EOS Voting: At This Pace, Blockchain May Go Live Within Days
Cryptovest
Published Jun 14, 2018 03:24AM ET
Updated Jun 14, 2018 03:41AM ET
EOS Voting: At This Pace, Blockchain May Go Live Within Days
The good news is that the pace of EOS voting is slow, but regular. In 24 hours, the voters expanded from 6% to 9%, and thus, within a day, about 3% of token holders have cast a vote. In the meantime, the EOS blockchain is producing blocks, but is in a limbo, an unverified state. So at the moment, the EOS digital asset is useless for anything but voting, unless it is traded on exchanges.
The EOS market price hardly seems to budge, standing at $10.25. But a curious tidal shift has happened - the influence of Tethers (USDT) is increasing each day. Usually, USDT pairings make up about 22% of EOS volumes. But now, this share has expanded to 34%. EOS remains one of the most hotly traded assets, and is contributing to the even more active flow of USDT tokens. USDT trading reached more than 18% of the total market, as fiat liquidity retreated and Bitcoin prices fell below $7,000.
!EOS!
The EOS voting is also happening through the assistance of Bitfinex, but it is still unknown what share of votes the exchanges would have. The process is still being encouraged on social media, and recently a group of block producers endorsed a tool that is deemed secure enough for the moment:
“Exhaustive security audits on all third party wallets, browser extensions or voting portals have yet to be completed (though we encourage submissions!). However, if you want to vote now with an intuitive graphical user interface, the Block Producer Candidates listed at the bottom of this joint statement endorse the use of the Greymass EOS Voter wallet for Windows, MacOS, and Linux. ”
The EOS voting process may represent danger, as it requires the usage of the private key, similar to signing a transaction. Users are urged to be skeptical of third party wallets, voting tools, or other links they may have doubts about.
This article appeared first on Cryptovest
Get The News You Want
Written By: Cryptovest
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.