Everything EOS Weekly Report — January 17th
The Everything EOS Weekly Report publishes all of the latest news and updates from around the world in the EOS ecosystem.
The Everything EOS Weekly Report sources stories and updates from the community members that are part of the English, Chinese and Korean EOS communities. The Everything EOS Weekly Report is the best place to catch up on all the latest news in EOS from all around the world.
This week includes:
- EVM+: Bringing the Ethereum Virtual Machine to EOS
- Yves La Rose Hints at a New Yield+ Working Group
- A New Addition to EOS Network Foundation Roster
- How to Prevent Name Squatting by Dan Larimer
- EOS Account Name Service Proposal by Dan Larimer
- ENF China Pomelo AMA Event
- Pomelo Season 1 Matching Pool Distribution Analysis
- Greymass Progress Update for January 2022
- Fast Finality Proposal
- ZEOS Updates
- Helios Rising Light Incubator
- ENF Press Release Picked Up by Yahoo Finance and Business Insider
- Upcoming EOS NFT drops: “Clicktrack” & Mr. Wells — EOS NFT Drop
EVM+: Bringing the Ethereum Virtual Machine to EOS
In this Medium article, the EOS Network Foundation sheds more light on the current plans for the EVM+ working group. Due to the unique nature of EVM+ working group, the team will not be publishing a bluepaper and will instead focus directly on implementing an Ethereum Virtual Machine on EOS. Led by EOS Argentina, the team has taken inspirations from the Telos EVM implementation as well as advice from Syed Jaffri. Here are some key items the team is currently working on:
- Smart contract level implementation versus native nodeos means (easy to implement, easy to upgrade)
- ETH precompiled contracts as EOS intrinsics (fast & optimized)
- Full RPC compatibility
- Deterministic gas usage/billing
- MetaMask support for both EVM and EOS VM runtimes
Yves La Rose Hints at a New Yield+ Working Group
There’s been very little information shared about the new Yield+ working group but one can assume it will be about creating new opportunities to generate yield for your EOS stake. For now the ENF is asking its followers to tag community members who would be well suited to join this working group. Head on over to Twitter, share the news and tag some EOS investors!
A New Addition to the ENF Roster
Brandon Lovejoy, long time active member of the EOS community, has been hired by the ENF to help with communications strategy. Congrats Brandon, we look forward to seeing more engaging content from the ENF!
How to Prevent Name Squatting by Dan Larimer
In this Medium article, Dan Larimer shares his thoughts on the current EOS Premium Name algorithm and how to potentially improve it.
After giving a brief overview of the name-squatting issues faced by a variety of technology platforms, Dan states that a name allocation system should try to maximize the availability of names while mitigating the risk of squatting.
He touches on the current advantages and disadvantages of the current naming algorithm on EOS and identifies three new approaches that could be taken: dynamic, hybrid and political. In the end he recommends a hybrid approach that still “rate-limits” the amount of names given out but could ensure that new name auctions end within 24 hours while.
EOS Account Name Service Proposal by Dan Larimer
In his next Medium article, Dan Larimer shared his ideas on how to revamp the EOS account system in order to allow developers to build more user-friendly experiences and to make it easier than ever to purchase premium account names on EOS.
The core of the system for new EOS accounts involves having randomly generated EOS account numbers and the ability to attach those to a “pretty-name” registry if the user chooses to do so.
The existing premium name auction system would be abandoned and all current bids would get refunded. The new bidding system would adjust prices using a system similar to the Bitcoin difficulty adjustments allowing for “pretty-names” to be claimed much more rapidly than right now. If premium names are allocated at an average rate of more than 1-name-per-hour the price of “pretty-names” goes up by 5%. If the average allocation rate is lower than 1-per-hour, the price goes down by 5%.
These changes would allow the network to:
- Maintain its highly-performant EOS account system
- Allocate a greater number of “pretty-names” than currently available
- Attach an IPFS address to a “pretty-name” for additional information
- Include the ability for users to resell “pretty-names” if they are not yet attached to an EOS account.
EOS Network Foundation China: Pomelo AMA with Daniel Keyes
On January 14, 2022, the EOS Network Foundation Chinese team held an AMA event. The event revolved around Pomelo, and discussed how Pomelo can build an EOS version of Gitcoin in all aspects. Daniel Keyes, CEO of EOS Nation, gave a great speech about the ambitions of Pomelo and the results of season 1. Participants to the event were eligible to receive some POP Token NFTs as well as EOS prizes for those whose questions were chosen to be answered.
This event has attracted extensive attention from the Asian community, both from within EOS and the wider crypto community. Visit the EOS Foundation China Twitter account to find a recording of the event.
In this Medium article, the Pomelo team shared some detailed information about the matching pool distribution analysis they conducted and the impact on various grants. This analysis was performed to verify that grant owners and donation contributors followed the terms and conditions of the Pomelo crowdfunding platform.
Including the matching pool, donations from users and the .gems Pomelo NFT sales, an impressive US 635,869$ was raised for public goods on EOS! The majority of that went to grants for infrastructure (34.7%) and ecosystem growth (30%).
The Hu-Fi Movement grant was disqualified due to offering a quid-pro-quo for their contributors and the Immersys grant was flagged for community review due to their distribution of proof-of-participation NFTs to their contributors.
Some collusion was detected among various groups of donors which led to these donors being collapsed and counted as a single donation. Finally, a breakdown of the reduced and increased allocations to various grants was provided.
Greymass Progress Update for January 2022
Greymass released their first progress update of the year which includes a list of the various projects they’re working on in 2022, updates to existing projects and great visual representation of various analytics and data. They’ve also announced that they’re expanding their team for the first time in years and are looking to hire employees to help them build their products/services as well as administrative staff. Reach out if you’re interested in joining this great team!
Here’s a breakdown of their current projects for 2022:
- Unicove, an easy to use web wallet.
- Anchor desktop rewrite for better alignment with mobile versions.
- Roborovski, a custom and efficient API solution to be released for public use.
- New dApp to serve as source of verifiable truth and discovery engine for application (details coming in Wallet+ bluepaper)
- New suite of EOSIO SDKs (proposed in Wallet+)
- New APIs (flowing from API+)
Fast Finality by Clarion
The Clarion team has been working on a proposal to drastically improve the finality time of blocks on EOS. The current proposed solution would reduce the finality time to only 1 second! Head on over to Discord in the Core+ channel to find the chat thread discussing the proposal for faster finality by user “SW” and “CC32D9”.
ZEOS Updates
Following the ZEOS airdrop to PEOS holders, the ZEOS team has been hard at work on their road to implementing ZK proofs and rollups onto the EOS mainnet. As stated by EOS developer James Mart “ZK proofs and rollups are the future of multi-chain (as opposed to cross chain) scalability. This is *extremely* important work.”
The ZEOS team was proud to announce this week that their zk-SNARK verifier has been successfully deployed and utilized on an EOSIO testnet and executed the first zero knowledge proof verification using the DAPP network!
Helios Rising Light Incubator
This week marked the start of an 8 week course for the first 10 projects accepted to the Helios Light Incubator. This incubator course focuses on facilitating projects to become more eligible for funding by helping with various aspects of pitch deck preparation, such as:
- Value Proposition
- Journey Mapping
- Prototyping
WebX: Looking forward to the development of EOS DAO in 2022
WebX Labs, a well-known Chinese blockchain project, released the 2021Crypto Annual Review Report. In the report, WebX Labs reviewed the EOS Network Foundation negotiating with Block.one and finally stopped releasing tokens to Block.one.
The article emphasizes: The EOS community hopes to leave Block.one and develop independently. After this incident, EOS has become a DAO in the true sense.
In the report, WebX Labs also mentioned the six core working groups established by the EOS Network Foundation, and introduced high-quality projects in the EOS ecosystem. WebX Labs is looking forward to the development of EOS DAO in 2022.
ENF Press Release Picked Up by Yahoo Finance and Business Insider
After waiting until the holidays had passed, the ENF published a press release on Friday, January 14 via Accesswire to officially announce the recent transfer of an additional 6.5m EOS funding to ramp up operations and investments into the EOS ecosystem going into 2022.
The press release was also picked up by Yahoo Finance, Business Insider, Tech Telegraph, and Digital Journal to further distribute the news to the wider blockchain and business communities. Reaching audiences outside of the existing EOS community will continue to be a priority for the ENF as it looks to expand its reach.
“Clicktrack” by Gavinski & Mr. Wells — EOS NFT Drop
“Clicktrack” is presented by the .gems team and features a collaboration between the artists Gavinski & David Wells. This audio-visual NFT dropped on Sunday the 16th of January at 15:00 UTC and offered 21 mints, each for sale for 10 EOS.
EOS Network
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).
EOS Network Foundation
The EOS Network Foundation (ENF) is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.
