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Bitcoin (BTC), Blockchain, EOS (EOS) –According to one Press release On Jan. 24, China announced a new iteration of its government-sponsored filing system for major crypto-currencies and their block chains, once again putting EOS at the front of the pack.
Despite its fifth position in terms of market capitalization, with a valuation of $ 2.2 billion, EOS has managed to maintain the first place of blockchain evaluation by the China Center for Information and Industrial Development (CCID) . While the Chinese government has always been anti-cryptocurrency, with one of the most severe crackdowns against the use and investment of digital coins by any major power, their blockchain ranking sponsored by the United States. State dates back to May of last year.
EOS was ranked # 1 at the last iteration of the blockchain evaluation published in December 2018, a position occupied since June 2018. Bitcoin, with a market capitalization twenty-eight times greater than that of EOS, was ranked fifteenth in the evaluation of the blockchain, three places in the December ranking. Ethereum, which ranks third in market capitalization just behind XRP, was singled out as the second highest rated chain of channels by the government organization, with the XRP in the twentieth position. The position of the ETH remains unchanged from December.
Although the XRP is in the lower half of the pack, the latest ranking report comes just days after Ripple, the startup behind XRP, ad a blockchain-based fellowship with the Institute for Fintech Research at Tsinghua University in Beijing, one of the country's largest academic institutions. While Ripple has made little progress in China and has instead focused on developing or poorly funded countries, such as Brazil and India, the new scholarship is entering into a partnership to bring the best Chinese students to study regulations and blockchain development worldwide. movement that could have wider implications for the cryptocurrency industry.
While EOS has gained praise from the state-sponsored blockchain magazine, the piece has been the subject of controversy dating back to last November, when the motto set off a fire storm after cancellation of previously confirmed transactions. According to the evidence published for the first time on Reddit, a complaint lodged in front of one of the arbitrators of the platform eventually led to the cancellation of previously confirmed transactions on the network. The EOS network gives considerable power to its subset of arbitrators, a system that has led to the questioning of the decentralization of the currency.
Although this particular instance involved an account that would have been phishing, with the involved transactions occurring without the owner's permission, the cancellation of transactions confirmed by the network is considered a fundamental blockchain violation by many users. In response to the controversy, Daniel Larimer, CTO of EOS, said in an interview with Colins is talking about crypto that his piece has an alternative point of view on the decentralization prioritized by most cryptocurrency industries,
"Decentralization is not what we are looking for … What we areit's more anti-censorship and robustness against closing. "
Although the announcement is a positive development for EOS, the coin has not fluctuated much over the past week, as a result of the current trend of the sector's top ten best-selling cryptos, which remained relatively stable during the second half of January.
Image title courtesy of BeatingBetting.co.uk
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