EOS Rides Again?

in crypto •  2 years ago 

EOS moves to re-establish itself as its token reacts positively, details inside

More details from Messari:

EOS: A Grassroots Rebuild

Beginning in June 2017, B1 conducted a year-long initial coin offering (ICO) on Ethereum. By the end, B1 raised $4.1 billion, by far the largest in ICO history. In 2019, the SEC charged B1 with conducting an unregistered securities offering, and B1 consented to paying a $24 million civil penalty, without either admitting or denying the findings.

Friends indeed. Even supported by the SEC protection money, EOS failed to develop its social media Voice platform, so we're left with a lot of apps that are just the same as everywhere else.

I thought Larimer would have learnt something from Steem, but the same dreadful DPoS cartel system is still in place.

Consensus Mechanism: Along with the rest of the Coalition, the ENF has been working to overhaul Antelope’s consensus mechanism. In mid 2022, EOS, WAX, and Telos agreed to give a 24-month, milestone-based grant worth $3.8 million in their native tokens to UX Network development team 0rigin. The team was tasked with upgrading the consensus mechanism to enable instant finality and developing Antelope IBC.

Driven by 0rigin’s work, the Coalition plans to implement a modified variant of HotStuff, a BFT-based protocol developed by the Facebook team working on Libra, which now powers the Aptos network. The upgrade will enable several improvements including expanding the validator count beyond 21 and bringing near-instant finality. Aside from addressing Antelope’s three-minute transaction process, instant finality will also complement Antelope IBC and allow for near-instant cross-chain messaging. These upgrades are set to go live on the testnet in the summer of 2023, launching on mainnet by the end of the year.

I'd have gone back to source and improved Graphene; it still has some great features that other protocols still dream of, but has become covered in barnacles that need cleaning.

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  ·  2 years ago  ·  

Linking gov directly to stake is just a recipe for cartels.
Just a matter of desire and money.