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EOS and Ethereum (ETH) Update, is 2019 Their Year?

Today, we’re taking a closer look at EOS and Ethereum (ETH).

The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again. 

EOS

EOS remains the fifth-largest cryptocurrency by total market cap. The blockchain project is run by Block.one. Last year, Block.one held the EOS Global Hackathon, which gave prize money for building on the EOS blockchain.

It seems the marathon was deemed a success, due to the company’s latest tweet. Despite the downturn of the crypto market in 2017 and loss of jobs across the board, Block.one is hiring in 2019.

Many major blockchain projects and news outlets had to make job cuts throughout 2018 due to lack of interest and money being poured into the industry. It seems EOS is going strong, despite the dip.

According to CoinMarketCap, EOS is currently trading at $2.67 a share, up 0.11% in 24 hours.

Ethereum (ETH)

Ethereum had quite a bull run this past week and regained its second-largest cryptocurrency by total market cap spot once more. ETH is up over 11% for the week.

>> Ethereum will Hold Apple and Tesla Stock Next Week

Vitalik Buterin has been tweeting his opinions on government and the world lately, but not giving Ethereum updates. However, just before Christmas, the Ethereum co-founder reminded the crypto community of this:

Casper is an important progression in Ethereum, so positive movement none-the-less. The co-founder has never concerned himself with the price of ETH and has always focused on the tech. Proof-of-stake implementation on the Ethereum blockchain began back in June of 2018 and developers are steady at work advancing it.

According to CoinMarketCap, ETH is currently trading at $150 a coin, up +0.91%.

Will 2019 be a strong year for EOS and Ethereum (ETH) foundationally? We shall see!

Featured Image: Depositphotos © znm666

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Ethereum (ETH), EOS, and Litecoin (LTC)

Ho-ho-ho, looks like Santa put crypto on the nice list. Crypto is in the green today! We’re going to take a closer look at Ethereum (ETH), EOS, and Litecoin (LTC) to see if anything is going on with these coins.

Let’s dig in!

Ethereum ETH

At the time of writing, ETH is selling for $135.10, which puts the coin up 14.02% in the past 24 hours.

Ethereum
Source: CoinMarketCap

With a market cap of $14.06 billion, Ethereum is now the 3rd largest cryptocurrency, beat out by Ripple (XRP) not too long ago, and of course, Bitcoin (BTC) as usual.

The Ethereum team is currently looking for dApps that will have an impact on the economy and on communities across the globe by solving real-world issues. If you’re building a dApp for ETH that you think is worthy of the cause, then consider filling out the survey provided by the team. You might just have the next big dApp!

EOS

At the time of writing, EOS is selling for $2.68, which puts the coin up 13.03% in the past 24 hours.

Ethereum
Source: CoinMarketCap

EOS is the 5th largest cryptocurrency and has a market cap of $2.43 billion.

Like the Ether team, Block.one is also on the lookout for dApps being built on the EOS blockchain. People interested in sharing their EOS dApps are welcome to email the team at spotlight@block.one.

>> Coinbase President: Despite Bitcoin Price Crashes, 2018 was an Innovative Year

(Hands up if you’re developing an Ethereum or an EOS dApp!)

Block.one kicked off the holiday season with a laugh, uploading a behind the scenes blooper reel to its Twitter page:

Litecoin LTC

At the time of writing, Litecoin is selling for $32.57, which puts the coin up 14.23% in the past 24 hours.

Ethereum
Source: CoinMarketCap

Litecoin has a market cap of $1.95 billion and is currently the 7th largest cryptocurrency.

Charlie Lee recently announced that Litecoin has become the official cryptocurrency partner of the UFC. In honor of this, the Litecoin logo will be on the mat! Get ready fighters—it’s Litecoin coming in for the win!

Featured image: Pixabay

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EOS, Litecoin (LTC), and Cardano (ADA) Get a Boost!

This morning, the cryptocurrency market has received a boost and most major digital currencies are trading green! This time last year, Bitcoin (BTC) hit its all-time high, nearing $20,000. 2018 was quite different than 2017 in the cryptocurrency space. Today, we’ll take a closer look at EOS, Litecoin (LTC), and Cardano (ADA).

EOS

The fourth-largest digital currency by total market cap, EOS, is leading the top digital currencies today in most percentage growth. According to CoinMarketCap, EOS is trading at $2.37 a coin, up 21.73%. This time last year, EOS was trading above the $12 mark.

Earlier today, Block.one announced the grand prize winners of their EOS Global Hackathon.

GeneOS was crowned the winner!

“It was like a dream to me,” reflected Jens shortly after GeneOS’ triumph had been announced at the EOS Global Hackathon Grand Finale in Cape Town, South Africa. “We had all kind of worked together before but were not really in close contact. I always wanted to do more with blockchain, so this was a great chance for us.”

It remains unknown at this time why EOS is booming today.

Litecoin (LTC)

Litecoin, the seventh-largest digital currency by total market cap, is also trending today. At the time of writing, LTC is trading at $30.06 a share, up 14.89% in 24 hours. Last year around this time, LTC was trading just above $390 a coin.

>> Bitrue: Crypto Exchange Holds 2% of XRP Market in Only Four Months

There doesn’t seem to be any big news regarding Litecoin either, and it may just be investor confidence that’s driving up the prices of these digital currencies. The latest announcement comes from Charlie Lee’s Twitter page.

Cardano (ADA)

Cardano, the world’s 11th-largest digital currency by total market cap, is also trading high today! At the time of writing, ADA is currently trading at $0.033 a coin, up 13.84% in 24 hours. Last year, ADA was trading at $0.50 a coin.

Charles Hoskinson, Cardano’s co-founder, recently just put up an end-of-year update for Cardno.


Hoskinson often gives video updates on the project every few weeks, and this year the wrap-up was quite a lengthy one. This update may be the reason why ADA is doing so well on the crypto market today. It remains unknown at this time why Litecoin and EOS are booming.

Featured Image: depositphotos/PromesaStudio

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Lack of Decentralization Exposed with Reversed Transaction

Blockchain protocol EOS, run by Block.one, has just become the subject of a new crypto scandal. It all began on November 9th, when a picture emerged on Reddit of a moderator on EOS reversing a transaction that had already been confirmed.

Decentralized?

According to the Reddit user u/auti9003, a reverse transaction occurred without the owner’s permission. The arbitrator, Ben Gates, referred to the blockchain project’s constitution as a basis for his decision. Gates wrote:

“Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.”

Many EOS users weren’t happy with the findings posted on Reddit. One user by the name of ethswagholder said:

“What a pile of garbage is EOS? Why would anyone use this over a bank account and traditional legal system? These guys raised $4BN to recreate the legal system using a token that is neither censorship resistant, nor immutable. Brilliant.”

>> Sherbank CEO: Expects Industrial Blockchain Adoption in Under Two Years

This isn’t the first time EOS’s model of governance has been questioned. Back in early October, allegations were made accusing the platform’s major block producers (BPs) of “collusion” and mutual voting. It was suggested that the main EOS nodes took part in mutual voting, with a handful of payoffs to remain in power of the EOS blockchain.

Daniel Larimer, CTO of Block.one, confirmed the project’s lack of decentralization in an interview last month. Larimer told Colin Talks Crypto:

“Decentralization isn’t what we’re after. What we’re after is anti-censorship and robustness against being shut down.”

Well, that should give you some peace—ha! Larimer still claims EOS is more decentralized than Bitcoin (BTC) and Ethereum (ETH) because it takes 11 BP’s to control the network. For Bitcoin and Ethereum, it would only take around three to four pools.

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Ethereum (ETH) and EOS Cross Chain Token Trading Success by Bancor

Bancor, a decentralized liquidity network, has just announced it has completed its partnership with Block.one to provide cross-blockchain token swaps with EOS and Ethereum (ETH).

EOS and Ethereum (ETH) Automated Token Conversion

The company originally announced its partnership and venture in September. The announcement just published a few hours ago reads:

“BancorX enables automated conversions between Ethereum-based and EOS-based assets without users having to deposit funds on an exchange and without the need for order-matching between buyers and sellers. Anyone can integrate an Ethereum or EOS token with BancorX by staking an amount of those tokens in a smart contract which they own and manage.”

BancorX currently supports a copious amount of Ethereum ERC20 tokens and uses its own BTN token to make the cross-blockchain transfers.

First, either EOS or Ethereum is converted into BTN. Then, the BancorX smart contract removes BNT from circulation and receives account information from the destination chain. Oracles watch the BancorX contract on the original crypto chain and report the BNT amount and destination wallet address to the BancorX contract on the destination chain.

The BancorX contract on the destination chain then issues BNT on its chain. The BNT token can then be converted into the desired coin through Relays on the Bancor Network.

The company also states that its cross-blockchain dApp was built in partnership with LiquidEOS.

>> Coinbase will Add Nearly 300 Coins in the Next year but Won’t IPO

Bancor Movement

In addition to its announcement today about BancorX, the company announced that its Bprotocol Foundation would transfer $10 million to EOS, to encourage development and token liquidity on the EOS network. This money is geared toward incentivizing developers to expand and grow the already vast network.

At press time, EOS remains the fifth largest cryptocurrency by its total market cap and is trading at $5.51 a coin, up 1.25%. Ethereum (ETH) remains in second and is trading at $210.37 a coin, up 4.17%.

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