Under EOS' delegated proof of stake system block producers must be elected.
Huobi Pro has announced that it is to campaign to become a block producer on the EOSBlockchain, as the Cayman Islands-headquartered platform surges in value.
Huobi Pro, originally from China, is the third biggest cryptocurrency exchange in the world at the moment with daily trading volumes of almost $2 billion, according to coinmarketcap.com.
EOS is a blockchain which like Ethereum allows users to run smart contracts. Unlike Ethereum however it uses a consensus model called delegated proof of stake.
The proof of stake model is when mining power in the blockchain is defined by the number of tokens held by a user, or node. The advantages of this are that it prevents monopoly and provides incentive. The disadvantage is that it leads to centralisation.
EOS runs on a system called delegated proof of stake, which is similar to PoS but as the name implies delegates decision making and mining power to selected nodes. Blocks are produced by these representatives according to a "continuous approval voting system", which mandates that new producers go up for election every 21 blocks. These block producers are called supernodes.
Under this system those that want to be supernodes must announce themselves; Huobi announced its candidacy through Twitter. It even mentions campaign speeches in its post:
EOS Speakers on Welcome to Huobi Pro X 3 a.m. SUPERNODE PARTY
This follows a similar announcement from another major cryptocurrency exchange, Bitfinex, yesterday. The Zurich-based exchange has even set up a dedicated page with campaign promises including one section called 'community benefit outline'. Other entities running for election include ViaBTC, AntPool, and SuperONE.
EOS is currently number five in the cryptocurrency league with a market capitalisation of approximately $11 billion. Yesterday social trading brokerage eToro announced the addition of EOS to its trading options.
Huobi Pro has announced that it is to campaign to become a block producer on the EOSBlockchain, as the Cayman Islands-headquartered platform surges in value.
Huobi Pro, originally from China, is the third biggest cryptocurrency exchange in the world at the moment with daily trading volumes of almost $2 billion, according to coinmarketcap.com.
EOS is a blockchain which like Ethereum allows users to run smart contracts. Unlike Ethereum however it uses a consensus model called delegated proof of stake.
The proof of stake model is when mining power in the blockchain is defined by the number of tokens held by a user, or node. The advantages of this are that it prevents monopoly and provides incentive. The disadvantage is that it leads to centralisation.
EOS runs on a system called delegated proof of stake, which is similar to PoS but as the name implies delegates decision making and mining power to selected nodes. Blocks are produced by these representatives according to a "continuous approval voting system", which mandates that new producers go up for election every 21 blocks. These block producers are called supernodes.
Under this system those that want to be supernodes must announce themselves; Huobi announced its candidacy through Twitter. It even mentions campaign speeches in its post:
EOS Speakers on Welcome to Huobi Pro X 3 a.m. SUPERNODE PARTY
This follows a similar announcement from another major cryptocurrency exchange, Bitfinex, yesterday. The Zurich-based exchange has even set up a dedicated page with campaign promises including one section called 'community benefit outline'. Other entities running for election include ViaBTC, AntPool, and SuperONE.
EOS is currently number five in the cryptocurrency league with a market capitalisation of approximately $11 billion. Yesterday social trading brokerage eToro announced the addition of EOS to its trading options.
Crypto Mining Company Argo Reduced Losses by 85% in 2023
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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