Posted on

EOS Platform Updated with 35% Increase in Transaction Speed

CoinSpeaker
EOS Platform Updated with 35% Increase in Transaction Speed

EOS blockchain was introduced in 2017 as a network for the development of decentralized applications. Recently it has revealed the release of EOSIO and EOSIO.CDT upgrade that will bring a row of advancements including a higher speed of the blockchain transactions.

EOSIO version 1.6.0

The team has finished their work on the updates of the EOSIO software and is ready to present them. According to the official announcement published by the company, the efficiency of the peer-to-peer networking layer will be significantly improved. Moreover, the developers have managed to enhance the overall transaction speed.

In general, it’s worth mentioning that these improvements are fully compliant with the company’s goal to increase the efficiency of the EOSIO performance and to strengthen its position in the list of the fastest protocols presented on the market.

The company’s announcement reads:

“Our own internal benchmark tests show upwards of a 35% increase in likely transaction speed when using token-transfers-per-second as our base case.”

As it has been revealed by the company, the new result has been achieved following tests of the EOSIO software that was conducted on a private network. This private network has also shown a growth in the functioning of the network.  Though the benchmark still doesn’t reflect the results of the real-life usage, it has shown a significant increase in transaction speeds, decrease in time needed for the transaction and lower CPU costs.

EOSIO.CDT V1.5.0

The EOSIO Contract Development Toolkit (EOSIO.CDT) which represents itself a toolkit aimed at providing more efficient and streamlined development on EOSIO. It was announced in EOSIO V1.3.0 and since that time it has been offering added support for Gnu & C++ 11 style and facilitating the way for declaring associated data and smart contact structures in the process of building apps.

Alongside EOSIO V1.6.0, the EOSIO.CDT V1.5.0 is being upgraded as well. The latest version is primarily intended for enhancing the easiness of building and testing of EOSIO smart contract development.

The team has presented a new tool that is known as eosio-init. It is designed to help developers easily start the creation of smart contracts by generating a template project for developing smart contracts.

The company has also highlighted that the feedback from the community plays a crucial role for them. They want to listen to the real needs of developers and to provide them with the necessary and most appropriate solutions that could significantly facilitate the way they build their apps on the network.

EOS on Huobi DM

Another milestone for EOS Cointract is its recent joining Huobi Derivatives Market. As CoinSpeaker has already reported, the exchange added the EOS coin to its trading service on December 28. Such a new move is said to have a very positive impact on the expansion of the EOS market and  the coin’s trading volumes.

EOS Platform Updated with 35% Increase in Transaction Speed

Posted on

Crypto Year in Review: How EOS (EOS) Performed in 2018 and What Hides in 2019?

CoinSpeaker
Crypto Year in Review: How EOS (EOS) Performed in 2018 and What Hides in 2019?

As we already wrote, in December, EOS has surged over 25% to get the number 4 spot while surging above Stellar Lumens (XLM). However, at the time of writing it was on the 5th place, right behind Bitcoin Cash. At the press time, EOS is trading at a price of $2.7 with its market cap stands at $2.5 billion.

EOS Brings Year to an End Partnering With Huobi

Blockchain company Huobi DM has announced in Thursday that it has expanded its cryptocurrency contract trading services to include EOS.

Huobi Global CEO Livio Weng said:

“Along with that, we’re also seen a strong demand to expand Huobi DM to other coin types as well. Adding EOS contract service is part of our ongoing efforts to address customer demand. Users should expect to see Huobi DM expand service to additional digital assets over the course of 2019.”

At the current moment, EOS is included in the top-10 cryptocurrency list by market capitalization. Though some months ago, its price managed to exceed the mark of $6, the coin lost a serious part of its value and some weeks ago it was traded for just $1.74.

At the beginning of this month, the EOS blockchain protocol angered decentralization proponents. Specifically, Starteos, one of EOS’ officially sanctioned Block Producers (BPs), appeared to publically offer its token holders financial rewards in return for their votes.

Starteos’ vote-buying tendencies seem to fall in line with previous scandals centring around EOS.

In November, EOS investor Maple Leaf Capital pointed out that Starteos was launching a slot machine DApp, where users allegedly could set Starteos as a voting proxy to obtain in-game tokens. According to the original article describing the DApp, the rewards to the gamers would come directly from games.eos’s BP reward, which, in turn, is owned by Starteos.

The same month, however, EOS managed to replace Bitcoin Cash at the fourth position in the list of the major cryptocurrencies, but it was only for a short period of time. The largest share of the entire EOS trading volume is ensured by traders working on the OKEx exchange, Huobi occupies the fourth position in this list. Nevertheless, the recent Huobi’s initiative may significantly change the situation.

Just like XRP, EOS is often criticized for being centralized. In November, a screenshot was seen circulating on social media revealing a decentralized blockchain protocol EOS practicing authority over its network. Meanwhile, first stablecoin, CarbonUSD, was added to the EOS ecosystem.

Also in November, there was another huge scandal that hit the crypto world. There have been numerous reports of attempts made by hackers and fraudsters to steal personal and other important information that could lead to loss of funds. The latest attempt came through an EOS wallet.

The malicious app had been uploaded on Google Play Store before it was discovered and reported by a Brazilian developer company. Named SimplEOS, the app mimicked the wallets created by EOS Rio, the developer company.

It was discovered that the fake software was actually a malware tool grabbing users’ passwords and other account information to steal their crypto funds. The fact that cryptocurrency transactions are anonymous makes it hard to recover stolen funds in such schemes. While it is the greatest cornerstone of the decentralized systems, the anonymity part is one of the major factors impending the total acceptance and adoption of cryptocurrencies by the authorities around the world.

In early October, allegations arose accusing the platform’s major BPs — including Huobi — of “mutual voting” and “collusion.”

Essentially, an alleged leaked Huobi spreadsheet suggested that main EOS nodes were involved in mutual voting along with payoffs to remain in power of the EOS blockchain and keep their profits. Interestingly, Starteos was also listed in the document.

EOS protocol was also blamed for having an incomplete approach to governance. What really happened is that Block.one, the developer of blockchain protocol EOS, was accused of allowing voting manipulation on its network and participation in a collusion.

In September, investment platform Circle has listed EOS, Stellar, 0x and Qtum on its platform. The assets can be bought through the Circle Invest platform either individually or as part of a basket using the “Buy the Market” retail portfolio investment feature.

Also, one of the most popular decentralized applications on Ethereum, Bancor, decided to launch BancorX on EOS to offer fast and free trading.

In July, RoboForex, the Belize-based unit of the Retail FX brokerage group, has announced that it is adding EOS for trading with the broker on both MT4 and MT5 platforms.

Further, in June, another scandal occurred when EOS BPs overrode an ECAF decision and froze seven accounts associated with phishing scams after the arbitration body failed to promptly come up with a response. The ECAF later retroactively ordered the accounts frozen, but the BP conference call-based decision caused some to question EOS’ decentralized system, and to label the move as “power abuse.”

EOS Price in 2019

When you look at the platform itself, you will realize its scalability. It is easier for the companies to use this platform in order to create various applications. With the help of parallel execution, it becomes easy for the company to run multiple decentralized applications.

EOS has retained its spot in the latest ranking of public blockchain projects released by the Chinese government. EOS also has plans of introducing Asynchronous Byzantine fault tolerant (abFT) by 2019, where the irreversibility time gets improved allowing BPs to communicate directly instead of inferring from block headers. There are plans of creating Universal Resource Inheritance (URI), which would create the infrastructure for 4% inflation, as being stated in the whitepaper.

From world’s largest cryptocurrency exchange aggregator CoinSwitch.co they say that as the acceptance ratio becomes more, the value surges upward. EOS is more technologically advanced than Ethereum and Bitcoin, due to which its pace of growth is the highest compared to other cryptocurrencies.

Towards the beginning of the year, it will start on a positive note, then in March, it will decrease to half of what it was at the beginning of the year. It will take an upward rise in May and June, where EOS price will reach $9.79 by the end of May 2019. In December, it will take a long plunge upwards to $15.67.

Since many of the enterprises, companies, and developers are looking for such a decentralized blockchain-based platform, the future looks bright. Also, owing to the parallel execution, the scalability of the platform is huge. The same developer is able to run multiple applications that are similar to the blockchain-based platform. This, in turn, opens up doors for more and more decentralized applications as well.

Crypto Year in Review: How EOS (EOS) Performed in 2018 and What Hides in 2019?

Posted on

EOS Contract Joins Bitcoin and Ethereum on Huobi Derivative Market

CoinSpeaker
EOS Contract Joins Bitcoin and Ethereum on Huobi Derivative Market

This Christmas season is rich in different crypto news from numerous projects and it looks like they are doing their best to finish this controversial year for the crypto industry on good terms.

As it has been recently revealed, the Singapore-based cryptocurrency exchange Huobi’s derivatives wing, known as Huobi Derivative Market, is going to introduce an EOS contract.

EOS in 2018

According to the Huobi’s plans, the EOS coin will be added to the exchange’s trading service this Friday, on December 28. Such a move will contribute to the expansion of the EOS market and will definitely have a positive impact on the coin’s trading volumes.

This year has become a very significant one for EOS. In the summer, following EOS separation from Ethereum network and its ERC-20 token standard, EOS mainnet was launched. But just like XRP, EOS is often criticized for being centralized.

At the current moment, EOS is included in the top-10 cryptocurrency list by market capitalization. Though some months ago, its price managed to exceed the mark of $6, the coin lost a serious part of its value and some weeks ago it was traded for just $1.74.

In November, EOS managed to replace Bitcoin Cash at the fourth position in the list of the major cryptocurrencies, but at the press time the coin is the world’s fifth largest crypto by market cap and is traded for $2.54. Currently, EOS market cap is $2 298 249 041.

The largest share of the entire EOS trading volume is ensured by traders working on the OKEx exchange, Huobi occupies the fourth position in this list. Nevertheless, the recent Huobi’s initiative may significantly change the situation.

Huobi Derivative Market

Huobi Derivative Market was launched just about a month ago and was announced in the framework of the Cryptofrontiers conference in New York City on November 28. The main aim of the platform is to give users an opportunity to trade crypto contracts on various coins.

Originally, it was possible to work only with Bitcoin and Ethereum contracts but now it will be expanded to EOS as well. As it has been revealed, Huobi presented contracts on a weekly, bi-weekly and quarterly basis, at the same time it offered tools necessary for arbitration, speculation, and hedging. Moreover, it is known that Huobi DM has a good insurance fund that contains around 20,000 BTC.

Speaking about their initiative to create Huobi DM, Livio Weng, the CEO of Huobi Global, stated:

 “Sophisticated traders are increasingly looking for a broader range of tools, integrating Huobi DM with Huobi Global allows us to better serve those user’s needs by offering them our full range of trading services in one convenient place.”

Among the recent news received from the Huobi exchange, it’s also worth mentioning that under the unstable market conditions, the company is trying to optimize its business strategy and review its priorities. As a part of its optimization, it has taken a decision to reduce the number of its staff.

EOS Contract Joins Bitcoin and Ethereum on Huobi Derivative Market

Posted on

EOS Price Analysis: EOS/USD Trends of November 5-11, 2018

CoinSpeaker
EOS Price Analysis: EOS/USD Trends of November 5-11, 2018

Key Highlights:

  • EOS price may sink to the lows of $4.6;
  • consolidation is ongoing;
  • the support level of $5.2 may be broken.

EOS/USD Price Long-term Trend: Ranging

Resistance levels: $6.0, $6.6, $7.3
Support levels: $5.0, $4.6, $4.0EOS price is still ranging on the daily chart. The coin started sideways movement within the price range of $6.0 resistance level and $5.0 support level since September 24. It made an attempt to break out the support level of $5.0 with the formation of a strong bearish candle that indicate the pressure from the bears, the bulls return the EOS price into the bound range.

On October 15, the bulls also pushed the EOS price up to a resistance level of $6.6 before the bears rejected the uptrend movement. As long as the EOS price remains within the price range of $6.0 and $5.0 sideways movement continues until the bears or bulls gain enough momentum for the coin to rally.

EOS price will sink to the lows of $4.6 if the bears break down the support level of $5.2. On the upside, a bullish rally will ensure that the resistance level at $6.0 is broken, then, the price will rally to the $6.6 price level which is the upper resistance level of price.

It is illogical to place a trade when EOS price is still consolidating. Moreover, the Stochastic Oscillator period 14 is above 50 levels with the signal lines point to the north which indicates EOS price moving towards the north.

EOS/USD Price Medium-term Trend: Bullish

On the medium-term trend, EOS price is bullish. The cryptocurrency has broken the two exponential moving averages (EMAs) upside which acts as dynamic support and resistance. The EOS price is presently above the 21-day EMA and 50-day EMA with 21-day EMA crossed the 50-day EMA upside indicating that the price is in the uptrend movement and the bulls are in control of the market.

The bulls have gained enough pressure that is pushing EOS price up to the north and it can break the resistance level of $6.0. Before the coin can reach and break the support level of $5.2 the bears have to reject the present uptrend movement and increase their momentum. Nevertheless, the Stochastic Oscillator period 14 is above 60 levels with its signal lines pointing downward, which indicates the sell signal.

EOS Price Analysis: EOS/USD Trends of November 5-11, 2018

Posted on

EOS/USD Price Analysis: Trends of October 1–7, 2018

Key Highlights:

  • Formation of “Ascending triangle” pattern confirmed on the daily and 4H chart;
  • the price might go up this week;
  • traders should take a position with discipline.

EOS/USD Long-term Trend: Bullish

Resistance levels: $6.8, $9.4, $11.4
Support levels: $4.1, $2.0, $0.5The cryptocurrency has been trading within the range bound of resistance level of $6.8 and support level of $4.1 since August 18. Last week it formed “Ascending triangle” pattern on the daily chart within the channel when the strong bearish pressure was lost after a drop in the price towards the support level of $4.1 and the price closed higher. More pressure from the buyer pushed the price up and broke the dynamic resistance of 50- EMA. The price has kept increasing gradually on the daily charts. Last week was bullish. There is a possibility that price might go up this week in case of the price break out at the upper trend lines of the ascending triangle formed.

On the daily chart, the Stochastic Oscillator Period 14 is above the level 50, with its signal lines pointing towards north, which indicates there could be a bullish movement this week towards the resistance level of $6.8 immediately it breaks out from the ascending triangle. Nonetheless, there may be a downward movement towards the support level of $4.1 in case the bears increase their momentum.

EOS/USD Price Medium-term Trend: Bullish

EOS/USD is bullish on the medium-term outlook, due to the ascending triangle formed within the channel last week. The price has been moving upward with the formation of more bullish candles. As of this week, the price may move higher by break out at the upper trend line of the ascending triangle.

The 10-day EMA has crossed the 50-day EMA upward with the price above the 10-day EMA, confirming the uptrend. Should EOS price go up to the resistance level at $6.8 and produce a bullish pattern, then further upward movement could be anticipated. Traders are advised to be disciplined before taking a position.

The post EOS/USD Price Analysis: Trends of October 1–7, 2018 appeared first on CoinSpeaker.