Everyone’s Worst Fears About EOS Are Proving True

The Takeaway: EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019. However, the project has long been plagued by fears that its structure was too centralized, and now the lion’s share of entities that govern the chain are in China, prompting fears of state intervention. EOS contributors devoted […]

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The First Yearlong ICO for EOS Raised $4 Billion. The Second? Just $2.8 Million

The Takeaway: Block.One’s yearlong initial coin offering (ICO) for the EOS blockchain raised a record-breaking $4.1 billion in 2018. LiquidApps created a second-layer protocol for EOS to offload computing expenses for dapps, which became very expensive just a few months after EOS launched. In a similarly yearlong ICO, LiquidApps is currently selling DAPP tokens to be used on […]

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EOS is De Facto Centralized, Says Wikipedia Co-founder

Wikipedia co-founder Larry Sanger does not want to develop his decentralized applications atop EOS blockchain. The veteran technologist, who chose EOS to run his decentralized content distribution platform Everipedia, threatened to fire the blockchain project. He criticized EOS for becoming a de facto centralized ledger controlled entirely by the Chinese entities. Stating that Everipedia couldn’t […]

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Bithumb Brings Korea Into EOS Government

Bithumb, one of South Korea’s largest crypto exchanges | Source: REUTERS/Kim Hong-Ji Bithumb, one of Korea’s largest exchanges by reported volume, has decided that Koreans are not adequately represented in the EOS network. Korea Gets a Voice In EOS Governance The exchange claims that as much as 10% of all EOS belongs […]

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