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EOS Skyrockets By 30% In 24 Hours: How Far Can This Altcoin Go?

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The Enterprise Operating System, known as the cryptocurrency EOS, is in the latest crypto news because of its huge increase which made the coin push more than double compared to the growth of Bitcoin in only a few days.

The base token EOS had been pushing the $3 mark while Bitcoin was trading in the $4,600 range. However, when BTC broke upwards and went above $3,750, EOS went along with it and followed the rise.

As the one-day charts show, EOS is far above the $3 mark and is resting comfortably at $3.62 at press time, demonstrating an even higher surge than the one the altcoin did yesterday. When it comes to the total markets, EOS gained more than 35% in the 5-day period, increasing its price by more than a third.

The total market cap of EOS is still a net loss from the amount raised for its ICO ($4 billion). The market cap right now is coming closer to the ICO amount and sits at $3.28 billion. EOS doesn’t have far to go in this manner – all it needs is another $1 rise and it is even with the ICO prices.

What’s interesting is that of all the smart contract platforms, EOS has some of the highest usages. For all of this, it is hard not to note that EOS is taking some time to pick up real steam when it comes to widespread notoriety.

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EOS News

Dapp Users On EOS Drop By 80% According To Latest Report

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Dapp users on EOS drop by more than 80 percent according to the latest market report by Dapp.com where we can see that the number of daily decentralized applications keeps on crashing so let’s find out more in today’s EOS news.EOS is still the 6th largest smart contract platforms and the reports show a total of 1,445 new dapps launched last year. 690 of these were Ethereum-based and about 411 were built on Tron. These platforms have also started to pull further ahead in terms of user numbers thus forming a huge gap between themselves and EOS. According to the report, EOS was the blockchain with the largest number of daily active users and there are about 80,000 users using dapps on EOS every day. Once EIDOS was launched, EOS’s DAU dropped dramatically to an average of 15,363 which is about 80 percent decrease.This was made worse by the fact that the daily active EOS dapps dropped by as much as 30 percent since November 2019. This happened mainly because of the fact that a number of EOS’s leading dapps such as Karma and EOSBet, left the blockchain to join Wax’s platform instead. What is even more interesting, EOS generated a volume of about $5 billion and this comprised nearly 50 percent of the total value reaching a top position in 2019. EOS had the largest proportion of active dApps in 2019 while Ethereum had the lowest proportion of active Dapps at about 62 percent and some of this can be accounted for the dapps which have fallen out of usage.The number of active dapps users last year is 3.11 million and back in 2018 was 1.48 million. This is over the double number of dapps users of 2.77 million of these were the new users in 2019. 348,000 are now active users who were active in 2018. The Dapps landscape of today is much more different from that in 2018 and had an increase in active dapps across the globe which one can assume that the users of today have several more compelling reasons to keep ongoing. One of these reasons is because of the growth in Decentralized Finance dapps so by excluding decentralized exchanges, the number of dapp users has grown by 610% and the transaction volume increased by 251 percent.
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EOS News

Block.One Won’t Launch A Social Network On EOS

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In June, Block.One announced a Facebook-challenging social network running on the EOS mainnet. Then, the EOS news showed that the company behind the largest initial coin offering (ICO) in history is ready to make a leap forward. However, the latest reports now indicate that Block.One won't launch the social network dubbed 'Voice' and one which would defeat bots by verifying the identity of every single account.It all started when the company went silent about Voice for months after the summer announcement. However, in December, it revealed a launch date for Voice set for February 14. While the announcement came with additional details such as frequently asked questions (FAQ) on Voice and the website revealed more details about running on the EOSIO software, everything calmed for some period. The FAQ page on Block.One and its Voice social media network reads:
"While Voice is in beta and a highly iterative state, it will be run on a purpose-made EOSIO blockchain. In time, we would like Voice to leverage the EOS Public Blockchain, and potentially others that can meet the performance and governance demands of Voice."
Block.One was committed to the plans around Voice . However, this has been up to recently when Sharif Bouktila, the CEO of EOS Dublin (who also served as block producer on EOS and other EOSIO blockchains) was in the cryptocurrency news for telling the media that he remains bullish on EOS despite the uncertainty around the Voice project.One of the possible explanations for the halt is the doubt about whether the EOS blockchain is run by companies which prioritize technology over speculative profits. According to some analysts including Aaron Cox of Greymass (which runs a backup block producer for EOS), there is competition for resources on EOS and Block.One won't launch Voice because of many distractions.
"Those who invested in EOS because they heard Voice was coming to it are probably the ones who are most disappointed that it won't immediately [run on the mainnet]– but I think most who are involved in the tech side of things accept that this path forward makes some sense," Cox told the media.
Still, there is no guarantee that Voice will ever run on anyone's chain but Block.One's. The cards are on the table and as you know if you follow the crypto world, everything may change soon.
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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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EOS News

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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