Worth noting from China-based cryptocurrency exchange CHBTC was its past week’s inclusion of EOS trading on the exchange. The token was listed on July 6th at 11:00 CST within the Innovation Board segment. Now Chinese users can trade in EOS/CNY transactions.
CHBTC’s Innovation Board aims to tap for users innovative value blockchain asset projects. The exchange wants to serve the diversified investment needs of virtual currency enthusiasts by providing enhanced trading services.
block.one, the developer of EOS.IO software, a new blockchain operating system designed to support commercial-scale decentralized applications, earlier this month successfully received 651,902 ether (ETH), which was around USD $185 million at the time, during the first five days of its 341-day long token distribution. In exchange, 200 million ERC-20 compatible EOS tokens were distributed to purchasers (representing 20% of the total one billion EOS Tokens being distributed).
The EOS.IO software introduces asynchronous communication and parallel processing to support hundreds of thousands of transactions per second. The software on which EOS’s architecture is based establishes an operating system-like construct upon which applications can be built and eliminates the requirement for users to pay for every transaction. The software is intended to allow developers to build their own high-performance applications on the blockchain and deploy their own monetization strategies without requiring users to necessarily pay to use those applications.
block.one intends for the EOS.IO software to support distributed applications that have the same look and feel as existing web-based applications, but with all of the benefits of the blockchain – namely transparency, security, process integrity, speed and lower transaction costs.