SoftBank to Invest $75M in Peter Thiel-Backed Crypto Exchange Bullish
The Block.one subsidiary is set to go public via a SPAC merger this year.
EOS price
(EOS)
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$3.7B
$853.4M
955.6M EOS
About EOS
EOS is a cryptocurrency designed to support large-scale applications. There are no fees to send or receive EOS. Instead, the protocol rewards the entities that run the network periodically with new EOS, effectively substituting inflation for transaction fees.
Resources
How it works
EOS claims to be able to support thousands of dapps without experiencing any negative network effects like high fees or slow confirmation times, thanks to innovations like parallel processing. This may be appealing for commercial developers and financial institutions looking to adopt blockchain technologies for large-scale use cases.
The network’s native token, EOS, is used to power transactions and applications on the blockchain, and can be staked for a reward in a consensus model called Delegated Proof of Stake (DPoS.)
Keep in mind
EOS was created to be easy for developers and end-users to adopt, with a specific focus on the pain points faced by developers of blockchain applications today – particularly those of speed, scalability, and flexibility in program design.
Top Stories
Peter Thiel, Alan Howard join $10 billion funding round for Block.one’s new crypto exchange subsidiary
Block.one, the developer of the EOSIO blockchain, has unveiled a new crypto exchange subsidiary that has raised nearly $10 billion in funding. The post Peter Thiel, Alan Howard join $10 billion funding round for Block.one’s new crypto exchange subsidiary appeared first on The Block.
Devs More Interested in DeFi Than ‘Ethereum Killers’ of Old: Report
Blockchain developers are devoting less time to once-popular protocols like Tron and EOS in favor of newer multi-chain solutions like Polkadot, says Outlier.
Polkadot is the most popular network for staking, nearly $3 billion worth of DOT tokens are at stake
Layer-1 blockchain network Polkadot is the most popular when it comes to staking. According to The Block Research, nearly $3 billion worth of DOT, Polkadot's native token, are at stake. The post Polkadot is the most popular network for staking, nearly $3 billion worth of DOT tokens are at stake appeared first on The Block.
Top Ten Cryptos of 2019 Beat the Stock Market by 20%
A crypto investor conducted an interesting experiment: putting $1,000 in the top 10 cryptocurrencies and monitoring their gains. Last year's top coins did well, but the stock market won out in the long run.
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