2 June – the launch of the network EOS. What can go wrong?

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Almost a year has continued the ICO project, which attracted investments worth $2 billion. This is the largest amount collected by the team at stage of sale could not offer customers either IN or running platform – the only cryptocurrency.

Saturday is expected to long-awaited launch of the network project, and additional advertising it is clearly not needed. The run will start in 23 hours after the company Block.one will make the code available to all users. For the first time, you will use the consensus algorithm dPoS, in accordance with which 21 the network node will play the role of validators. The work of people who follow the validators will be rewarded by the EOS token (similar to miners). This scheme has caused much controversy, in particular the Creator of the aether acne Buterin said: “This system is easy to manipulate. In a small company is easy to form a cartel.”

The possible “pain points”:

  • The voting process for validators – a sore point in the project, the system will start confusion. People who know programming will be able to vote via the command-line interface, and less experienced users will have to wait for launch appropriate applications.
  • Vulnerabilities in the code. Chinese company Qihoo 360 last week have already found vulnerabilities in the Protocol that may play into the hands of cyber criminals. Developers EOS to correct them, and the technical project Director Daniel Larimer was offered $10 000 to those who will be able to find major bugs. However, experts believe that within 1-2 weeks will be the discovery of new vulnerabilities, noting that it is inevitable for a system of this scale.
  • Create “clones” of the network or hardforum for the purpose of fraud. The produced software will be open source, and the keys EOS are the same in all networks. A simple token owners just confused which of the networks present.
  • EOS developers continue to sell Ethereum

    To run the core network remain a matter of hours, and the project team continues to cash in tokens Ethereum. Evidence that EOS sent another $120 million for the Bitfinex team found in a public blockchain Ethereum. By all means address of krautsalat transferred to the address with a mark “the Owner of EOS”, there are still 737 000 tokens of ether.

    According to analysts, over the last 2 weeks the team EOS brought 1.75 million ETH. The last transaction sent a few hours ago. EOS has repeatedly accused of deliberately crash course Ethereum, as the developers simultaneously sold on exchanges large amounts. Recall that this project is considered a competitor to Ethereum, so everyone is looking forward to the launch of the network.

    Previously on this topic in the news:

    28.05.2018: which cryptocurrency to invest in the near future?

    Cryptocurrency market is active movement not happy, but capturadora has identified a list of assets which may soon rise significantly. TOP 4 cryptocurrencies in which to invest in June.

    Alleged leaders June:

  • ZClassic (ZCL). Cryptocurrency was formed as a result of hard forks 2016. It combines the advantages zcash for and Bitcoin. Works on the PoW algorithm. As the accounting currency, the reduction of the coins occurs every 48 months. The advantage of the investment in the currency that after the release of Anonymous Bitcoin (it is scheduled for September 10, 2018), xoldery the ZCL will be able to earn tokens in 1:1 ratio. Experts predict that Anonymous Bitcoin will be popular, because the development team have good connections in the cryptocurrency world.
  • Bitcoin is Anonymous (ANON). At the moment, the team is actively shares information and participates in conferences. The test network is scheduled to launch in August 2018. Will be activated zkSnark – the privacy Protocol. The currency will also work on the PoW algorithm, masternode will be equipped with control protocols. The digital asset has already received the support of many cryptocurrency exchanges and communities. ANON wants to be the first transparent fork in history, next week’s planned release of technical documentation and web site.
  • EOS. On 2 June the launch of the EOS network. Despite the fact that cryptocurrency at the time of release there was not even software in the project believed, and now EOS is on the 5th place by market capitalization. EOS is considered the main competitor Ethereum is a platform developed to create decentralized applications, but more scalable and functional. 3 months EOS managed to double market cap to hold the position. Cryptocurrency I think is very promising.
  • Ontology (OPT). It is also a public platform for creating projects of any type. The blockchain system can be easily integrated in already existing enterprises. Improved authentication procedure, privacy, thanks to the remote sharing of data. In the near future should take place the launch of the network, so experts predict that the cost of token will increase dramatically. In 2,5 months the price of bitcoin has increased more than 350%.
  • Such events are very important to the cryptocurrency community, and on the background of the release of updates and software, asset prices will rise dramatically. Follow the movement of the market and invest wisely!

    News

    25.05.2018: 6 reasons why you should invest in EOS

    This cryptocurrency appeared not so long ago, but many believe that it could become a worthy competitor to Ethereum. After the announcement that the June 2018 year, the software platform EOS, asset prices have soared, and the digital currency rose to 5th place by market capitalization, replacing Litecoin.

    Interesting, but the capitalization of the EOS project without a functioning network, has already exceeded $10 billion. This is a project of Dan Larimer and team Block.one – they decided to create a blockchain-based platform with smart contracts, but to improve scalability, transaction rate and lower Commission.

    6 reasons why you should invest in EOS:

  • Scalability. The developers just put this in priority. High throughput is ensured by the use of additional blockchains and special algorithms. The development team stated that after starting the system can handle 1000-6000 transactions per second. Yet after testing the result was 600 transactions.
  • The solution to the problems of Ethereum. Ethereum wants to be a decentralized global computer, but so far on this platform just massively release a new token. Decentralized applications difficult to establish because of the unresolved scalability issues. Acne Buterin plans to improve their offspring by using sharding and other algorithms, but it’s a matter of time. In addition, token-ICO ends – the developers managed to collect about $2 billion in ETH. Experts say that now EOS can even put the price in the competitive crypto-currency, selling it in large chunks.
  • EOS well sponsored. Resource development network is due to the remuneration of the blocks in the year deducted 5%. A portion of the proceeds from the sale of tokens, the company Block.one invested in funds – they are designed to improve ecosystems and attracting investors.
  • Dan Larimer – experienced developer. Previously, Larimer was involved in projects Bitshares and Steem, they have been very successful. All three projects use the algorithm DPoS and modular platform Graphene. Many wonder whether not leaving Dan, his next project after the promotion, but while Latimer is optimistic, and says that EOS has a great future.
  • Digital capitalists. The EOS token will be required to use network resources. Ultimately appears the lack of resources and creators of new projects will have to buy tokens in the secondary market either to rent from the owners. It is planned to develop the leasing program token EOS.
  • The additional income. Airdrop is not the goal of the EOS project, with some projects already handed out free tokens to the holders of the cryptocurrency. If EOS will be popular, investors will be able to obtain passive income.
  • It is too early to talk about the future of the project, but with the right development platform EOS could compete with Ethereum.

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    18.05.2018: Bitcoin is no longer popular! China has made a rating of TOP 10 cryptocurrencies

    China has published a ranking of the TOP 10 most popular cryptocurrencies. Digital assets were assessed according to 3 criteria: technology, innovation, application. The results are shocking: Bitcoin was not included even in the top ten.

    Considered 28 of cryptocurrency, the rating is as follows:

  • First place went to an Ethereum – he was awarded maximum scores in innovation and technology.
  • Steem – cryptocurrency social network Steemit to distribute content. The platform is characterized by high transaction speed and reliability.
  • Lisk. A decentralized platform for building applicationsbased Ethereum developers that left the project.
  • NEO. Competitor broadcast, also is a platform with smart contracts for decentralized applications.
  • Komodo. Digital currency combined quality and zcash for bitcoin. A high degree of protection through innovative protocols, secure payment system.
  • Stellar. The platform is designed to facilitate the exchange of Fiat currency and cryptocurrency, as well as payments.
  • Cardano. The blockchain is the platform for building smart contracts and decentralized applications.
  • IOTA. The platform to sell thingswith a high level of protection and its own cryptocurrency.
  • Monero. Currency with a high degree of anonymity, her “trick” – a ring signature by which it is almost impossible to trace transactions.
  • Stratis. A platform for building decentralized applications and implementing them in companies.
  • Ripple the Chinese are not appreciated – it is set in 17th place, Litecoin 21, Bitcoin Cash appropriated in 25th place. Closes rating token NEM. Bitcoin modestly housed in 13th place. For innovation, he was awarded the highest score, but the development of technology of “digital gold” has failed.

    Recall what your rating was and the U.S. Agency Weiss Ratings, in this bitcoin also received a low rating.

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