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09 July 2020

First Mover: EOS Has Still to Prove Itself After Spiraling Down This Past Year - CoinDesk

First Mover: EOS Has Still to Prove Itself After Spiraling Down This Past Year - CoinDesk


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Then last year, Brock Pierce, one of the project’s early backers, said in a public forum that the blockchain ecosystem was a “little bit of a Chinese oligarchy” — implying a troubling lack of decentralization on the network.

Bobby Ong, CEO of price aggregator site, CoinGecko, said the number of block producers controlled by Chinese entities has declined.

Earlier this month, Block.one, the software publisher behind EOS, released a voting criteria requiring block producers to disclose their locations. Officials with the project told CoinDesk that the location requirement could help increase “inclusivity and diversity among block producer nodes.”.

And it’s a key concept in crypto networks that less diversification increases vulnerability: If blockchain gambling were suddenly to end, activity on EOS could nosedive, causing significant, possibly even fatal, disruption

Mati Greenspan, founder of Quantum Economics, said that there was “nothing in my radar that differentiates it from two dozen other top-cap cryptos.” 

Greenspan said one bullish signal for EOS is that it has a large community, “which really goes a long way.” 

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Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
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Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

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