EOS did a big jump in price development in early April. Within one day, the price of EOS jumped from less than 5 euros to more than 7.50 euros. Possible reasons are currently being discussed in the crypto community.
The EOS course was on April 10, 2018 at 4.86 euros. On April 13, a local high of 7.56 euros was achieved.
One possible reason for the price increase could have been the release of Dawn 3.0. The update was one of the last important steps from the launch of the Mainnet in June 2018. However, when looking at the chart, it is noticeable that the course on this event has shown no reaction.
Another possible reason is the Airdrop of eosDAC which took place on April 15, 2018. In the past, it has often been shown that "free cryptos" can have a good influence on the price performance of a currency and can often even lead to a pump.
Considering that the pump took place from 10 to 13 April, at least a "rough" temporal correlation can be established. It is surprising, however, that the price went down a little on 13 April.
Equally surprising, from my point of view, is that the price decline has been relatively small. If the pump was triggered mainly by the Airdrop, the course would have dropped a bit more after reaching the snapshot.
In the past few days, it has come out that both ONO, a blockchain-based social network from China and the mining pool Antpool (Bitmain) have applied to become "block producers" on the EOS network.
Block Producers are nodes that play a key role in the Delegated Proof of Stake from EOS. All in all, there are only 21 block producers who generate blocks in EOS Mainnet and receive a reward for their work.
Block Producers (BP) can put themselves up for election by the community. In order to operate as BP, some network infrastructure must be provided to process the transactions.
Just because of the rewards, the position as BP is worth aspiring. Because of this, there is a presumption that Antpool and others might have invested a lot of money in the days of the pump.
Another rumor concerns EOS itself. Because EOS has transferred some of its ingested Ethers, there are voices that suggest that EOS has caused some of the recent increase in demand at the daily auctions themselves.
Which reasons, besides the general positive mood, was responsible for the price increase of EOS, can not be proved. The fact is that the EOS network is live in about two months.
Then it's time for EOS to prove that it really can be the Ethereum Killer. To this day, everything is just expectations and hopes for the future, which are reflected in the price of EOS.
It is also clear that not only EOS is working on the "fall" of Ethereum as the undisputed DApp and ICO platform.
Other projects, such as NEO, TRON, Qtum or Cardano want to replace Ethereum as an ICO platform. The battle for the best ICO platform remains exciting and time will tell which direction the journey is heading.
For Lightning fans next week could be exciting. Both in Munich and in Berlin there are several events and workshops on the Offchain network.
In the Bitcoin scene, the Lightning network is currently the topic. While Lightning is the answer to many Bitcoin problems for some experts, beginners and laypersons often face a mighty question mark when they hear about Lightning. To understand how Lightning works, you have to think a few knots in your brain, and to use Lightning, you have to get involved in the technique.
Three events next week could help here:
The Lightning Network: Introduction and Deep-Dive
On the 25th of April a Meetup with the title "The Lightning Network: Introduction and Deep-Dive" will take place in Munich. The Munich Bitcoin Meetup has as guests Christian Decker, who developed for Blockstream a client for the Lightning network also Dirk Röder and Florian Maier, both from the Munich-based software company MaibornWolff are there. The event will consist of two parts: first general questions about Lightning will be clarified, then it will go into depth, including a demonstration of how to set up and operate a Lightning node. There may also be an expanded Q & A session as well as a panel discussion on scaling blockchains. Let's start at 6.30 pm in the Innovator Space, Münchner Freiheit 7.
For the following day, a workshop and hackathon is planned in Munich, for which Christian Decker and the developers of Fulmo have already promised. More details have not been announced yet.
Blockchain Internals #2: Lightning Network // Zero Knowledge Proofs
For those who do not want to miss all the events next week, it is now time tight. Because on Thursday, April 26, it goes on in the evening right in Berlin. The Blockchain Internals invite to their second meeting under the motto "Lightning Network // Zero Knowledge Proofs". Software developer Lorenzo Manacorda will present the Lightning Network here, including its potential and challenges. Details about the second talk about zero-knowledge proofs are not yet known. The venue is the Native Instruments, Silesian Road 30. Admission is from 19 o'clock in the evening.
Bitcoin Lightning Network Hackday #1
After a break of one day, the next Lightning event will finally take place in Berlin on Saturday. The Bitcoin Lab Berlin hosts the "⚡ Bitcoin Lightning Network Hackday # 1 ⚡" This is the prelude to a series of Lightning Hackdays. Participants can build a Lightning node on a Raspberry Pi, which is provided by the Bitcoin Lab. If you want, you can bring your own laptop to take it home in the evening as a Lightning node. In addition, Stefan will be hosting a multi-hour workshop on the Honey Badger Podcast, immersing you in all the components of Lightning - Payment Channels, HTLC, Onion Routing. Third, everyone can contribute their own ideas, try and discuss. The workshops start at 14 o'clock in Full Node in the Skalitzer Straße 85, end should be around 22 o'clock.
If you're on these days in one of these cities and a Lightning fan I can only recommend you to go to one of these events.
Image Sources:
- Article headers created by myself
- https://twitter.com/EOS_io
- https://bitcointalk.org
- https://twitter.com/ethicomonitor
Have a nice day!
LOVE&LIGHT
