Just as many lost hope and general confidence waned due to the constant market decline, the G20 regulators implemented positive results in the community with various bullish statements about cryptocurrency regulations. On March 18, just one day before the G20 summit in Buenos Aires, the Financial Stability Board (FSB) wrote a letter in which Chairman Mark Carney stated that there is currently no immediate need to regulate digital currencies.
With the announcement, the market leader Bitcoin saw a rapid return on price, since then it has rebounded to the $ 8,558.80 level [per time of writing – March 20] With a market cap of $ 144 billion, it tops the list.
However, the strongest runner in the last 24 hours with a double-digit profit from the top ten digital currencies by market capitalization is EOS [EOS] a sharp increase of 22.88% to hit the price of $ 5.83. For several hours, the EOS / USD pair struggled to break the all-important USD 6.00, but to no avail on the first try [the particular zone was not touched since March 12].
The platform was launched back in July 2017 with its debut. Dan Larimer, the founder, designed and created the EOS blockchain network together with other developers with the idea of developing the fastest DApps platform there is. The blockchain [right now] can process and complete more than 50,000 needed for confirmations per second. Accordingly, the coin will give companies and startups the opportunity to develop very advanced blockchain-based apps. The initial coin offering and token distribution took about a year. The services and functions provided by the EOS Blockchain, the current development in EOS and Block.one make EOS a strong competitor for any platform that supports Dapps while cementing its place.
What makes it very unique is that it doesn’t require an EOS mine farm. This is all the result of the new EOS token that is created when block producers generate a certain number of blocks. In this case, the new EOS tokens mentioned above are the reward. The EOS blockchain enables block makers to specify the desired number for their expected payment. The number of tokens varies depending on the general median value of the desired fee generally stated by the manufacturers. In addition, the backup team has installed a mechanism to check whether the function is being misused. The token offer will not exceed 5 percent per year.
When removing a delegated proof of the deployment protocol. The platform provides an intelligent environment for developing and creating decentralized applications. The EOS blockchain network’s DPoS – Delegated Proof of Stake protocol, based on information and data published by the team, achieves higher transaction volume throughput of up to 100,000 per second. It has been proposed to use what is known as a horizontal scalability function to bring the fees down to the dreamy zero.