While Cryptocurrency has been a new resort for investment and transaction purposes, the likes of Bitcoin and Ethereum seems to be topping the chat of demand with claims from many that their longevity is a key.
Breaking the charms, the blockchain startup company that is based in Hong Kong, Block.one yesterday revealed that EOS, after raising over $4 billion through ICO, now runs “the most-used and the most performant blockchain.”
Speaking to Asia Times in an interview, the Head of Developer Relations at Block.one, Serg Metelin stated the milestone was achieved EOS became “the first blockchain that solved the scalability challenge.”
Metelin said scalability has been a long time colossal challenge of Blockchain technologies across the globe, until Block.one co-founder, alongside with software code developer Dan Larimer developed applications that allows the fashioning of blockchains for a particular idea.
He said EOSIO platform now serves as a premise that satisfies developers whose desire is to create scalable applications.
The head developer said while other blockchain companies are still battling with the challenge of solving scalability issues, EOS is now a step ahead of them trying to figure out the adoption blockchain and usability.
The Block.one’s EOS blockchain protocol which came to live in less than four month has started displaying tremendous and elegant aura, all thanks to the team behind the company and the fund raised from ICO.
Of the $4.15billion raised from the token sale, Block.one allocated about one billion for the development of tech entrepreneur projects which would be built on EOS platform for further development of the blockchain.
Metelin reckoned that at the moment, owing to the series of EOS Global Hackathon which had taken place, there are already a couple of hundred projects in development.
Ever since its MainNet launch of EOS in June which saw its migration from the Ethereum ERC20 network for its own, the altcoin has been witnessing myriads of developments.
