EOS News Today: What Is Next For $4 Billion EOSIO after the Launch of Version 1.0

After a yearlong ICO that raised a record-breaking $4 billion, the EOSIO of Block.one has officially been released. The project has a lot of anticipations and speculations around it. Developers can now develop blockchain-based apps on the platform.

Nevertheless, the launch of version 1.0 could be a crucial moment for the project which has promised to be able to get rid of user fees and process millions of transactions in one second in its technical white paper.

From Beta Phase to Launch

Like a lot of blockchain projects, the white paper promises a very pretty picture, but the end result is what really matters. The yearlong Initial Coin Offering provided a huge amount of money for the project and some beta version of the EOSIO project have been launched during that time, under the project name “Dawn.”

SEE ALSO:   NEO Price Prediction 2018: Is Neo (NEO) Worth Your Money in 2018? (NEO News Today)

According to the Github page of EOS, there are 620 issues that still need to be fixed in the project, while more than 1400 issues have been fixed during the development phase. However, EOSIO v1.0 has been rolled out officially and there is sure to be a lot of feedback immediately more developers begin to use the platform.

The New Rival of Ethereum

EOSIO will be watched closely for the next couple of months as it offers a new blockchain platform for the creation of decentralized applications – which is directly competing with Ethereum. If the token swap of EOS goes according to plan, the ecosystem of EOSIO should start to operate as planned. This could indicate the arrival of the next big smart contract decentralized app platform.

SEE ALSO:   Will Robinhood overtake Coinbase in cryptocurrency trading (Ethereum and Bitcoin)? How does Robinhood make money? -Sat Jun 23

The CTO of EOS, Daniel Larimer, and the founder of Ethereum, Vitalik Buterin, have had some philosophical debate on both Reddit and Steemit about the pros and cons of Delegated Proof of Stake and Proof of Stake. They both gave their opinions on what they think about the protocols.


Legal Disclaimer: The content of this website (smartereum.com) is intended to convey general information only. This website does not provide legal, investment, tax, etc advice. You should not treat any information on smartereum.com as a call to make any particular decision regarding cryptocurrency usage, legal matters, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, initial coin offerings (ICO), etc. We strongly suggest seeking advice from your own financial, investment, tax, or legal adviser. Neither smartereum.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from smartereum.com.

SEE ALSO:   Bitcoin Price Analysis: Bitcoin to reach $29,500 by the end of 2018-Sat Jun 23

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Smart About Crypto!

Promise we won’t spam you!

We Are Hiring

Click here if you would like to join one of the fastest growing blockchain news companies in the world!