EOS is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. It is powered by the EOS virtual machine and has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS operates on a Delegated Proof of Stake (DPoS) network, where stakeholders have the authority to select node operators. This decentralized nature of token distribution ensures that power doesn't reside solely in the hands of block miners, but is shared among all parties involved in the EOS Network.

EOS is known for its scalability, divisibility, and programmability, contributing to its distinctiveness in the digital currency space.

Algorand

Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24.

Tether Announces Shift to ‘Community Driven Support' Regarding USDT in Eos and Algorand

The crypto firm behind the largest USD-pegged stablecoin by market cap says it is shifting focus to community-driven blockchains. According to a new press release from Tether, the firm behind USDT, the company always takes “community interest” into consideration when evaluating a blockchain.

Stablecoin Issuer Tether Discontinues Support for Algorand (ALGO) and EOS Implementations

Algorand and EOS will get no more USDT as Tether quits minting on those chains, with redemption support only promised for the next year.

Tether Stops Minting USDT Stablecoin on EOS and Algorand

The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.

Tether to Stop Minting Stablecoin USDT on Algorand and EOS

Tether will discontinue support for EOS and Algorand implementations by stopping the minting of USDT on both blockchains today.

Tether discontinuing support for EOS and Algorand, ends USDT minting on both blockchains

EOS Network Foundation's CEO said a community proposal to cap the EOS supply at 2.1 billion tokens was approved.

Proposal to cap EOS supply at 2.1 billion approved, says EOS Network Foundation CEO

Bitcoin

With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.

EOS Network Foundation Founder: Bitcoin Halving Spurs Development of Solutions Enhancing Network Efficiency

History has a habit of repeating itself. As Bitcoin surges again, OGs of the crypto space are resurfacing.

Former Crypto Titans Return From the Dead

Shiba Inu

A new study has shed light on the most popular cryptocurrencies among residents of Michigan. What Happened: The study by Bombastic.com, which analyzed Google search data over the past year, revealed a mix of established players and rising stars capturing the attention of Michigan's crypto enthusiasts.

Michigan's Most Popular Cryptocurrencies: Study Results May Surprise You

According to Yves La Rose, the founder and CEO of the EOS Network Foundation (ENF), the blockchain software company Block.one's failure to financially back the EOS ecosystem after the 2018 initial coin offering (ICO) is one of the many reasons why the community felt compelled to take over.

Block.one's Settlement Offered a ‘Tiny Fraction' of the $4.1 Billion Raised — EOS Network Foundation CEO

In a series of developments that highlight the growing significance of the Japanese cryptocurrency market, both the EOS Network Foundation and Binance Japan have announced major strides in expanding their presence in the country. The EOS Network Foundation on Wednesday announced that the EOS (CRYPTO: EOS) token has received whitelist approval from the Japan Virtual and Crypto Asset Exchange Association (JVCEA).

EOS And Binance Make Crypto Waves In the Land Of The Rising Sun

Under the Payment Services Act, the JVCEA and FSA, two financial bodies, closely monitor and regulate crypto-asset providers, requiring a thorough pre-screening process for new tokens.

EOS Token Receives Trading Approval in Japan

The EOS Network Foundation, under the leadership of CEO Yves La Rose, is actively preparing for what they believe will be the next significant surge in the blockchain sector. Through a series of strategic initiatives, the foundation aims to position the EOS Network to meet the forthcoming demands and challenges of the industry, La Rose told Benzinga in an interview.

EOS Network Foundation CEO Launches Game-Changing Initiatives To Propel Bull Run

ENF claimed that the settlement amount proposed by Block.one significantly undervalues what is rightfully owed to the EOS community.

EOS Network Foundation calls on community to reject Block.one's $22 million settlement

In a recent development within the EOS Network (CRYPTO: EOS) community, its founder Yves La Rose urged community members to explore the possibility of initiating legal proceedings against Block.one (B1), a key investor in the network. According to La Rose, B1 has not fulfilled its commitment to a $1 billion investment, which it had promised at the time of the network's initial coin offering (ICO) in 2018.

Epic Showdown: EOS Network Vs. Block.one — Who Will Triumph?

EOS Network Foundation's founder said the other option is a hard fork to exclude EOS tokens held by B1.

EOS Network Participants Should Consider Legal Action Against Block.one: EOS Foundation CEO

Ethereum

While EOS uses the C++ programming language, the EOS EVM runs decentralized applications written in Ethereum's programming language, Solidity.

EOS adds Ethereum interoperability after more than a year of development

The network is the final testnet before a mainnet deployment in April as part of a broader revival plan for EOS.

EOS Ethereum Virtual Machine Testnet Goes Live Ahead of April Mainnet Deployment

The commitment comes ahead of next month's launch of EOS Ethereum Virtual Machine (EVM).

EOS Network Ventures Commits $20M to Build Dapps and Games on EOS Blockchain

The EOS Foundation will grant funds to EOS-based applications, among other steps, as the platform gears for a “new life.”

EOS Blockchain Plans Second Innings Ahead of April's EVM Launch

Cardano

Crypto analytics platform Santiment is warning that three crypto assets are witnessing negative bias amid their poor price performance year-to-date. Santiment says that traders are beginning to “turn on” smart contract-enabled blockchains Cardano (ADA), Tron (TRX) and EOS (EOS).

Crypto Traders Turning Against Cardano, Tron and One Ethereum Rival, Says Santiment – But There's a Catch

Avalanche

The US-based crypto exchange PayBito has extended its crypto asset list by adding EOS, and AVAX boosting the trading possibilities for digital assets investors. PALO ALTO, Calif.

Global Crypto Exchange PayBito Adds EOS, and Avalanche (AVAX) to Its Coin List

A community driven fork of the EOS blockchain's code adopted by block producers who manage the network will sever ties to former network code custodian Block.one. The post EOS Antelope Protocol update severs network's ties to Block.one and Bullish appeared first on The Block.

EOS Antelope Protocol update severs network's ties to Block.one and Bullish

Positive news helped certain altcoins buck the general downtrend.

Chilliz and EOS Tokens the Best Crypto Performers in August in Bear Market

The token's 28% price surge over the past seven days follows an announcement that Antelope will be used as the supporting protocol for EOSIO-based blockchains.

News for EOS Crypto (EOS)