The DPoS (Delegated Proof of Stake) consensus mechanism adopted by EOS currency has several significant advantages.
First, DPoS greatly improves transaction processing speed by reducing the number of nodes participating in consensus. In EOS, only a few elected witness nodes are responsible for producing blocks, which allows the entire network to reach consensus more quickly, thus improving the performance of the main chain.
Secondly, the DPoS mechanism has lower energy consumption costs. Compared with the traditional PoW (Proof of Work) mechanism, DPoS does not require a large amount of computing resources to compete for accounting rights, so it can significantly reduce energy consumption.
In addition, the DPoS mechanism also has better scalability. Since only a few nodes participate in consensus, the network can be expanded and upgraded more easily without being limited by an excessive number of nodes.
Finally, the DPoS mechanism also has certain advantages in terms of security. Witness nodes elected through election usually have high credibility and strength, which helps ensure the safe and stable operation of the network. At the same time, more than 2/3 of the nodes must be controlled to make the wrong block irreversible, which further enhances the security of the network.
However, it is worth noting that the DPoS mechanism also has some potential problems, such as weak centralization. Therefore, when choosing to use EOS coins or its DPoS consensus mechanism, you need to fully understand and evaluate the related risks.
In short, the DPoS consensus mechanism of EOS currency has significant advantages in terms of transaction speed, energy consumption cost, scalability and security, but at the same time, attention must be paid to its potential problems.
EOS Demonstrates Security Success With 2M EOS Recovery
In the ever-changing world of decentralized finance (DeFi), protecting digital assets is most important. Recent EOS events demonstrate the importance of strong security. The recovery of 2 million EOS on the EOS EVM improved blockchain security. The innovative cybersecurity portal and rapid incident response program Recover+ (R+) made this possible. It represents strength and effectiveness against complex threats.
Securing PayCash: Collaborative Efforts and EOS EVM Advancements
The R+ team discovered a security breach targeting PayCash, a popular EOS project, on May 6, 2023. The path to this goal began here. They tried to contact PayCash, but the hacker moved the stolen funds to the EOS EVM, making things worse. This was problematic because the EOS EVM had no rules for handling these situations. This made the community vulnerable and uncertain.
The R+ team, EOS EVM engineers, and PayCash team collaborated for months to create a good recovery plan. September saw the release of EOS EVM v0.5.2, a major advancement. It added crucial administrative actions to close security gaps. This significant event shaped recovery efforts.
The R+ team tested their solution on the Jungle Testnet on January 25 to prepare for recovery. They had long conversations with EOS Block Producers (BPs) to find common ground and support for their cause and to get advice and help from important EOS engineers. By February 19, BPs knew about the technical solution. This made thorough verification easier and encouraged EOS community collaboration.
EOS EVM Recovery Highlights Community Resilience
Block Producers supported a February 21st Multi-Signature (MSIG) proposal in response to the PayCash hack. Some issues arose during recovery. Technical issues forced the first plan to be revised. R+ quickly changed its strategy after setbacks. Their second submission, submitted on February 22, was approved and navigated the complexities.
The R+ team, EOS EVM engineers, and the EOS community’s unwavering support helped recover almost 2 million EOS from over 6,000 hacked accounts. This amazing achievement shows how strong the EOS ecosystem is and how well the R+ program protects assets from complex threats in the fast-changing DeFi world.
Looking ahead, the EOS EVM’s recovery shows the community’s strength and resilience. As the DeFi sector evolves, projects like R+ will become crucial for blockchain ecosystem security and integrity.
EOS’s recovery of 2 million EOS on the EOS EVM shows its commitment to security and innovation. R+ is the leader in blockchain security, so investors and developers can trust EOS to secure DeFi projects. This significant achievement boosts EOS ecosystem confidence and decentralized finance security.
The final version of EOS Leap 6 will be released on July 10, and the hard fork is planned for July 31
According to Odaily Planet Daily, the final version of EOS Leap 6 is scheduled to be released on July 10, marking the beginning of the upgrade process. It is recommended that all EOS nodes complete the upgrade between July 11 and 30 to ensure a seamless transition and network synchronization. According to previous news, the EOS Network Leap6 hard fork is planned to be carried out on July 31. Leap 6 introduces instant finality with Savanna (a scalable verification-adding protocol with flexible non-repudiation proofs), a breakthrough consensus algorithm that reflects a seamless Web2 experience in the Web3 space. This major update is more than just a performance enhancement; it represents a complete network upgrade. At the core of this evolution, Savanna will not only accelerate transaction finalization, but also enhance security, user experience, and decentralization of the entire EOS ecosystem.
EOS (EOS) Launches New Upgrades; Kaspa (KAS) Launches Fundraising; Algotech (ALGT) Becomes Presal...
Some crypto projects offer investors an opportunity to multiply their money quickly. One such project is the newly launched Algotech (ALGT). This project has shown exponential growth, and potential for enormous returns. Therefore, investors have purchased more than 53 million ALGT tokens, pouring over $2.1 million within days of its ongoing presale. Meanwhile, cryptos like EOS (EOS) and Kaspa (KAS) have also shown moderate growth. But, Algotech (ALGT) is a clear winner when it comes to giving massive returns on investments.
EOS (EOS) Introduces Leap 6.0 Upgrade
Following the broader market trends, EOS (EOS) has experienced an uptick in its price. EOS (EOS) has increased by 63% in the past month. Consequently, EOS (EOS) is currently available to trade at $1.22.
EOS (EOS) has announced a major upgrade to attract the blockchain community. EOS (EOS) has introduced the Leap 6.0 upgrade that will introduce the Savanna consensus algorithm. After this upgrade, transactions on the EOS (EOS) network will get confirmed 100 times faster, and become irreversible.
Besides, the Leap 6.0 upgrade also aims to make the EOS (EOS) network more secure and efficient.
Kaspa (KAS) Collects Funds For AFT 2024
The bears have been dominating the Kaspa (KAS) ecosystem for the last few days. Consequently, the value of Kaspa (KAS) has declined by more than 14% on the weekly chart. At press time, Kaspa (KAS) is changing hands at $0.15.
Meanwhile, the Kaspa (KAS) network has launched a fundraising campaign for an academic event. Kaspa (KAS) will collect funds to sponsor the Advances in Financial Technologies 2024 conference, which will be held at the Austrian National Bank.
This is expected to improve the social image of Kaspa (KAS). Earlier, Kaspa (KAS) had secured new listings on the KuCoin and HTX exchanges.
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It is a new crypto trading platform that will leverage advanced algorithms. Since the importance and demand for algorithms in trading are soaring, Algotech (ALGT) has instantly captured attention. According to research, the value of the algorithmic trading market can surpass the $41 billion mark by 2030.
Algotech (ALGT) will use innovative technologies to bring automation to trading. It will promote data-driven decision-making, and ensure high speed and efficiency. Moreover, the project has planned to roll out AI trading bots. They will recommend profitable trading strategies, which traders can opt for to maximize profits.
Trading is an ever-learning thing, and Algotech (ALGT) understands it. Hence, it will distribute educational resources among traders. Besides, the project has unveiled a unique reward program, where its users can generate a passive income.
Algotech will distribute a share from its profits among ALGT owners. Become a token holder now to earn 1%-10% of the platform’s profit. Besides, get an opportunity to win giveaways, including Apple Watches, iPhones, and a Dubai live event.
The token presale is currently in the second stage, with a token currently available for $0.06. However, the token price will soar to $0.08 in the third stage. Moreover, experts believe that ALGT’s price will rise by 275% before the end of the presale phase.
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The EOS Leap 6 Network Upgrade Aims to Revitalize Fading Blockchain
The EOS Leap 6 Upgrade Aims to Revitalize Fading Blockchain
EOS/EOS, once a highly touted “Ethereum killer,” has languished outside the top 50 cryptocurrencies in recent times. The network’s declining usage and stagnant development have led some to question its long-term viability. However, the team is determined to prove its skeptics wrong with an ambitious upgrade planned for release this July.
The upcoming update, Leap 6, represents a major overhaul for EOS. The goal is to revitalize network activity and spur innovation. This marks a pivotal moment for the embattled blockchain – its success or failure could have major implications for its future.
In a Reddit thread on the r/CryptoCurrency crypto community, a user named JuicySpark expressed relief at EOS’s potential departure from the top 100 cryptocurrencies by market capitalization, stating,
“I’m glad it’s going away too. I just can’t stand the eye sore of going nowhere coins holding the top spots in market cap.”
The post garnered significant attention, with users echoing concerns about EOS’s stagnation and lack of innovation. One user, Blue_Bull-, offered a sobering perspective, advising,
“Moral of the story is that cryptocurrency is an active investment. This means you need to periodically check your coins for network usage / activity. If its use starts to decline, dump the coin.”
What Does Leap 6 Promise?
Importantly, Leap 6 focuses on enhancing the performance and scalability of the EOS network. The upgrade includes significant improvements to transaction speeds and efficiency. Developers hope this attracts new users and projects to the platform.
EOS Leap 6 upgrade
Additionally, Leap 6 pledges improvements aimed at streamlining the development process for dApps on the EOS network. These optimizations could reduce complexity, potentially lowering the barriers to entry for new developers and encouraging innovation within the EOS ecosystem.
Revival or Continued Decline?
Certainly, while the upgrades outlined in Leap 6 offer a glimmer of hope for EOS’s future, its success isn’t guaranteed. The cryptocurrency market is fiercely competitive, with newer blockchains boasting features that EOS/USD may still struggle to match. Additionally, a history of controversies and setbacks has eroded some investors’ trust in the project.
Looking ahead, however, only time will tell if EOS can regain its former prominence. If the Leap 6 upgrade is a success, the coin may yet climb its way back into relevance. Failure could result in its continued decline, cementing its status as a cautionary tale in the world of cryptocurrency.
The post The EOS Leap 6 Network Upgrade Aims to Revitalize Fading Blockchain appeared first on CoinChapter.
Stellar and EOS Investors Pivot Portfolio to Milei Moneda in Pursuit of Exciting Market Gains
The post Stellar and EOS Investors Pivot Portfolio to Milei Moneda in Pursuit of Exciting Market Gains appeared first on Coinpedia Fintech News
TLDR
Stellar’s XLM keeps a lukewarm run amid the altcoin rush.
EOS is set to launch a new upgrade in July and urges nodes to install upgrades early.
Milei Moneda can boost investor portfolio with 100% ROI.
Bitcoin’s pump in February has been a real push for most top altcoins, as many of them have crossed all-time highs in the past three weeks. Stellar (XLM) and EOS are two of the top DeFi coins in the market, but they are still some ways off the profit mark. While the coins try to pull back in the next few weeks, a new meme coin, Milei Moneda, hits the blocks, stealing Stellar and EOS investors while it’s at it.
Economize Like Milei: Invest in $MEDA!
Stellar Gets Neutral Ratings All-Round
Stellar has been anything but stellar since January, as Stellar’s XLM seems to be dealing with bearish trends in the market. We can expect XLM back in the greens by the time the Bitcoin halving is complete, but how long can the investors wait?
InvestorObserver has consistently given Stellar neutral and low-risk ratings, underlying the token’s unremarkable run in the crypto-verse. As the top altcoin struggles to meet expectations and predictions, its investors are on the lookout for the next best crypto to buy on the block. And we dare say there’s an array of tokens to pick from.
XLM is locked between its support and resistance levels, as the bears and bulls are equally matched in a struggle for XLM’s future. However, if you compare XLM’s monthly and weekly charts, you’ll see that the bears seem to be prevailing at the moment, as XLM has gained 6.27% on a monthly basis but lost 18.23% on a weekly basis. The incoming bull run will play a huge role in how much gains XLM can offer in 2024.
EOS: Poor Run, Major Upgrade…Can EOS Join the Top Crypto Coins?
Major upgrades have been accompanied by a long bearish streak in the crypto-verse lately; ask Ethereum for more. And we got news that EOS has scheduled a huge transition for July. Smart move? Maybe.
The latest Ethereum Dencun upgrade set ETH’s rising trend behind by some 0.5% in less than a day, and EOS can’t risk such setbacks, especially as it is still reeling from a sell-off earlier in February. The Leap 6.0 upgrade will see EOS launch its Savannah consensus algorithm, which will bring faster transaction completion and quicker blockchain activity.
EOS’s performance as one of the top DeFi projects reflects on its YTD performance, having recorded a 20% rise from the start of the year. You might see EOS on expert lists of altcoins to watch this year, but wait till Milei Moneda’s $MEDA token goes live.
Or not.
Milei Moneda Set to Rival Top 10 Altcoins in the Meme Sector
Milei Moneda is the latest cryptocurrency ICO to hit the markets in 2024, and you just know that it’s coming with loads of profit. But that’s not the point.
Milei Moneda is concerned with promoting cryptocurrency trading globally. $MEDA follows in the steps of Javier Milei, who set the stage for campaigning for digital currencies in Argentina. With its social media influence and memes, you can expect Milei Moneda to start driving support for DeFi worldwide once it launches.
Milei Moneda’s community will be a reference point for any DeFi project. Users will hold their $MEDA tokens for voting and approval of proposals while getting access to rewards for their activity. From discounts to giveaways, Milei Moneda will get the best DeFi rewards in the $MEDA ecosystem.
More exclusive content comes to the average Milei Moneda holder, as you get trending NFTs and a chance to stake them for more rewards. Meme coins are the best cryptos for beginners, and $MEDA’s presale Stage 1 is ongoing at $0.010 per token. Even newbie investors can get a 100% ROI when the project launches at $0.020.
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EOS: The $4 billion "dead" public chain EOS is a cryptocurrency that is hailed as the $500 billion cryptocurrency after the third wave. It has been proven that its economic model has failed. In order to reset the EOS ecosystem, new attractions need to be found. EOS will shut down the inflation mechanism, mint 818 million new EOS tokens, cap the EOS supply at 2 billion, and release newly minted tokens, starting with a large amount and gradually decreasing over time (no conclusion yet, further discussion is needed, and changes are definitely needed, no doubt). The price of EOS is relatively cheap, only $1, but it should be noted that the biggest risk of EOS is that you may not be able to hold on to what you think is risky.
EOS coin is a cryptocurrency launched by Block.one, a company headquartered in the Cayman Islands. Although EOS currency does not have a clear issuing country, it is traded and used worldwide. The goal of EOS is to provide a scalable, high-performance blockchain platform for decentralized applications (DApps). In China, the Chinese name of EOS coin is "Youzi coin". This name comes from the similarity in the pronunciation of EOS coin and the Chinese word "Youzi".
The historical price movement of EOS coins has been quite volatile. Since its release in 2017, its price has experienced multiple increases and decreases. In April 2018, the price of EOS coins reached an all-time high, with the price of each EOS coin reaching $21.46. However, prices then began to fall and became more volatile over the next few years. Recently, the price of EOS coins has shown a certain upward trend, but there is still uncertainty in the overall market.
It is important to note that investing in cryptocurrencies carries a high level of risk, and price fluctuations can be significant. Therefore, if you are interested in EOS coins or other cryptocurrencies, it is recommended that you carefully study market dynamics, technological developments and potential risks, and make investment decisions with caution. At the same time, please also ensure that you understand the relevant laws and regulations and comply with local financial and investment regulations.
In summary, EOS coin is a high-profile cryptocurrency with a unique name and broad application prospects. However, investing in cryptocurrencies requires caution and a full understanding of market risks and potential opportunities.
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EOS price increase, RAM price increase, equivalent to a dual-engine spiral rise, double increase 😄EOS gold mine, limited supply, only a small part left.
Today, Bitcoin has established its dominance with a market capitalization of $1.39 trillion, demonstrating its place in the crypto market. With 51.99% of the total market capitalization and worth $2.67 trillion, Bitcoin continues to dominate among digital assets. Only a handful of assets have risen more than Bitcoin in recent years, surging 1,490% in the past five years alone. Additionally, its gains have been equally impressive, surging a staggering 283% since the start of 2023. Although it has cooled slightly from its recent all-time high of $73,628 on March 14, 2024, investor sentiment remains enthusiastic. They stand ready to seize any market dip as a potential buying opportunity. However, before getting caught up in the madness, it is crucial to understand the main risks facing Bitcoin.
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