EOS, an altcoin that has gained quite a momentum in the crypto market, features among the top ten crypto gainers. The cryptocurrency which jumped up by 5.74 percent recently, is all set to enter a new phase with some exciting development. With the majority of cryptocurrencies facing downward movements, EOS sudden rise to the top came as surprise to many. Ranking 5th by market currency, EOS is a promising currency that can pose a major threat to the market. If you are not attuned to the latest developments on the blockchain, here’s an insight into what EOS has been up to.
EOS Announces Dawn 4.0 Update
After Block.one released EOS dawn 3.0 a month back, the team has announced the launch of a new update, Dawn 4.0. The development team, which was busy with the cleanup of the EOSIO software, considers the switch to resolve a number of corner-cases and time-based applications, enabling an accurate measurement of the time lapse within its smart contracts. One of the most notable aspects of the update is the initial pricing of RAM, which is kept at $0.000018 per byte or $20/token. This means new accounts will need 4KB of RAM worth of $0.10. As per the regulations of Dawn 3.0 contract, account holders could sell RAM for their paid price. Since the team’s goals were to disincentivize hoarding and speculations, users who bought RAM at such rates didn’t get any incentive to free RAM from others. As the RAM market is steadily growing, it is easier to find speculators willing to trade RAM price-volatility for better outcomes.
All You Need to Know About Dawn 4.0
The CTO of Block.one, Daniel Larimer has announced the launch of EOSIO Dawn 4.0 on Medium.com on May 5, and since then it has become all the rage in the community. Dawn 4.0, or the latest system update for decentralized applications, will include a number of notable changes. Block.one, one of the leading names in the software publishing, has been widely acknowledged for designing operating systems with industrial-scale applications.
EOSIO, one of the most active C++ projects on Github, ranks eighth in the market, while Bitcoin holds the sixth position. The new update mainly focuses on the inter-blockchain communication, a huge factor which is responsible for scaling up blockchains. As per the statement issued by Daniel Larimer, the intercommunication features of Dawn 4.0 will allow applications running to different blockchains the opportunity to buy the unused RAM. Simply put, Dawn 4.0 strives to incentivize users to distribute their unused RAM, enabling supply and demand to regulate the price. Considering the increasing demand for RAM, the price is likely to increase exponentially.
EOS Announces an Airdrop and Mainnet Launch
As the EOS investors are likely to be aware of, there are some new developments on the horizon. Apart from the much hyped-up announcement of the new airdrop, investors can reap the benefits from the mainnet launch, which will take place a few weeks later. People who wish to participate will need to register their EOS tokens on EOS platform, EOS.io and store the coins on a web wallet which is compatible with ETH. As per the official warning issued by EOS, “If you have at least 25 EOS Tokens in an EOS Registered wallet for which you control the private key (for example a Hardware Wallet, MyEtherWallet, Metamask, etc) then you will automatically receive your Evolution Tokens, there is nothing else you need to do. DO NOT use an exchange wallet.”
EOS Gears up for a Bull Run
According to the price records, EOS is the second largest gainer at the moment. With the price moving up by 5.74% from its earlier position, the cryptocurrency leads the price rally this week. Needless to say, its recent upsurge also coincides with a bullish momentum. But this bullish uptrend differs greatly from its April counterpart. As you are likely to familiar with its milestone, the cryptocurrency has reached an all-time high recently and is aiming to reach higher consolidation in the coming days. Trading at $18.35 at the time of writing, EOS boasts a market capitalization of $15,466,714,037 and is traded at a volume of $1,749,120,000 as of May 8, 2018.
Will EOS cross the $20.00 price level? Discernibly, it has made some noteworthy updates on the blockchain to cater to the users’ convenience and going by the progress made by EOSIO team, it is not difficult to imagine EOS making it big this year. Whether or not EOS will cross the $20 mark is highly debatable but one can certainly expect that the Bull Run will continue for this rising altcoin.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
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Cryptocurrency vs. Blockchain Technology
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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…