EOS (EOS) is proving to be a crypto coin giant. It is the greatest performing coin of 2018 and it has done better than the two leading crypo coins: Bitcoin and Ethereum. Compared to Bitcoin, investors who have invested in EOS have made lots of profits in the first quarter of 2018 and the trend seems far from over. It just got started!
Looking at most crypto markets, they have been on a bearish trend for the better part of the year following some recent developments in Asia especially China, South Korea and Japan. However, EOS has gone against all odd to be the first crypto coin to go past its December 2017 all-time high.
At the end of April 2018, EOS registered an all-time high of $20.34 per token, which is 11% increase from its last high of $18.30 in early January this year.
Although the crypto coin registered a slight drop in the first weeks of May, it has started its way up again and it is expected to hit $25 by early next month. All these developments in EOS are attributed to the upcoming EOSIO 1.0 Release, which will be a game changer to the crypto currency market.
Upcoming EOSIO 1.0 Release
The EOSIO 1.0 release is quickly gaining momentum especially as we get closer and closer to its release. This is setting the EOS market in a very volatile state and we could see a surge in prices any time.
As the EOSIO 1.0 development team, the Block.one gear up for the release, they have been doing some minor system update releases with the most recent being the EOSIO Dawn 4.0 Release.
There is also the recent appointment of the Commonwealth Bank CFO Rob Jesudason as the Group President and Chief Operating Officer of Block.one, showing the weight being put behind this project. With the new leadership comes experience and a lot of expertise to ensure that this projects becomes a success.
What is all this EOSIO 1.0 and what will it do?
EOSIO 1.0 is a software that will enable EOS users/community to get templates or what they are calling examples of smart contracts and general documentation of smart contracts. This will enable them to use smart contracts with the ERC20 EOS tokens.
The software is however not connected to any public blockchain; it is an independent software.
Nevertheless, EOSIO 1.0 will be provided without warranty, so developers and entrepreneurs who are interested in building their own blockchain networks based on the EOSIO, will have the permission to Hard Fork its repository and customize it for their use.
Block. One engineers lead by Bart Wyatt wants the EOS community to take the lead when it comes to using and developing EOSIO software so that it may be of more help to them.