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EOS: Price Analysis, June 29

EOS/USD Though the bulls have failed to break out of the downtrend line 2, they have managed to defend the June 24 lows of $6.8926. Any break of this level will extend the fall of EOS to the next support at $5.9610. Though both moving averages are falling and the cryptocurrency has failed to sustain above the […]

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EOS CTO Discards the Constitution, “No Vote Buying” Article IV Gone?

It hasn’t been long since EOS mainnet activation and its governance is having some serious issues already. The latest development is EOS founder Dan Larimer’s proposal to throw away the constitution and start a new which is bringing forth its own set of questions. EOS governance issue tailspins The EOS constitution and governance is only […]

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Dan Larimer Releases Draft Proposal of New EOS Constitution

In the blog release, Larimer clarifies the premise “Code-Is-Law” as it relates to arbitration bodies. When 21 block producer’s froze several EOS accounts one week after the mainnet launch, the original Constitution was called into question. The freezing of accounts over fraud allegations violated the decentralization that the Constitution promised. An arbitration body governing the project, EOS […]

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China Ranks EOS as the #1 Blockchain, Bitcoin Doesn’t Make Top Ten

Last week, China Electronic Information Industry Development (CCID) updated its blockchain rankings that previously ranked Ethereum as the best blockchain network in the global market. After pausing its blockchain network subsequent to the discovery of critical bugs, suspending 27 user accounts without reasoning, and receiving criticism from prominent experts like Cornell University professor Emin Gun […]

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Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating

From $260 billion to $241 billion, the valuation of the cryptocurrency market has dropped by over $19 billion in the past 24 hours, as major cryptocurrencies including bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS fell by large margins. For a third day in a row, EOS, the delegated proof-of-stake (PoS) network based on the Ethereum […]

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Cornell Professor and Nick Szabo Criticize EOS for Bugs and Centralization

The launch of the mainnet of EOS was delayed due to a critical bug found by China-based cybersecurity firm Qihoo 360. Emin Gün Sirer, a professor at the prestigious Cornell University, criticised EOS developers for not seeking assistance from consensus protocol experts. Even after the mainnet launch, Sirer and other cryptocurrency experts including smart contracts […]

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EOS Decentralization Questioned Again as Block Producers Freeze 27 Accounts

After just one week of the EOS mainnet going live, the community is questioning its decentralized nature. Early last week, the network’s 21 block producers who verify transactions and validate blocks froze seven EOS accounts allegedly belonging to thieves who had stolen funds by scamming users through phishing scams or other attacks. Thought the first […]