Bitcoin, Cryptocurrency And Blockchain News

Block.One Gets More Big Boy Investment to Add to Existing $4 Billion

0, the creators of the EOS protocol, have announced that there have been yet more investments in their massive blockchain platform. This most recent round of funding included massive names such as Peter Thiel, the co-founder of PayPal, billionaire investor Louis Bacon, Bitmain co-founder Jihan Wu and hedge fund billionaire Alan Howard. As yet, no investment amounts have been confirmed, and none of the reported investors have been available for comment.

EOS Bent on World Domination

EOS have already rewritten history with their enormous $4 billion token sale this year. The launch in June was met with scepticism, including serious criticisms over security in May, when the launch was delayed after “epic vulnerabilities” were found by Chinese Internet security giant 360. There has also been controversy over the complexity of its supernode voting system, and its article XV, which declares that inactive accounts will be taken over after three years; something that appears to fly in the face of true decentralization.

Nevertheless, the architecture of the blockchain, which is focused on supporting industrial-scale applications, eliminating transaction fees and performing millions of transactions per second, thus solving Bitcoin / Ethereum’s ongoing scalability issues, has gained a lot of positive interest – and investment.

ESO CEO Brendan Blumer said he was “excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.” The most recent investors join other big names in the world of blockchain and crypto, including Mike Novogratz and fintech investor Christian Angermayer.