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Tag: EOS

Block.one Announces End of Funding Round, Bags Peter Thiel and Bitmain

Category: Altcoins, Blockchain, Development, News

Block.one Announces End of Funding Round, Bags Peter Thiel and Bitmain

In a blog post published on July 16, 2018, Block.one announced that it successfully managed to secure funding from some private organizations and individuals. The company is best known for its EOS blockchain platform that had its mainnet launch in June 2016. Block.one Funding so Far Among the list of investors are PayPal founder Peter Thiel and Chinese cryptocurrency mining company…

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EOS Funded Bot Accounts Allegedly Congested Ethereum Network

Category: Altcoins, Blockchain, Ethereum, News, Tech, wallet

EOS Funded Bot Accounts Allegedly Congested Ethereum Network

A discussion on July 15, 2018, within the largest online Ethereum community, the Ethereum Subreddit (r/Ethereum), claimed that EOS-funded bot accounts have been deliberately clogging up the Ethereum blockchain network, spending up to 50 ether every hour for over 24 hours. EOS Controversy An alleged 40 percent of the capacity of the Ethereum blockchain network was utilized to process the…

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EOS, Augur, Tron and Monero Hand out Bug Bounty Incentives to Several Hackers after Code Flaws Identified

Category: Altcoins, Development, News, Tech

EOS, Augur, Tron and Monero Hand out Bug Bounty Incentives to Several Hackers after Code Flaws Identified

Despite the famed immutability of blockchain technology, widespread hacks and 51 percent attacks on several cryptocurrency projects have proved the emerging sector is susceptible to flaws. This in mind, some of the largest  projects have launched their bounty programs to enhance security and detect bugs, with $24,500 handed out to ethical hackers in July 2018 alone. HackerOne Reveals Bounty Rewards…

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Investors Hoard RAM on EOS blockchain, Push Prices Up for Other Developers

Category: Altcoins, Business, Development, News, Regulation

Investors Hoard RAM on EOS blockchain, Push Prices Up for Other Developers

Speculative investing has resulted in a significant increase in RAM prices on the EOS blockchain. Developers need to purchase RAM according to the requirement of their smart contract. However, investors have bought RAM and created an acute shortage of resources for developers. The cost of 1 MB RAM on the EOS network peaked at 920 EOS, equivalent to $8160 at…

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China’s New Crypto Rankings: EOS First, Ethereum Second, Bitcoin 17th

Category: Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

China’s New Crypto Rankings: EOS First, Ethereum Second, Bitcoin 17th

The Chinese government has issued a revision of its cryptocurrency ranking, adding two new cryptocurrency projects. According to the revised ranking, EOS is now at the top of the list. CCID’s Ranking System China’s Center for Information Industry Development (CCID) published its second monthly Global Public Chain Technology Evaluation Index on June 20 at the Shanghai Science Hall, the Chinese…

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EOS Technical Chief Feels Account Censorship is a Flaw, Wants to Change “Constitution”

Category: Altcoins, Blockchain, Business, News, Regulation, Tech

EOS Technical Chief Feels Account Censorship is a Flaw, Wants to Change “Constitution”

Dan Larimer, the chief technical officer of EOS who previously created Bitshares and Steem, has stated the authority of the EOS Core Arbitration Forum (ECAF) over the network and its ability to censor, suspend, and confiscate user funds and accounts should be restricted. The EOS Controversy Even in disputes during which account users lose their funds to hackers or in…

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EOS Under Fire After “Constitution” Violates Own Rules

Category: Altcoins, Bitcoin, Blockchain, Business, News, Regulation, Tech

EOS Under Fire After “Constitution” Violates Own Rules

EOS, the world’s fourth-largest cryptocurrency by market cap, is facing a backlash from the community over recent developments. After reports suggested 50 percent of EOS tokens are owned by less than ten wallets,  the 21 block producers of the cryptocurrency decided to freeze seven EOS accounts suspected for theft. The EOS911 As part of the EOS911 initiative, a safety protocol…

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Post-MainNet Launch: You Can Already Start Managing Your EOS Assets on Infinito Wallet!

Category: Press Releases

Post-MainNet Launch: You Can Already Start Managing Your EOS Assets on Infinito Wallet!

With EOS MainNet being successfully launched recently, Infinito Wallet announced that they have activated EOS full nodes as of June 15, 2018, and thus claims to be the first universal wallet which supports EOS mainnet. Now you can check your account balance, send, and receive EOS coins with this wallet, given that you have registered your EOS ERC20 tokens before…

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Bitfinex Became a Block Producer for the EOS Mainframe from 4 Whales

Category: Altcoins, Blockchain, Commentary, News

Bitfinex Became a Block Producer for the EOS Mainframe from 4 Whales

While EOS launched their mainnet on June 14, 2018, alarming statistics recently emerged when it came down to the EOS Block Producer elections. Community Speaks out According to the EOS Reddit Community, Reddit user 8ce26f noted that Bitfinex received 50 percent of their votes from four large whales. To ensure that his data source and collection was reliable and valid,…

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Weiss Rating: “Love” EOS but Centralization Remains a Concern

Category: Altcoins, News

Weiss Rating: “Love” EOS but Centralization Remains a Concern

In the latest report by Weiss Ratings, one of the few cryptocurrency rating firms, the potential of EOS blockchain project is put under much limelight. Weiss EOS 101 From a bird’s point of view, the rating agency seems to be optimistic about EOS’ potential to provide what Ethereum had promised – establish the groundwork for the smart economies of the…

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