New data from the Chinese CCID Research Institute is in the EOS coin news, showing that EOS remains on the top of the rankings. For those of you who don’t follow, the list gives each blockchain project a separate score based on its technology, applicability as well as creativity. The new list currently features 35 coins.
The news do not come as a surprise. EOS is the ultimate leader in the CCID rankings with 151.8 points. What’s noticeable is the small decline where the coin experienced a slight fall compared to the previous reports where we could see it scoring 153.1.
As reported by U.Today, EOS remains at the top but was also the best cryptocurrency by Weiss Crypto Ratings, which provoked a massive spike in the price of the token. Meanwhile, the Ethereum news show that ETH is now closely followed by Tron (TRX) – possibly because of the recent rise. Ethereum got 141.0 points and Tron has 135.8 points respectively. The second biggest coin by market cap is currently below TRX in each department. However, the difference is only 0.9 points.
With a quite different perspective than others, the CCID use an obscure methodology which is not entirely in line with other agencies. This made the ratings pretty much irrelevant. However, the latest news about China and the president Xi Jinping embracing blockchain and cryptocurrency led to a massive surge of Chinese coins – with TRON’s TRX gaining 25% overnight.
Things are completely changing for altcoins from China right now. EOS remains on top of the list but TRX could surge in the near future as well. What’s important is the fact that China made it clear that it wants to be a dominant leader in the blockchain industry – even though Bitcoin is banned in the communist country.
On another level, analysts note that China has ignited another altcoin season (altseason) throughout the weekend which has been one of the best in recent history in terms of the overall crypto asset performance.
Now that BTC retraced in the four-digit zone again, there is a calm before another possible storm. Chinese crypto assets are now leading the way and EOS remains on the top of the CCID rankings while Tron’s TRX token is leading the latest news on altcoin today with a 25% boost.
EOS Starts Developing New Network Resource ‘’DISK’’
“From what I see it’s not about file-storage. It’s about cheaper, but slower on-chain, in-contract-storage for computational tasks and not the storage of large files… Putting hashes on chain makes sense and probably that is [more] affordable with DISK than with RAM.”The DISK feature did go quite unnoticed until now and Meyer explained that it was added a few months ago but only gained popularity now. He also suggested that the feature will be added to EOSIO’s software before getting to EOS itself. The EOS critics called for improvements on the blockchain’s scalability issues since EOS uses a resource model to limit transactions which means that EOS dapps will have to pay resources such as CPU, RAM and NET which will allow each dapp to reserve bandwidth for the transactions. EOS suffered from overload multiple times and tis resource prices have surged. A few DApps last November migrated to new blockchains to try and avoid the problem and Block.one the parent company of EOS is planning to launch the social network Voice as a fork of EOS. Complaints about the scalability have decreased but EOS suffered from similar issues in the past. By simply offloading some data to a separate resource will reduce the costs that Dapp developers have to pay. Other features also reduce costs and the EOS resource exchange or REX can help the developers to afford the resources they actually need. There are a few file storage systems that already exist on the EOS. Cryptolions introduced a system called Prometheus where anyone can upload files to. Telos is another option which operates as a separate blockchain that runs on the EOSIO software which also develops an IPFS-based storage platform called DSTOR.
Fake EOS Authority Emerged On Telegram: Report
“This is a scam account that walks you through the process of giving up your private keys and you will lose access to your accounts,” he noted in the post.While the cryptocurrency industry is not a stranger to scams, these kinds of Telegram bots look like they are new. There is at this time shortage of information on the number of users that were scammed or for how long this scam was operated on the messaging application. Giving your private keys to your cryptocurrency address is dangerous and will probably result in getting your funds stolen.
EOS And Cardano Form Golden Cross, Further Increase Ahead
DeFi Upward Momentum Led By EOS REX, Maker And Chainlink
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