CWC Newsletter #45 (November 18, 2020)
By Taylor Ryker, Analyst
Welcome back, Team EOS and EOSIO. Crypto Twitter is in a frenzy over the coming bitcoin bull run with institutional money flowing into the crypto space. Greyscale’s and Microstrategy’s recent acquisition of hundreds of millions of dollars worth of bitcoin indicate the growing appetite by traditional companies.
What does this have to do with EOS? While some investors may want to jump ship to benefit in the rising valuation of bitcoin, the short-history of cryptos have shown us that first comes the bitcoin pump and then capital flows into altcoins like Ethereum and then into EOS.
Bitcoin on Ethereum is a growing space where Bitcoin token holders can experience the boom of DeFi on Ethereum. However, who wants to pay for expensive transaction fees and wait for a period of time for the transaction confirmation? I don’t and with the coming mass adoption, no one will. But Ethereum and Bitcoin is where all the liquidity is at for the moment.
These new holders of Bitcoin and Ethereum will demand fast-second transactions that are feeless to them (read: the dApp will be forced to pay for users’ CPU resources). No one will want to wait for slow dial-up like transactions.
They will be incentivized to seek alternative blockchains that offer the aforementioned expectations but with access and compatibility with their Bitcoin or Ethereum. The alternative blockchains that are best positioned to reap the influx of capital into crypto will be those that have bridges to Bitcoin and Ethereum.
EOS is that blockchain that is becoming equipped with the necessary tools that dApps are adopting to bridge with Ethereum and Bitcoin. This newsletter will revisit my previous post on the potential collaboration between EOS and Ethereum. Since then, more services, bridges, and tools have been released and dApps are beginning to utilize them.
For the rest of the Newsletter: https://www.coolwavecapital.com/post/news45
via EOS - The Blockchain for Commercial Scale https://www.reddit.com/r/eos/comments/jwlkkd/crypto_two_chainz_bridging_liquidity_to/
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second.