EOS Wins BlockWorld 2018 Award “BlockAward” For Best Protocol Platform

EOS Awarded the Best Protocol Award At The BlockWorld Conference

EOS awarded the best protocol award at the Blockworld conference in San Jose, California, a development that has affected the value of the cryptocurrency in the past 24 hours.

EOS, The Cryptocurrency With The Best Protocol

As revealed by the official Twitter handle of EOS on the 31st of August 2018, the project was given the award of cryptocurrency with the best protocol.

The award was given at a ceremony tagged “Block Award” at the Blockworld event held at San Jose, California. The Blockworld conference was labelled ‘Developing the Decentralized Cloud'.

The conference features the discussion on; the Internet 2/0 & the future of the Web; Ethereum & Smart Contract Development, Innovation; Blockchain, Governance, Compliance; Blockchain & financial technology innovation and dApp development.

Notably, the best protocol award makes it the second recognition received by the project within a month. Recently, the EOS blockchain project was ranked highest, by the Ministry of Industry and Information Technology, a Chinese governing body, in its cryptocurrency index ranking.

Why EOS Has Gained So Much Attention

The cryptocurrency ranked as the 5th largest in the world, has some exceptional qualities that have endeared it to the cryptocurrency ecosystem.

The EOS network is a decentralize operating system that can support industrial-scale decentralize applications, with the ability to conduct millions of transactions per second. This makes it scalable to adopt millions of users on Dapps built on its blockchain platform.

This quality has recently made Pornhub adopt EOS for tokenization of its viewership and also Emanate, a Sydney based firm that is set to transform the musical world with blockchain. Emanate aims at making musician and media content creators at large earn what’s rightly theirs without sharing proceeds from their hard work with a third party.

Rise In The Value Of EOS Within The Last 24 Hours

News and its impact on cryptocurrency are inseparable, as the positive events influence the cryptosphere positively and vice versa.

Meanwhile, over the past 24 hours, the value of EOS has seen 4.89% increase, trading at $6.72, and a market cap of $6.08 billion, with a trading volume of $907 million in 24 hours.

The increase in value can only be attributed to the award, as the subject of its scalability endears it to members of the cryptocurrency community. However, some crypto enthusiast reckon with the award while some are indifferent, as a Reddit user stated that

“it may be a pat on the back but the team behind EOS are incredibly passionate individuals working together to fulfill a cause that they are aware is much bigger than themselves. This caliber of collaborative purpose will always win a battle against those whose biggest motivation is self-gain.”