Review of EOS Cryptocurrency. Forecasts, Latest News and Predictions of Analysts


New promising coins enter the market every year, and their developers promise to change the world. If you analyze new cryptocurrency projects carefully, you can see that some of them have a really huge potential. One such project will be discussed in our today’s article. So, the EOS coin: a new global computing platform with a huge bandwidth that is capable of “killing Ethereum” or another scam? Let’s find out.

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  1. The main characteristics of EOS
  2. Forecasts for EOS cryptocurrency
  3. EOS news, investments in the second half of 2018
  4. Conclusion

1. The main characteristics of EOS

EOS was one of the most memorable and high-profile ICOs in 2017. The project attracted $465 million of investment during the first stage of token sale, which was an absolute record for the last year. The ICO was finished in the summer of 2018 with the record $4 billion.

The platform is built on the Ethereum blockchain, but it has few similar characteristics. Although EOS functions on the blockchain of Ethereum, it has a number of fundamental differences from its “older brother”. One of the key differences is the availability of the EOS confirmation method Proof-of-Stake. We remind you that Ethereum is only planning to abandon Proof-of-Work, but nobody knows when it is going to happen.

2. Forecasts for EOS cryptocurrency

The main purpose of EOS is to support decentralized commercial applications. The platform has a wide functionality for developers of third-party applications. This is, in fact, a new OS for blockchain projects. The platform has all the prerequisites for scaling, since its mechanism can provide hundreds of thousands of transactions per second. This aspect is the “Achilles’ heel” for the vast majority of blockchain projects. EOS has a visible advantage over key players in this field.

However, we can not truly evaluate this platform, because the system was launched just a few weeks ago. The development team promises to implement a fully working version of the platform in the second half of 2018, that is, we have to wait for a while.

If the development team manages to realize all its ambitious plans, then EOS has every chance to replace Ethereum. At this point in time, the coin occupies the 5th place in the Coinmarketcap rating with a capitalization of $7.2 billion, with the price of about $8. It is worth noting that we see an increase of 800% on the annual chart, this is given the current deep correction of the market. The coin should show good dynamics this year, but the full potential of the EOS project will only open in 1-2 years. Therefore, analysts advise buying a coin exclusively for long-term and give a pretty bright forecast to EOS for 2019-2020.

But you should not expect for the rate of this coin to be $500-$1000, as Ethereum’s, as it is hampered by the total number of tokens. The emission of the coin is limited, but its total number is 1 billion pieces. For example, this number is ten times smaller for direct competitors (NEO and Ethereum), which makes them more limited, and, therefore, more valuable.

3. EOS news, investments in the second half of 2018

We remind you that the EOS main network was launched on June 9, 2018. Immediately thereafter, the arbitrators decided to freeze transactions for 27 suspicious wallets. This caused a stormy reaction in the cryptocurrency community, the question of the immutability of the blockchain and the fight against centralization was raised. Literally a couple of weeks after that, the project’s main inspirer Dan Larimer said he intended to change the EOS constitution and restrict the rights of arbitrators. To do this, it is necessary to vote among the token holders, and only 120 days after this, you can proceed with the change of the main project document.

The abovementioned small scandals do not interfere with the project plans to achieve the set goals on time. The network is running, the developers do not sit still, it helped the coin take the honorable first place in the rating of the China Electronic Information Industry Development. By the way, Bitcoin took only the 17th place in this rating.

Should you invest in EOS now or not? There is no clear answer to this question, otherwise, people would simply read the forecast, invest into the favorites and drink cocktails in Monaco after a year or two. But in all seriousness, the fundamental reasons for the growth of this coin are certainly there. But do not forget that the cryptocurrency market can sometimes be, to put it mildly, not entirely rational. There may be force majeure circumstances that prevent the team from implementing its plans or a new, more technological product will appear on the market. Calculating all the variables in this equation is simply impossible.

Perhaps, the right decision might be to buy EOS only for a long-term (1-2 years). And, of course, it is necessary to follow the rule of financial asset diversification. If you form your investment cryptocurrency portfolio, the share of EOS should not exceed 2%-5% of the total investment in the industry. You can store coins both on stock exchanges and on the multicurrency Exodus wallet. The first option is not entirely suitable for safe long-term storage, so it’s better to use a hot or cold EOS wallet.

4. Conclusion

The startup EOS has made a lot of noise in the cryptocurrency community in 2017, having collected $465 million in the first stage of the ICO. EOS is a platform for developing blockchain-based  applications. It is built on the blockchain of Ethereum. The main advantage of EOS over other projects is the declared bandwidth of the network. According to the developers, the system is capable of processing hundreds of thousands of transactions per second. The project has every chance to replace Ethereum and become the new favorite platform of the industry.

If you are going to invest in EOS, then it might be better to regard this asset for a long term, since it will be possible to fully realize its potential in only 1-2 years.

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Malware From The Pirate Bay May Hijack Website To Steal Crypto

The movies downloaded from The Pirate Bay bring a malware to the user’s computer. That was the conclusion reached by a security researcher, with the nickname  0xffff0800 in Twitter. He told that when he downloaded a movie ‘The Girl In The Spider’s Web’ from TPB, a .LNK shortcut with CozyBear malware got to his computer.

However, the Cozy Bear malware is just a decoy, the real thing that brings damages is Powershell commands. Once the malware reaches the computer, it carries out malicious actions, like disabling Windows Defender and installing viral extensions in Firefox and Chrome browsers. Moreover, it edits the appearance of the website on the user’s computer.

The movie is an application itself which links the computer to the external malicious servers.

Source: Bleeping Computer

Moreover, the newly installed viral extensions can modify the JavaScript code and add some advertisements to the main page, like it is shown below.

Source: Bleeping Computer

What is the most dangerous is that the malware can edit the appearance of the web page and add or change the information without the user’s awareness, this ability allows the malware to steal the crypto. For example, if the user open Wikipedia page on a compromised system, he/she is likely to see the message saying “Wikipedia now accepts donations in form of bitcoin” and a ‘DONATE’ sign. All the donations will go to the hacker.

Source: Bleeping Computer

In addition, the malware is able to change crypto wallet addresses provided on the pages. Unfortunately, you will not even notice how the hacker stole your money.

We remind you

YouTube Will Remove All Videos with Dangerous Pranks and Challenges

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Cryptocurrency Prices Today, January 18: Cryptocurrencies Are Relatively Stable

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coingecko online platform, Bitcoin (BTC) added 1% over the past 24 hours. The price at the time of writing is $3611 per coin.

Cryptocurrencies are demonstrating both slight increase and decrease:

Bitcoin Cash added 0.61% over the past 24 hours and costs $129 per coin;

Ripple grew by 0.21% and costs $0.32;

EOS increased by 2.72%, and its price is $2.51;

Litecoin gained 1.1%, and its value is $31;

Cardano added 1.62%, and its cost is $0.046;

Stellar gained 2.44% and costs $0.10;

IOTA increased by 5.41%, and its cost is $0.31;

Dash grew by 2.21%, and its price $72;

Monero became more expensive by 0.35% and costs $45.

Over the past 24 hours, Ethereum added 0.66%. The rate of the coin is $123.

The total market capitalization is $122 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, this is $64 billion.

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BitPay Transactions Surpasses $1B in 2018, B2B Payments Records 225% Increase

BitPay is a US-based bitcoin payment provider which has recently announced its financial results of the past year. The company has processed over $1 billion in transactions alone. Moreover, its B2B payments record 225% increase in compare to 2017.

The main reason of such a lift-off is that Bitpay added a lot of new clients, like Dish Networks, HackerOne, and the State of Ohio, as well as many other law firms, data center providers, and IT vendors.

The CEO of BitPay, Stephen Pair, commented on this development:

“BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for the second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”

BitPay mostly supports Bitcoin transactions, however, it also supports payments with Bitcoin Cash, Gemini, and Paxos. During that year a lot of companies had to lay off their employees due to the market situation, yet, Bitpay conversely increased its manpower by 78 percent in the past year.

In addition, BitPay is attractive to the investors, in 2018, it raised $40 million in Series B funding round taking the total raised capital to $70 million.

We remind you

Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

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Cryptocurrency Prices Today, January 17: Cryptocurrencies Are on the Border of the Red and Green Zones

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) lost 0.8% over the past 24 hours. The price at the time of writing is $3582 per coin.

Some cryptocurrencies slightly decreased, others added in price a little:

Bitcoin Cash lost 2.6% over the past 24 hours and costs $126 per coin;

Ripple dropped by 1.1% and is $0.32 in rate;

EOS added 0.34%, and its price is $2.44;

Litecoin decreased by 2.66%, and its value is $30;

Cardano grew by 1.3%, and its cost is $0.044;

Stellar fell by 1.73% and costs $0.10;

IOTA lost 3.42%, and its value is $0.29;

Dash dropped by 0.52,% and its price is $71;

Monero became more expensive by 1.21% and costs $45.

Over the past 24 hours, Ethereum lost 2.17%. The exchange rate of the coin is $121.

The total market capitalization rose to $121 billion. Bitcoin accounts for 52.4% of the total volume. In monetary terms, it is $63 billion.

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Crypto Exchange Bittrex Partners With Bitsdaq To Conquer Asia Market

One of the biggest US-based cryptocurrency exchanges, Bittrex, announced that it was partnering with Bitsdaq to open a special trading platform in Asia. This platform will provide different digital assets to the Asian investors.

Moreover, Bitsdaq will operate on Bittrex technology and will be built based on Bittrex’s experience in the blockchain.The platform will allow users to trade various digital tokens, including tokens a available on the Bittrex exchange.

The Chairman and CEO of Bitsdaq, Ricky Ng, said:

“We are honored to bring Bittrex’s extensive cryptocurrency options to the Asia market.….It takes a unique combination of advanced technology and financial expertise to launch an efficient, reliable and secure platform for trading digital assets in Asia. We found the ideal partner to help provide a safe environment for our customers and the entire community.”

In accordance with the statement, the Bitsdaq platform will control a lot of things connected to the management of the platform, such as customer support, marketing, sales and customised development. In addition, it will take care of customer operations.

The day of the launch is yet to be announced, though customers can pre-register for an account on Bitsdaq’s website.

We remind you:

Cryptopia Got Hacked, Crypto Exchange Is Suffering “Significant Losses”

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Coingecko Publishes Its Annual Crypto Report for 2018

The online platform Coingecko published it crypto report for the passed year of 2018, where it analyzed the most important events in the crypto industry, including the market trends, crypto thefts, ICO news, stablecoins, Bitcoin Cash wars etc.

As for the market tendencies, there is no doubt that 2018 was the year of collapse. The total market capitalization decreased by whopping 78.85%, with the main period of decrease falling onto Q4. Meanwhile, the trading volumes remained quite stable.

Regarding the top-5 coins in the rating, they decreased as follows:

  • BTC – by 73%;
  • XRP – by 82%;
  • ETH – by 84%;
  • BCH – by 93%;
  • EOS – by 66%

The largest crypto exchange by the end of 2018, according to the trading volumes, turned out to be Bithumb, followed closely by and Binance.

As for stealing cryptocurrency, the estimated money loss from criminals and scammers amounted to around $867.45 million. The biggest crypto theft was Zaif hack which took place in September and resulted in the theft of $23.5 million.

The most popular blockchain platforms for creating decentralized apps became Ethereum, EOS, Steem and Tron.

The synopsis of the stablecoin development in 2018 looks the following way:

Thus, we can definitely see that though 2018 was a hard year for crypto and there were much more downs than ups, the industry is still afloat and developing. Hopefully, 2019 will be a better year.

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