Buy The EOS Rumor, Sell The News? Dan Larimer Pegs June Timeline For Big Things Coming To EOSIO
“Buy The Rumor, Sell The News”, EOS Has Big Things Coming In June, Reveals Dan Larimer
There has been a lull for the fifth largest cryptocurrency as no major announcement has come since the launch of EOSIO. However, according to Dan Larimer, EOS have finally big things coming up.
The software programmer who created crypto platform BitShares, co-founded Steem and is a CTO at Block.one, the company behind EOS recently revealed on Telegram that “June will be the biggest news since Eosio announcement.”
Well, that’s to be seen what would be the announcement and how exactly it will impact EOS. However, it could be expected that EOS price will start making its way upwards as it’s all about “buy the rumor and sell the news.”
Meanwhile, EOS has been working on improving the performance and adding multi threads to nodeo. Moreover, updates might be coming up between now and June, stated Larimer. EOS is all set on its marketing as there will be a teaser coming up as well.
Larimer Takes A Swing At Ethereum & Litecoin
However, Larimer didn’t just stop here with the upcoming updates, in response to how many developers EOS has in comparison to ETH, he says the focus should be on “quality over quantity,” and Ethereum has so many devs because quote, “their solutions are overly complicated by poor initial design.”
He further said that no amount of developers can fix that is wrong with Ethereum unless they “pitch fork” to EOS.
As for Litecoin, he said,
“The fact that you consider LTC and EOS in the same category shows that you only care about currency use as a token.”
And there is no love lost between Cardano (ADA) and Larimer as one EOS enthusiast wrote, “Ada has no love here. Please don’t get Dan started on this.” to which Larimer replied with a simple, “a duh.”
Where Is EOS At?
When it comes to scalability, EOS boasts of 4,000 transactions per second that beats most other blockchains. However, the challenge for developers is RAM. It is a general storage space in the EOS memory database that developers must acquire to launch their dapps.
Last year, its prices had skyrocketed as speculators took to buy RAM in hopes of selling it later at a profit. Though the prices have settled since then and EOS block producers have voted to increase its volume to a new cap of 128 GB by this year-end, in terms of Dapps, Tron has outperformed EOS and with Ethereum’s Plasma scaling solution, ETH would outpace it as well.
At the time of writing, EOS has been trading at $3.67 with 24-hours gains of 0.28 percent and is up by 0.22 percent in the BTC market, as per the data provided by Coinmarketcap.