EOS (EOS) Technical Analysis: Survives Whiteblock Criticisms, Remains #1 on CCID Rankings, What Next?

EOS managed to fend off the bears this week after blockchain testing company Whiteblock heavily scrutinized the project for not being a blockchain, but a “homogeneous database management system”. Other criticisms included EOS having lower network throughput capabilities than its marketing materials implied along with zero Byzantine Fault Tolerance.

Despite these alleged findings, EOS was able to hold on to its number one spot in China’s latest Center for Information and Industry Development (CCID) crypto rankings; a league table put together by the China Electronic Information Industry Development Research Institute and the China Software Testing Center, which ranks crypto projects based on their technology and applications.

Right now, the asset is looking to close the day with a -1.6%(+/-) fall against BTC, performing within the same range as most other cryptocurrencies in the top 20 today. Will we ever see EOS return to its former glory, or will the asset continue to slide as bad press drives investors elsewhere? Let’s take a look.

This article appeared first on Cryptovest

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