Does EOS have a big move on Bitcoin? EOS founders BM and BB frequently show bitcoin

At the 4th DC Blockchain Summit 2019 held earlier this month, Eren Development Company Block.one CEO Brendan Blumer (BB) commented on his views on Bitcoin. Block.one, a company registered in the Cayman Islands, developed the EOS network, one of the largest platforms for building and deploying decentralized applications (dApps), and is considered the largest competitor of Ethereum.

QQ screenshot 20190409122915

BB said that as the first and largest cryptocurrency, Bitcoin has a "fundamental change in meaning." Bitcoin has revolutionized traditional financial transactions and existing limitations.

In addition, he believes that bitcoin is expensive if it takes into account the annual inflation caused by block rewards. According to his estimates, Bitcoin currently requires 1,500 BTCs (new circulation) per day to protect 360,000 transactions, and the security cost per transaction will be $50 to $100, which is not an additional transaction fee. In addition, according to the source, the Block.one CEO said that the limit of three transactions per second on the Bitcoin network is a huge limit on the size of Bitcoin.

As a major supporter of EOS, he has been showing bitcoin recently, he said,

“I also like Bitcoin, but it doesn’t make it fast and cheap. Bitcoin has everything it needs to succeed. Bitcoin will be the world’s largest value storage tool. EOS is not meant to compete with Bitcoin. Designed, it is optimized for different use cases."

QQ screenshot 20190409121753

Recently, EOS founder BM said that EOS has reached a new milestone, creating a new record for the number of “operations” handled in one day. In the end, the network successfully processed more than 70 million times in 24 hours, averaging more than 800 times per second.

QQ screenshot 20190409123333

According to previous reports, two heavyweights of EOS, BB and BM, have recently released news, indicating that they will do big things in June. The community has also been speculating about what heavy news EOS will release. On April 7, BB said on Twitter,

If Bitcoin can flow to the EOS network and be able to trade almost freely and in real time, it can also become programmable and scalable.

QQ screenshot 20190409120120

BB also said that

I am very optimistic about Bitcoin, but I am also very aware of its limitations; Bitcoin and EOS are not one or the other, Block.one is focused on enhancing these two technologies.

QQ screenshot 20190409120134

BM also forwarded the tweet, which triggered speculation that EOS's upcoming big move is likely to be related to Bitcoin. According to Babbitt’s previous report , BM said it will release the biggest news since the birth of EOS.io in June.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Can the community restart and can the losses be recovered? 8 big events to clarify the way for FCoin to defend your rights

On February 17, 2020, FCoin founder Zhang Jian released the "FCoin Truth" announcement. FCoin was unable to...

Blockchain

Pushing the IEO platform and expanding the scale of the currency, why is the conservative Coinbase “flying itself”?

At the end of the IEO, Coinbase, the largest cryptocurrency trading platform in the United States, has heard the news...

Blockchain

IEO re-burns the ring of rich dreams, how long can the dozens of income myths go?

There is no doubt that IEO is the hottest word in the currency. Since January 3 this year, the company announced the ...

Blockchain

SBF trial imminent, let's see what legal experts have to say

Source Coindesk Translator LianGuaiBitpushNews Mary Liu FTX founder and former CEO Sam Bankman-Fried (SBF) will be in...

Blockchain

Three major domestic virtual currency exchanges focus on compliance business and actively engage with local governments and state-owned enterprises

China Times (www.chinatimes.net.cn) reporter Ran Xuedong trainee reporter An Lingfei Beijing reports The currency cir...

Market

Interpreting the Current Situation of Digital Asset Custody Opportunities and Challenges for Institutional Investors

With the increasing popularity of digital assets, the demand for institutional-level digital asset custody from famil...