Despite the Chinese Government’s total ban on all crypto related activities within its jurisdictions, it has now issued a second ranking of blockchain platforms through the China Electronic Information Industry Development (CCID). The new rankings show that EOS (EOS) has outclassed Ethereum (ETH) in terms of being the best blockchain platform available around the globe.
As earlier mentioned, this is the second time the organization has issued these rankings. The first time, Ethereum (ETH) topped the list as the best blockchain platform according to the three criteria of technology, application, and innovation. EOS tops the list this time around, in the categories of technology and innovation. NEO managed to rank higher than any other platforms in terms of applicability of the blockchain. Bitcoin managed to lead in the category of innovation.
This new ranking is not without controversy for the EOS platform has witnessed several incidences since the platform went live earlier this month. The first one was the discovery of a serious security bug a few days before the MainNet went live. The second hurdle for EOS came when there was a delay in attaining the 15% quota for staking tokens to allow for voting on the platform. Once that was accomplished, another bug brought the platform to a screeching halt with transactions being frozen globally on the platform.
Due to the fact that the EOS constitution had not been ratified by the time the platform paused, the Block Producers froze 7 vulnerable accounts that could have resulted in the loss of funds on the platform. A total of 27 accounts have since been frozen.
With the EOS constitution yet to be ratified, the decision to freeze the said accounts has caused a lot of outcry as well as admiration for the swift response by the newly appointed EOS Core Arbitration Forum (ECAF) that was set up to resolve disputes in the community. ECAF is the entity that ordered the Block Producers to freeze the 27 accounts. Either side of the argument can at least have a reason to be bullish about EOS with the new rankings by the CCID showing that the platform has a bright future ahead.
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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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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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