to remove the six accounts on the grounds that they don’t have a website or means of contact. Also, in order to be compliant with the part of the bock producer agreement, the accounts registered a few websites that were registered to the EOS block creator EOSHenzen. The alleged accounts of the block creator didn’t attract enough votes to become the top 21 or active block producers. They have no power but they also collect financial rewards up to $300 of EOS per account each day.EOS’s constitution and block producer Agreement does not forbid the block producers from creating multiple accounts but it seems that by doing this, they will abuse the entire system. Given that the block producers are keeping their stance, it is possible that a future vote will be held to remove the sockpuppet accounts. EOS New York has also alleged that the crypto exchange platform Bithumb is responsible for funding the voting proxy that will support the six accounts. Bithumb was only voting for block producers since June but EOS New York was not available for comment on why their linked transaction is out of order.Some of the EOS users are advocating for a permanent change to the EOS voting system with one token, one vote system that will ensure that voting for a single block producer will carry more weight than voting for multiple block producers and this will discourage sockpuppets in the future. There is another option as well. Block.one, the company behind EOS, announced the plans to vote for block producers since it holds 9.5% of the EOS supply which gives it a small but significant amount of power.
Waltonchain CEO Is Stepping Down From His Role At The Company
3Commas Is The First Official Binance Broker Partner
Ex-Morgan Stanley Devs Create High-Speed Crypto Derivatives Exchange
Hong Kong Collaborates With Thailand For Cross Border Token Projects
Poloniex Defends New Tron Partnership Reacting To Digibyte Comments
Singapore Government Blockchain Platform Helps Raise New $15.7M
Alibaba And Credits Leading The Chinese Blockchain Market
Stolen ETH From Upbit Is Moving To Unknown Wallets
Litecoin Wash Trading: 93% Of All LTC Traded In One Day
ETH Devs Decide To Delay Difficulty Bomb By Increasing Inflation
China Declares Bitcoin As Property! Central Banks Prefer Crypto? SONY “Contactless” Hardware Wallet
JPMorgan Predicts A 60% Recession, Is Crypto The Best Chance Now? | [Bitcoin News // Crypto News]
Ethereum Sees Record Number of Shorts! NEM Blockchain Hub | Samsung Blockchain Supply Logistics
Crypto Jobs Up 300%! Lost BTC 20% Rate of Recovery | Only 45% of Exchanges Meet Security Standards
DC Forecasts Proudly Backed The Global Disruptive Blockchain Innovation Summit
Join us on Facebook
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
- Bitcoin News6 days ago
American Arrested For Presenting Crypto And Blockchain In North Korea
- Ethereum News6 days ago
ETH Researcher Arrested For Holding Crypto Presentations In North Korea
- Ethereum News5 days ago
Ethereum Is At Potentially Significant Turning Point
- Blockchain News6 days ago
Digitex Futures Launched Public Beta For New Zero-Fee Platform
- Blockchain News5 days ago
Microsoft Will Turn Retro Gamebook Into A Blockchain Card Game
- Bitcoin News6 days ago
Quitting Crypto Now Is Like Selling Amazon Stock In 2003: Analyst
- Blockchain News6 days ago
BAKKT Futures Exchange CEO Considers The Senate Seat Position
- Ethereum News5 days ago
Ethereum 2.0 Upgrade Could Bring Back The Staking Enthusiasm