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Everything EOS Weekly Report — May 16th

Author
EOS Network Foundation
Date
May 16, 2022
Category
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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:

  • EOS: The Full Power of Web3
  • Eden Meetings & Town Halls
  • Alcor Exchange Updates
  • EOS Support Developer Survey
  • Weekly Mandel Upgrade Meeting
  • EOSIO Coalition Report
  • EOS Community Fireside Chat

EOS: The Full Power of Web3

Wired featured EOS in an insightful new article, “EOS Was the World’s Most-Hyped Blockchain. Its Fans Want It Back.”

The article provides a detailed account of how Block.One raised $4 billion in the largest ICO of all time and how the EOS community took our future into our own hands, independently of misaligned corporate interests. This lengthy and deeply researched article provides a high level overview about much of the history between EOS and Block.One, the company that originally developed EOSIO software. The writing is surprisingly well-informed and helps many people learn about EOS, especially since Wired is one of the most popular publications in the world and shared the story with over ten million followers on Twitter.

The story recounts the various commitments that Block.One made to the EOS community that were never fulfilled, such as investing 1 billion dollars to foster the growth of EOS with EOS VC and developing the EOSIO codebase for 10 years. After only investing a small fraction of their committed funds to help EOS and essentially stopping EOSIO development after just a few years, it’s clear that Block.one is not honoring their commitments in any substantial way. Instead of fulfilling their commitments to help the countless amazing, hard working, and passionate people in the EOS ecosystem, Block.One basically stopped communicating with the community and invested their revenue from the EOS ICO into a cryptocurrency exchange to create astronomical profits for a small group of billionaire private shareholders.

In late 2021, Yves La Rose founded the EOS Network Foundation to fulfill the many shortcomings of B1 and provide much needed leadership to help EOS flourish as one of the largest & most independent DAOs in the world. In the following months and after a long series of negotiations where Block.One essentially refused to help EOS in a meaningful way, the EOS block producers executed a code change to stop paying about 67 million EOS tokens that were previously scheduled to vest towards Block.One over the next six years as compensation for their commitments to EOS. The Wired article also details a plethora of other dubious or incompetent actions by Block.One, such as attempting to sell 45 million unvested EOS tokens to Block.one co-founder Brock Pierce and investing excessive sums of capital into Voice, a highly anticipated social media app that recently changed it’s business model to become an NFT marketplace.

As a result of Block.One’s failures and incompetencies, many of their most talented developers resigned from the company over the past year to work directly on EOS and have spoken out about their negative experiences with the company. Daniel Larimer, the creator of EOS, resigned from his role as CTO of B1 to build Eden & ƒractally after stating that Block.one had become unable to build and promote technology that frees people. In the words of another former executive, “B1 was marketing organization selling a token who put up minimum software necessary and then got out.” Several other former employees also spoke about poor leadership and lack of care from B1 CEO Brendan Blumer.

Yves La Rose compared Block.One to Theranos and stated that “Block.one knowingly misrepresented their capabilities… And this amounts to negligence and fraud.” On February 10, we announced the hiring of a law firm to hold Block.one accountable for its past actions and broken promises. The law firm is reviewing all possible legal recourse to seek $4.1B in damages and a 4 Billion DAO is in development.

This Wired article helps raise awareness about the broken commitments from Block.One and tells an important story about how EOS embodies the full power & ethos of Web3. Despite countless broken commitments from a misaligned corporate giant, the EOS community is now thriving with a multitude of great leaders working together and leveraging blockchain technology to create profound benefits for everyone in the world!

Eden Meetings & Town Halls

The Eden community has been buzzing with activity and organizing many meetings to coordinate the future of true democracy with EOS!

This week the Chief Delegates shared their fifth meeting and proposed a bold vision with several big changes, including a request to double the treasury funds, triple monthly fund disbursements, and allocate the additional funding towards teams for various purposes, such as marketing, technical development, and support.

Over the past couple weeks, Bywire News hosted the first two weekly Eden Town Halls on Twitter Spaces. Several Eden Delegates spoke passionately about how Eden On EOS can shape the future of democracy & governance during the first Town Hall and hundreds of people tuned in to hear the insightful discussions. The second Town Hall included exciting discussions about the newly proposed visions set forth by the Eden Chief Delegates. You can listen to the recording from the first and second Town Hall on Bywire’s Twitter account. Join the Bywire Eden Town Halls every Sunday at 16 UTC to learn about Eden and discuss the future of true democracy with community leaders.

In addition to the Town Halls and Chief Delegate calls, there were also many other discussions about Eden throughout the EOS community this week. Chief Delegate Chuck MacDonald shared an introduction and detailed updates about Eden with us during this week’s EOS Fireside Chat. Joshua Seymour has been organizing weekly meetings with many exciting ideas about Empowering Eden Contributors for the past few weeks and Eden Spark is organizing Eden meetings in Spanish.

In addition to joining these meetings, you can watch all Eden Chief Delegate meetings on Odysee or Youtube and read detailed summaries from all Chief Delegate meetings to learn more about the exciting progress of the Eden community.

Alcor Exchange Updates

Alcor announced that the trading UI for their EOS DEX has been completely redesigned with many convenient features, improvements & optimizations.

Alcor has been building with EOS for the past few years to help empower people and democratize finance many useful tools, such as AMM (Automated Market Maker) swaps, spot trading, opportunities to earn yield by providing liquidity, and NFT exchange functionality. New features of Alcor exchange included an updated mobile trading UI, grid system for trading tools, depth-charts, and many more order-book improvements to improve trading experiences with limit and market orders.

These improvements can help create value for EOS in many ways, especially when coupled with the upcoming Yield+ initiative to incentivize & grow yield opportunities on EOS.

EOS Support Developer Survey

With EOSIO core development now in the hands of the community, EOS Support is conducting a survey to better understand the platform and environment needs of developers.

If you are an EOSIO dApp developer, complete the brief survey in your language to help guide the future of EOSIO development. The survey is available in English, Chinese, Korean, Spanish, French, German, Italian, Russian, and Turkish.

EOS Support is an organization started by community members that serves as a concierge for providing user and technical support for customers who use the EOS Network. The EOS Support team offers new services such as coordination efforts for the Mandel consensus upgrade, knowledge base, technical support, and many other helpful services for the EOS Community. You can learn more details about the Mandel Upgrade developer survey from Daniel Keyes during this week’s EOS Fireside Chat.

Learn more about our work with EOS Support in the ENF Q1 2022 Quarterly Report.

Weekly Mandel Upgrade Meeting

Seventeen EOS community leaders met for the fourteenth Mandel Upgrade Meeting to share the latest news and updates regarding the upcoming EOS Mandel Consensus Upgrade. EOS previously operated with the EOSIO software developed by Block One for the past several years, but now the EOS community is developing the Mandel core software independently.

During this week’s meeting, the participants discussed the platform support survey with EOS Support, a full web development environment that emerged from Docker documentation & testing, long term support on Ubuntu, testing Mandel on the Jungle testnet, and much more. You can easily browse a detailed overview of the discussion with timestamps for each topic in the video description on Youtube. You can read the summary notes for this meeting and find summaries & recordings for all Mandel Upgrade Meetings in the Mandel Github repository.

EOSIO Coalition Report

We released the second EOSIO Coalition Report to summarize the exciting progress of the EOSIO Coalition, which is leading the development of EOSIO. After forming the EOSIO Coalition last month, leaders from the initial four founding blockchains pledged an $8 million annual budget and funded a multisig treasury account on EOS with $2m USDT. You can learn much more about the Coalition’s early progress in the first EOSIO Coalition Report and the Everything EOS Weekly Report from May 2nd.

In the past two weeks, the EOSIO Coalition has focused on prioritizing the first projects to maximize the benefits of EOSIO. The report is organized into three major developments: Scalability+, RFPs (Request for Proposals), and the forthcoming EOSIO rebrand. Scalability+ is the first working group initiated by the coalition that is focused on making EOSIO based blockchains even more performant with faster finality, trustless cross-chain IBC, and RAM limitation fixes.The Coalition & Scalability+ group are working on the first RFPs that will enable developers to bid on project contracts to improve EOSIO and there are over 20 helpful improvements that may be released as RFPs soon. Lastly, leaders of EOS & Telos have been working with a brand agency to rebrand the EOSIO core protocol with funding from the ENF and it seems that the new name and identity will be released in a few weeks. The new brand will be managed by the EOSIO Coalition and will help rally all EOSIO blockchains for the exciting next era of collaborative community led development!

You can watch all EOSIO Coalition meetings and browse detailed overviews of all discussions for each meeting in the EOSIO Coalition Youtube playlist to learn more.

EOS Community Fireside Chat

We met with many wonderful EOS community members for the EOS Fireside chat and shared a fascinating, fun, and insightful conversation!

This week, we discussed the Wired article about EOS & B1, the collapse of Luna, Yield+ initiative, Eden overviews & updates, the EOS Hot Sauce, Pomelo Season 2, and the upcoming Mandel Consensus Upgrade. You can listen to the full discussion from this week’s Fireside Chat and browse the video description to see more a more detailed overview of topics. You can also watch short clips from recent Fireside Chats to learn more about a variety of helpful topics, such as the Yield+ Liquidity Incentive Program and the Current Status of Yield+ Blue Paper.

As always, we meet for the EOS Community Fireside Chats every Wednesday at 19:00 UTC. Everyone is welcome to attend and ask questions directly to some the best builders & leaders on EOS, including Yves La Rose, Zack Gall, and Brandon Lovejoy. We will do the next EOS Fireside Chat on Twitter Spaces, which will provide a great place to grow the community and help everyone learn about the profound benefits of 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.

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