EOS has established itself as one of the most visible digital assets. Despite skepticism, and a mystifying nature regarding its complex network, in terms of price and trading, EOS is a powerhouse of upward potential.
EOS added more than 18% overnight, to stand at $13.70, with ranges of $20 or $30 easily predicted. The ongoing daily auctions, leading up to the mainnet launch, provide a further boost.
!EOS!
EOS has surpassed the peak in Bitcoin prices achieved in December, and is on track to break through its all-time high record, which happened right after the ICO. Volumes are also picking up, resembling the peak activity in the fall. For now, EOS has pushed up reliably from the lows around $4, and has tripled its price in BTC as well for a month. Not even the climb of BTC above $9,000 shook down the trend.
Strangely, last day’s auction for EOS stopped at a price of around $7, after a few days at $11, but the next days may catch up.
Block Producers Getting Ready
EOS will not be a mined coin - but blocks will be calculated in a system of Distributed Proof of Stake. With 21 block producers in total, the EOS network will have a form of centralization, relying on 21 “whales” to secure the network.
For now, the likely candidates are organizations that are already prominent in the crypto space. The EOS token itself, beyond the potential to act as a currency, will also be used for voting and staking in block production. The block producers, beyond holding a wallet, will have to provide the hardware to run the distributed network.
https://twitter.com/bitfinex/status/988480868707651584
Other heavyweights include Antpool, one of the biggest Bitcoin Cash and Bitcoin miners. The Huobi exchange is among the candidates as well. In the coming weeks, the competition and voting may heat up the social media profile of EOS, also affecting the market price.
This article appeared first on Cryptovest
