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Research: EOS is not a blockchain, it’s a glorified cloud computing service

Nov01
by on November 1, 2018 at 1:00 pm
Posted In: Around the Web, cryptocurrency, Hard Fork


A blockchain testing company claims it has found something quite shocking: EOS, a blockchain protocol that was worth $4 billion a few months ago, may not actually be a blockchain. In a new experiment, benchmarking firm Whiteblock concluded that the EOS token (and its RAM market) is essentially a cloud service for computation – and is built on an entirely centralized premise. As such, it lacks some of blockchain’s most fundamental aspects, like immutability. The tests were commissioned by major blockchain entity ConsenSys, to establish metrics for benchmarking base-layer blockchain protocols. “Through practical testing and experiments in a controlled laboratory setting,…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

Research: EOS is not a blockchain, it’s a glorified cloud computing service

Nov01
by on November 1, 2018 at 1:00 pm
Posted In: Around the Web, cryptocurrency, Hard Fork


A blockchain testing company claims it has found something quite shocking: EOS, a blockchain protocol that was worth $4 billion a few months ago, may not actually be a blockchain. In a new experiment, benchmarking firm Whiteblock concluded that the EOS token (and its RAM market) is essentially a cloud service for computation – and is built on an entirely centralized premise. As such, it lacks some of blockchain’s most fundamental aspects, like immutability. The tests were commissioned by major blockchain entity ConsenSys, to establish metrics for benchmarking base-layer blockchain protocols. “Through practical testing and experiments in a controlled laboratory setting,…

This story continues at The Next Web

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a couple of laughzillas on a blue diamond background

Become an Adobe Creative Cloud expert with this comprehensive training for $4 per course

Nov01
by on November 1, 2018 at 1:00 pm
Posted In: Around the Web, Offers


Moves like those seek to seal Adobe’s place at the top of the multimedia food chain for years to come — so if you aren’t already up to speed on all CC has to offer, you should get on that with the Complete Adobe CC Training Bundle. It’s available now for only $29, an over 90 percent savings, from TNW Deals.

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