The analytic agency Weiss Ratings has downgraded technology score of the EOS cryptocurrency due to serious problems with centralization. Moreover, the agency highlights the recent launch of a new social media application called "Voice" did anything to alleviate centralization.
Earlier iHodl reported that Block.one, a developer of blockchain-based ecosystem EOS (EOS), had launched a new social media application — Voice. However, the launch had no impact at all on the EOS price. The lack of price movement may be explained by skepticism from the crypto community side who recently witnessed censorship from the other blockchain-focused social media platform.
At press time, EOS is trading at $6,52 (+1,36%).
Previously, Weiss Ratings said it expects payment networks like Ripple to take over Bitcoin in terms of market cap in years to come
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