EOSIO+ Coalition Report — April 28th
In an unprecedented show of cross-network collaboration, the EOSIO+ working group is steadily evolving into a formidable coalition consisting of representatives from four initial founding blockchains: EOS, Telos, WAX, & UX Network. Together, these blockchains have committed $8m in annual funding to advance and sustain development of the open source EOSIO protocol.
Coalition members continue to advocate for broader participation from all EOSIO based blockchains. With weekly recorded calls, the coalition is operating in a spirit of transparency and the invitation stands for additional networks to join when the conditions are right for them to do so.
This is the first in a series of bi-weekly reports tracking the progress of the EOSIO+ Coalition in moving towards fulfilling the coalition’s formative eleven-point statement of purpose, which can be found here.
Coalition Funding
With the coalition just one month old and still in an exploratory phase of identifying key requirements for the yet to be formed legal entity, the ENF has offered to serve as an interim administrative and accounting entity and the coalition has agreed to use EOS as the initial ledger of record, with USDT (Tether) serving as the unit of account.
A multisig treasury account has been created on EOS, and the first collectively contributed and administered tranche of funds totaling $2m USDT has been deposited.
Governance
In line with the active key permissions of the MSIG treasury account, the official voters and vote weight for each coalition blockchain are as follows:
- EOS — Yves La Rose (larosenonaka)
- Telos — Jesse Schulman (foflexityeos)
- UX Network — Guillaume Babin-Tremblay (gnomegenomes)
- WAX — Lukas Sliwka (waxenfvoting)
The second EOSIO+ Coalition call saw further discussion on how to best include and consider development initiatives that may originate from outside the formal coalition. The conversation centered around faster finality, while touching on a number of important considerations relating to group consensus and operations.
Guillaume of UX Network expressed his belief that the core group will generally be unified around common priorities and his desire that the coalition should reach full consensus on significant decisions, only falling back to decisions by weighted vote if there is no other way to reach consensus.
Outside of the formal vote mechanism governing use of funds through the treasury MSIG account, Guillaume has proposed the use of on-chain voting through Simplevote, a smart-contract tool he authored which is currently deployed on Telos and that is intended to create an on-chain record about any votes being undertaken by the group.
“Simplevote is a simple permissioned messaging system to establish a public record of deliberations between chains participating to the common EOSIO core development effort.”
Development
With just two calls since the newly formed coalition began, the group is currently deliberating upon and ranking an initial set of development priorities. Meanwhile, a bundle of complex and interrelated items under consideration have prompted the formation of a new working group known as Scalability+.
Introducing Scalability+
The Scalability+ working group had their first meeting to define objectives and to discuss what KPIs might be used to measure the success of any measures proposed to improve scalability on EOSIO. Issues this group are delving into run the gamut from faster finality to a P2P code rewrite.
Action items from the group so far consist of producing drafts that will detail the following:
- Faster Finality specification
- P2P Code rewrite specification
- Trustless Cross-Chain IBCP specification
- RAM Limitation Fixes specification
- vRAM specification
EOSIO+ Software Development Subgroup
The EOSIO+ Software Development Subgroup has undertaken to define a set of standards and organizational processes to integrate code from outside developers, to determine how various demands for new code development will be prioritized and implemented, and a process for performing ongoing release of new code and code binaries.
Additional written updates from the EOSIO+ Coalition will be published on a bi-weekly basis, and the weekly calls will be made available on the Everything EOS Youtube Channel.
The EOSIO+ Coalition is an organization composed of multiple EOSIO blockchains united to advance and sustain development of the open source EOSIO protocol.
ABOUT EOS
The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal web3 user and developer experiences. EOS is the flagship blockchain and financial center of the EOSIO protocol, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF). For more information, please visit eosn.foundation.
ABOUT TELOS
Telos is the only blockchain that runs smart contracts written for both of the leading platforms: EVM/Solidity and EOSIO/C++. Telos EVM is the most powerful and scalable Ethereum Virtual Machine available. Telos native leverages the speed, scale and power of EOSIO smart contracts and boasts features like the Telos Decide governance engine for DAOs and dapps. Together, these create a smart contract platform built to power the mass adoption power Web 3.0. For more information, please visit telos.net
ABOUT UX NETWORK
UX Network is a feature-rich smart contract platform built for institutional adoption by financial firms. It offers true immutability of smart contracts and user accounts, confidential transactions using ring signatures, predictable fixed-cost on-chain resource allocation, as well as the first fully trustless implementation of a complete native inter-blockchain communication protocol operating without oracles, relayers, merge mining, rollups or trusted execution environments. UX Network is also hosting the QED protocol (formerly known as DelphiOracle), a powerful data feed and oracle solution engineered to securely manage high-value financial transactions on-chain. For more information, please visit uxnetwork.io
ABOUT WAX
The Worldwide Asset eXchange™ (WAX) is the world’s #1 blockchain as measured by both the number of users and by the number of transactions, according to Dappradar.com. WAX is also the leading entertainment NFT network. In 2018, the company introduced vIRLs®, giving consumer product companies the ability to directly link NFTs to physical consumer products. Co-founded in 2017 by William E. Quigley and Jonathan Yantis, WAX delivers the safest and most convenient way to create, buy, sell and trade virtual items and physical products (NFTs and vIRLs®) to anyone, anywhere in the world. WAX has facilitated the trade of more than 100 million digital collectables including Major League Baseball (via Topps MLB collectables), Capcom’s “Street Fighter,” and world-renowned entertainers Deadmau5 and Weezer. For more information, please visit wax.io.
