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Crypto Winter Bites as EOS Faces Lagging Blockchain Development

Crypto winter bites as eos faces lagging blockchain development

Crypto Winter Bites as EOS Faces Lagging Blockchain Development

Crypto winter bites as eos faces lagging blockchain development

Development on $3.3 billion cryptocurrency EOS has slowed to an absolute crawl, and it’s not the only smart contract platform where GitHub commits have plunged in recent months.

Major Crypto Blockchains See Reduced Commits

According to data from Longhash, development on EOS, Ethereum, and Tron has drastically slowed over the past three months.

If we consider the holiday month of December, where it is well-known that development virtually everywhere slows down, there are still two full months (November and January) of good developer time to account for. Of more than 4,000 commits in the past 12 months, only 114 took place in the past three months on EOS.

Ethereum and Tron also saw declines, though not as extreme.

None of the three blockchains were among the most active in terms of development – at least according to CryptoMiso.

The top 10 blockchains include some lesser-known outfits like Aelf. | Source: CryptoMiso

Insolar is by far the most active development team, with some Ethereum-linked projects represented as well. Raiden and 0x, both scaling solutions for Ethereum, have a high degree of development by comparison to the vast sea of blockchain platforms. Interestingly, Aelf continues its rapid development. A progress report from earlier this month gives positive signs for the community.

If you expand the table to the past nine months, instead of the past 3, EOS ranks #9. This chart illustrates the decline in developer activity:

Development has sharply declined over the past nine months. | Source: CryptoMiso

EOS Developer Count Steady Despite Plunging Commits

More than 100 EOS contributors had over 2,700 commits approved in the past nine months. The past three months? 114 by more than 100 contributors. At the very least, the number of developers working on EOS hasn’t declined.

The news follows concerns that EOS blocks are oversized. Apparently, the chain is so large now that many node operators no longer want to run “full history nodes,” which can be crucial for some aspects of EOS development. EOS is a different animal altogether when it comes to blockchains, having an “arbitration court” that can reverse fraudulent transactions.

When looking at the outside of GitHub development, the number of commits on a punch card might seem the most important figure. In fact, a single commit can change one line or every file in the codebase.

It’s possible that the EOS development team has changed its policy about pushing commits, choosing to “squash” changes together and release updates on a more consistent schedule. The sustained number of developers would indicate that development is actually ongoing, but perhaps the methodology of publishing changes has been altered.

It’s also possible that the decline in developer activity is attributable to the crypto winter. Last year, before the start of the crypto winter, several early company members left Block.one, the primary developer of EOS.

Published at Sat, 02 Mar 2019 00:06:04 +0000

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CoinDirect Runs ICO to Offer Decentralized Platform for Casino Industry

Blockchain developer Nico Ami Lee announces the opening of the CoinDirect.io – an open source platform for online gambling where bitcoins & other major cryptoassets will be sent directly from player to player eliminating the third party. 


The mission behind project is to decentralize gambling experience further by moving casinos away from managing player’s funds with help of well-established blockchain networks such as bitcoin, Ethereum & BitShares.

Cryptocurrency became the choice for many online. However, it did not solve one of the oldest problems of online casinos – transparency of the house and high fees. Up until today online casinos try to stay transparent with a method called “Fairness Check”, but often it does not work effectively as casinos always have the power to hide crucial information from the player.

In order to prevent this from happening all casinos need to undergo regular and thorough audits. This leaves casinos dependent from the auditors and additional costs associated with such compliance increase costs in operating a gambling business.

Nico Ami Lee a co-founder of the CoinDirect.io, explains the potential of the upcoming project: “With such application platform customers can conveniently develop, run, and manage blockchain layer applications without the complexity of building and maintaining the infrastructure typically associated with developing or launching an app.

The code execution platform enables developers to build and deploy a decentralized, automatic management of funds into almost any casino application without incurring any start-up costs. Therefore we create a truly transparent and decentralized solution to heavily regulated and relatively conservative market.”

With the help of CoinDirect existing casino networks can save millions and new-players may get into the market with much less effort and costs. Main advantages of the platform:

1. Complete transparency, therefore no need of additional auditing

2. Very low gambling fees

3. Full control of funds

4. Instant transactions

5. Direct money transfers from player to player & much more.

An idea of establishing a blockchain PaaS company has been developed since 2015, and in early 2017, the legal entity of “Coin Direct Ltd.” was established. Company is headquartered in Honk-Kong and operates as a small team of 5, plus several supporting members.

Team is raising money with help of crowdfunding campaign for further platform development. Company plans to launch a Beta version in October 15th and start mass-scale marketing of the platform from 1st of January, 2018. The token presale has started on 1st of April, 2017, ends on 31st of August, company issues 6,500 tokens on bitcoin network. These tokens are designed to be used for dividend distribution and voting on the CoinDirect platform.


Images courtesy of Coindirect.io, Shutterstock

The post CoinDirect Runs ICO to Offer Decentralized Platform for Casino Industry appeared first on Bitcoinist.com.

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