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Before his work on EOS, Big Money Rush based the digital forex exchange Bitshares in addition to the blockchain-based mostly social media platform Steemit. Like other cryptocurrencies on this record, EOS is designed after ethereum, so it provides a platform on which builders can construct decentralized applications. An accompanying announcement mentioned that the government would assemble experts and financiers to guide Iran’s progress on blockchain developments and that cryptocurrencies might facilitate international trade. Russian financial establishments are launching multiple blockchain expertise projects to float company bonds and hold digital assets in new depository platforms. However, the U.S. position of affect is not necessarily everlasting.