Cryptocurrency
EOS Revisited: Investors Take Another Look at the Longest-Running ICO via @coindesk
As Coindesk reports, “Another blockchain for smart contracts? “As surprising as it might sound, there’s a respect for incumbency even in the world of cryptocurrencies. As such, when the upstart EOS protocol launched last year with the ambition of improving on innovations like ethereum (themselves just a few years old), incredulity was in ample supply. “Intervening months haven’t […]
As Coindesk reports, “Another blockchain for smart contracts?
“As surprising as it might sound, there’s a respect for incumbency even in the world of cryptocurrencies. As such, when the upstart EOS protocol launched last year with the ambition of improving on innovations like ethereum (themselves just a few years old), incredulity was in ample supply.
“Intervening months haven’t exactly helped this perception. But despite the skeptical experts, not to mention the very public derision of talk show host John Oliver, the EOS project has raised more than $2 billion in ether from the sale of EOS tokens, which will power its forthcoming network.
“It’s a notable success given the ICO was done differently than most other issuers, starting in summer 2017 and staying open through a series of auction periods through June 1 of this year.”