It was only a week ago that block.one, an industry leader in blockchain software solutions announced that the EOS.IO Single Threaded Application Testnet (“EOS STAT”) was ready for release.
If you were wondering what attributed to the epic price rise in EOS from 1$ to 4$ we just saw in the past month, its because of expectations for this release. According to EOS this development was a huge milestone for block.one and meant that development was actually ahead of schedule. In the crypto space being ahead of schedule on roadmaps is a major confidence booster and often results in speculative trading normally pushing prices upwards.
With this development coming out early, the internal team will be free to work with the development community from now until the release of the EOS.IO Multi-threaded Testnet in 2018.
I've read on the net that we can expect the blockchain to a actually go online in June of 2018 so there is plenty of time to stock up on tokens between now and then!
EOS STAT will be a simulation of the EOS setting, including features that allow developers to evaluate, build, and test decentralized applications in a public environment, including the ability for potential Block Producers to evaluate EOS.IO.
This will include twenty one block producing nodes with one node per host which will have a one second block time. This is cut down from the prior three second block time.
The word on the street is that EOS is expected to go into double digits within the next few months. Hardly surprising for a project that is backed by one of the greatest blockchain developers of all time, Mr. Dan Larimar (maker of Steem and Bitshares).
What do you guys think of EOS? Is there good reason to be excited here? Does anyone have any additional information to contribute about the success of the testnet recently launched?
Thanks for reading!
Source:
block.one Team Reveals EOS.IO Single Threaded Application Testnet - The Merkle
Image Source:
The Merkle
It's definitely one to keep an eye one. I'll be waiting a couple of months to see their progress before spending any money here though.
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That sounds like reasonable strategy here. I've been hearing a lot of big crypto players rumbling about it and getting excited about EOS. Can't risk going against the tide when it means missing out on profits! Hope the news that comes out in the next few weeks is double plus good eh?
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Double plus good. Haven't heard a 1984 reference for a while. :D
My wife owns a necklace that says that phrase.
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Yep, caught it! Hope we're not doomed to repeat history as Orwell has implied in his wonderful novels...
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Got a bit of EOS but unfortunately after it hit about $3.
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That is a shame... I was holding at 1$ and sold it... Makes me feel like a clown but I've bought back what I had for 3x the price...
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Haha, I did same with litecoin, I had some when it was $100 Australian dollars and it was pretty steady so exchanged it 4 other crypto and just recently its hit $400 AUD. I just bought half a coin back.
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I considered buying it at 0.45 and decided to wait for more progress. Since they are still issuing new tokens it's worth comparing the price they are going for there to the market price. I actually haven't recently.
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Was the price partly boosted by bitcoin? In which case it might come down to a more realistic value when bitcoin price is corrected.
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Yes that is definitely possible but I think its more to do with the scalability issues of other platforms and the hope that EOS will solve that problem.
@originalworks
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