Blockchain testing company, Whiteblock, published the results of a comprehensive research of the EOS blockchain titled EOS: An Architectural, Performance, and Economic Analysis. The study concluded the following: EOS’ architecture is not fundamentally a blockchain-based network Network throughput is less than 50 TPS in a real-life setting Consensus issues No Byzantine fault tolerance Faulty voting mechanism EOS token is solely for purchasing computational power from the 21 block producers (BP) There is no transparency on the configuration and processing power of the BP EOS would need ..read more

The crypto market will soon have a new investment vehicle targeting small scale investors, thanks to investment firm Grayscale. Grayscale Investments has announced that individual investors will soon have the opportunity to invest in its latest offering- the Grayscale Ethereum Trust. According to Grayscale, the Trust is “the first U.S. publicly quoted security” that is exclusively invested in Ethereum (ETH). The investment vehicle also solely derives its value from ETH prices. On Thursday, Grayscale Investments announced that the Financial Industry Regulatory Authority (FINRA) had approved the ..read more

Crypto lender BlockFi has announced adjustments to its interest rates on account balances for bitcoin (BTC) and ether (ETH). The startup, through its monthly update published Tuesday, May 21, has informed customers that accounts whose bitcoin (BTC) balances are more than 25 BTC will benefit from 0.15% increase in interest rate. On the other hand, interest rates for accounts whose ether (ETH) balances the range between 25 and 75 ETH will drop from 6.2% to 3.25%. The interest rates for accounts with bitcoin balances of between 0.5 BTC and 25 BTC remains unchanged, the firm noted. However, accoun ..read more

ConsenSys has announced plans for a major reconstruction exercise at the company, including reworking its operations as a long-serving executive Kavita Gupta leaves her role. The New York-based blockchain startup is looking at a way to maximize its presence within the market and could do with a $200 million investment shot announced earlier. ConsenSys announced its reorganization plans via a press release this Monday. The streamlining goes beyond Gupta’s exit, having been with the company as a founding executive. Gupta has headed ConsenSys Ventures since its inception in 2017 but reportedly to ..read more

Microsoft and a few other companies are sponsoring a contest aimed at bringing new projects to the Ethereum ecosystem. The software giant seeks to accomplish this via contests run on decentralized platform Gitcoin, paying thousands of dollars to the top talent. The project brings together well over a dozen firms that have joined Microsoft to offer bounties amounting to $67,000. The cash will be paid out to teams and individual developers in MakerDAO’s stablecoin Dai. The contests begin with a two-week program dubbed the Ethereal Virtual Hackathon that precedes the Ethereal Summit scheduled for ..read more

Societe Generale Group, a leading French lender, has reportedly issued a $112 million bond via a security token offered on the Ethereum blockchain. The financial provider announced the development on Tuesday, April 23, noting that its subsidiary Societe Generale SFH issued the security token bond labeled OFH. The company’s OFH (obligations de financement de l’habitat) token represented 100 million euros in what is called covered bonds. The issuance falls within a category of security tokens that are ostensibly backed by given assets, and remain as part of the company’s accounting books. On the ..read more

Ethereum is set to implement its proof-of-stake (PoS) consensus algorithm and as part of the process, co-founder Vitalik Buterin has proposed that the community adopts higher staking rewards. Buterin made his proposal regarding the dapp and smart contract platform on GitHub on Friday, April 20. According to him, the blockchain should have 2,097,152 ether issued on a yearly basis when staking accounts for 134,217,728 ETH. Used during transaction validation, the proposal would see network reward stakers at an annual return of 1.56 percent. Ethereum, currently the second largest cryptocurrency by ..read more

Tron’s dominance within the dApps space has seen its volume of daily activity rise sharply over the last year. In 2019, the network has registered over 432,000 users, leading other dApp platforms by hitting a record $1.6 billion worth of activity in Q1 alone. A new report now shows that most of these volumes are derived from dApps in the gambling niche. According to a study by analytics platform Dapp Review, 64 percent of the decentralized applications on the Tron blockchain offer gambling-related games. Users on the Tron network can access gambling dApps such as digital dog racing or a game i ..read more