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Block.One Firm Officially Releases EOS 2.0 Software Update

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The Blockchain development Block.One firm has just released EOS.io 2.0 which the software responsible for the functioning of the EOS Blockchain. In our EOS news today, we read more about the update and what can it do for the platform.

In the released announcement on Twitter on January 10, Block.One claimed that the update makes the blockchain ‘’simpler, faster, and even more secure.’’ The official blog post explained that the new software includes a purpose-built WebAssembly engine where the EOS smart contracts are run. According to the official website, WASM is an instruction format that is designed for deployment on the web and servers. The new update is expected to improve the performance of the small contract execution given that it is now about 16 times faster than the engine used in the previous version.

This new update will also introduce WebAuthn support and according to the website, this support is a web authentication standard based around the public key cryptography and further down the explanation you can read about how EOS developers can use it:

 “With this release of WebAuthn support for EOSIO, developers can begin testing transaction signing with WebAuthn in their EOSIO applications.”

However, there is no set date for adoption of the update as the Block.One firm also claimed that it will significantly improve the network code of the blockchain by simply adding multithreading support to it. This kind of support is the ability of a central processing unit to execute the multiple threads of execution at the same tie. The Multithredign support could improve the performance in block propagation, processing, and transaction along with a block and transaction packing and unpacking:

 “By isolating these processes we have seen significant improvements in transaction processing and block processing performance on multi-producer EOSIO networks.”

Furthermore, the update is also released alongside the dedicated and integrated development environment that could speed up the entire developer onboarding. This is the second announcement that came from this company which could have a major influence on the EOS ecosystem. Block.One also proposed a major change to the entire resource allocation system of the network that could require the users to rent network resources instead of buying them.

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Tron Surpassed EOS In Number Of Active Dapps, Ethereum Remains First

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When the subject is the mainstream adoption of crypto and blockchain-based technology, one of the know ways to it is decentralized applications (DApps). It now seems that Tron surpassed EOS in the number of active dapps as we are reading in today’s Tron news.According to a new report, 2019 has experienced a big number of new DApps launching. More intriguingly is that TRON has succeeded in elevating to the position of the second most used platform for developers, surpassing EOS. But Ethereum remains the undisputed champion in the league.A new report from DAppReview gives a new perspective on the state of DApps in 2019 and also a recapitulation on the subject of market evolution. In the previous year, there were 1,955 new DApps launched which brought their number above 4,000. It is intricating also that the decentralized content-sharing platform founded by Justin Sun, TRON surpassed EOS  by elevating itself to the second-largest blockchain in relation to DApp development.TRON had a hard time to surpass EOS, barley making it, with 637 DApps. But it is also interesting to note that the volume of transacted US dollars on the EOS network still remains vastly higher in comparison with that of TRON. The volume of transacted USD on EOS was 6.1 billion and the volume of transacted USD on TRON was 4.4 billion.The report also gives important data about the wholesome state of the market. The “Big Three” platforms in the DApp sphere, Ethereum, TRON, and EOS made 98.65% of the whole transaction volume in the previous year. Said differently, the remaining platforms have an irrelevant size of transaction volume which is proof for the established dominance in the sector.The previous year also experienced the breakthrough of innovations like Decentralized Finance (DeFi), Non-Fungible Tokens(NFTs) and blockchain-based games. Besides all of the aforementioned, there is one thing that remains the same and is unchanged at all. Ethereum is still the first platform in the decentralized app development and it looks like this will not be changed in the near future.Whatsoever, the team that leads the network is working on developing a solution for the issue of scalability with the transition from the now used Proof-of-Work consensus algorithm to Proof-of-Stake. It is thought-provoking to observe how this will impact the already existing challenges when it is finished.
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EOSIO Proposal Would Prevent Users From Buying Blockchain Resources

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The firm behind the EOS blockchain and token, EOSIO, proposed a major change to the network and its resource allocation system which would require users to rent network resources. As a blog post outlined, the EOSIO proposal wants to avoid network congestion caused by the inability to employ unused Central Processing Unit (CPU) time and bandwidth.According to the blog post posted by EOSIO, the network now suffers from a poorly designed resource allocation system that allows most of its resources to go unused despite significant demand, precluding the network from operating at full.During an outage like this, REX was managing around 30% of the network and its resources. When it ran out of them, “only a small percentage of the remaining 70% of the network’s resources were actually being utilized, evidenced by the fact that less than half of the blockchain’s total capacity was being used."This is why the EOSIO proposal wants to change the REX system. As the EOS news featured and outlined it:
“Under the new proposed system, a user will pay a resource rental fee via a smart contract to be granted 30 days worth of CPU/NET from the total supply. After 30 days the rental must be renewed and pricing is automatically adjusted using a market based mechanism, based on changes in supply and demand for CPU/NET resources.”
A new staking model would let users be able to stake EOS tokens in the new system. However, instead of obtaining CPU/NET resources, they would be compensated with fees from the EOS name auctions, RAM fees and proceeds from CPU/NET rentals.
“The objective of proposing a transition from a resource entitlement model to a leasing or rental model is to remove the influence of speculative markets over resource pricing. Introducing a rental market with pricing based on overall resource utilization will make resource allocation more predictable and reliable for the community,” the post featured in the altcoin news also explains.
The EOSIO proposal also shows that the resource's price is based on their supply available out of the total. The less CPU/NET available, the higher the price. This transition would be gradual and more resources would be progressively shifted from the old REX implementation to the rental system over time.
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Crypto.com Payments Platform Adds Support For EOS

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Crypto.com, the popular payments platform has finally added EOS Support for its products in order to bring its vision to life for delivering cryptocurrency in every wallet as we read more in the EOS coin news.Crypto.com says that they were determined to make purchasing, sending, paying and selling but also earning and tracking cryptocurrencies easier for the users. According to the executives of the company, the platform is also boosting the utility of the EOS token by integrating the cryptocurrency into a few of the new flagship services. The world’s seventh-largest cryptocurrency is now getting support by Crypto Earn which is a tool that allows its users to receive interest on their coins and tokens. The savers can deposit their crypto for one or three months or choose a more flexible arrangement.EOS is now supported by Crypto.com and its MCO Visa Card which gives consumers the freedom to digital assets in their everyday life. The card can also be used anywhere including shops, restaurants, and hotels that accept Visa worldwide unlocking more than 50 million possibilities. The users now have the choice of seven different cryptocurrencies to top their cards including BTC, LTC, ETH, XRP, and PAX. To start with, the users in 38 US States will be able to top up with EOS including Virginia, Texas, and Ohio.Crypto.com also launched the exchange and crypto fundraising platform named ‘’the syndicate’’ and now EOS will be listed on Exchange with the help of the Syndicate and there is an EOS sale on the platform as a promotion. The CEO of the company said that this was a very important year for the company since the user base has grown larger during this year. He stated:
 “If 2019 was good, 2020 shapes up to be the best year ever for Crypto.com. We are now positioned to capture this opportunity and I think we've never been in a better position to do so.’’
The company also launched the crypto exchange to the public following the period in private beta so arranging a third party helped the platform go-live including ‘’thorough external security test and full threat modeling exercise to ensure the completeness of security controls.’’
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EOS.IO ‘’Voice’’ Social Network Has An Official Launch Date

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The parent company of EOSIO, Block.one, published launch date for their new social network Voice. Beta version of Voice the firm plans to launch on February 14th, 2020. The publication also implies that over the past few months “tens of thousands” of users were signed up for the new social network. Let’s find out more about the EOS news today.Voice has, in addition, published a new FAQ page that states the direction of the project. Expectedly, Voice following other blockchain-based social networks will implement a cryptocurrency reward system and will make an attempt to reinvent content models. Voice was originally unveiled in June of 2019, however, this is the first time that significant information is published by the project.Voice will distribute crypto to its users regularly with the users that publish popular content will be rewarded with extra coins. This will provide an opportunity for Voce’s users to have their “voice” heard, crypto holders could bid on comment space, the comments of the ones that have the will to spend the biggest chunk of crypto will be shown first.It is unknown if the monetary value will be a property of Voice tokens, or whether users will have the opportunity to exchange tokens on the open market for EOSIO. Whatsoever, Voice gives the suggestion that in future it will introduce further use:
“Voice Tokens are conceived as the gateway to all forms of promotion and advertising on the platform.”
Voice will not be an anonymous platform but a transparent one. It will ask users to identify themselves in order to publish content, thus eliminating fake accounts, catfishing, and bots.
“By allowing users to see who and how much is behind promoted content, it makes promotion more engaging and less manipulative,” Block.one states.
Voice will compete with few crypto reward systems. Steemit, created by EOS founder Dan Larimer, is a certain forerunner of Voice. Brave, Coil, and Minds all share certain similarities- the crypto reward system- with Voice. Libra is another platform that could be compared although it is not a reward token, it will be a part of the famous Facebook social network, the Empire of Mark Zuckerberg.
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