Huobi to Launch EOS-Dedicated Crypto Exchange in Q1 2019

Singapore-headquartered Huobi is going bullish with EOS as it plans to launch the first crypto exchange dedicated to EOS in the first quarter of 2019, according to Cointelegraph.

Huobi Pool, a cryptocurrency mining arm of Huobi, will launch the upcoming exchange, which will list EOS as the base currency and will allow trading of other cryptos against that.

Huobi is currently the third-largest crypto exchange and handles around $500,000 worth of trades every day, as shown by Coinmarketcap’s data. It recently added EOS on its derivatives platform Huobi DM. With that listing, EOS joined the ranks of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum, which were already listed on the platform. Huobi DM allows traders to take both long and short positions, allowing for arbitrage, speculation, and hedging.

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EOS has been one of the longtime favorites of Huobi. In April, Huobi Pro started campaigning to become a block producer on the EOS Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term.

Big and Controversial

EOS is the token of EOS.IO, a blockchain protocol that is powered by the cryptocurrency. EOS was launched in 2017, and since then, its price has fluctuated between $18 and less than $0.80.

The project received a lot of attention as it has conducted the largest token sale so far raising more than $4.1 billion, even dwarfing its closest competitor - Telegram ICO - by $2.4 billion.

However, EOS also had its fair share of controversies as it has been criticized for being too centralized. Recently, Whiteblock, a blockchain testing company based in Los Angeles, has raised questions on EOS project for not even having the traits of a blockchain. The study, however, was commissioned by ConsenSys, a firm which exists only to promote Ethereum, a competitor to EOS.