{"id":8625,"date":"2018-09-08T00:00:00","date_gmt":"2018-09-08T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/09\/08\/the-eos-team-is-upbeat-despite-losses-in-the-coin-market\/"},"modified":"2018-09-08T00:00:00","modified_gmt":"2018-09-08T00:00:00","slug":"the-eos-team-is-upbeat-despite-losses-in-the-coin-market","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/the-eos-team-is-upbeat-despite-losses-in-the-coin-market\/","title":{"rendered":"The EOS Team is Upbeat Despite Losses in the Coin Market"},"content":{"rendered":"
The coin market has been bloodied as Bitcoin plunged, moving south with the altcoins. EOS lost 23 percent of its value in just 24 hours and many investors in the token that have been described as \u201cEthereum Killer\u201d are wondering when they will start seeing the sort of money they have been hoping for.<\/p>\n
The EOS team does not seem fazed as they work to advance the project through concerted efforts that sometimes seem independent. One of such projects is the EOS Block Producer Benchmark Tool <\/strong>built to enhance the efficiency of the BPs. EOS in its whitepaper stated that the network will be capable of handling a million transactions in a second. Although this target still seems a long way off, the BP Benchmark Tool is another step in the quest to actualize the aspirations of the network.<\/p>\n The new tool was unveiled via a Reddit post<\/strong> one of the EOS Block Producer candidates simply named Aloha<\/strong>. The tool meant to chart CPU execution time from a custom dApp was built through a collaborative research effort of EOS Mechanics.<\/p>\n Built for the purpose of benchmarking, it has been developed to be as accurate as possible across block producers and seen as a valuable tool to improve their efficiency and consequently the overall performance of the EOS network<\/a><\/strong>.<\/p>\n