The EOS community voted for independent development. Has the era of DAO really come?

特邀专栏作者

2021-12-30 08:23

This article is about 2383 words, reading the full article takes about 4 minutes

The EOS community's resistance to centralization has set a good example for the ongoing development of blockchain decentralized governance.

Written by: Lesley

Data source: EOS Dashbord (https://footprint.cool/eyDW)

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What is EOS

Launched in June 2018, EOS is positioned as a public chain that can run a large number of commercial-grade applications. The vision is to create a blockchain "Windows system" with a million-level transaction processing capability (TPS) to provide support for developers. Initially, EOS raised $4.2 billion, the highest in ICO history. After the mainnet was launched, EOS experienced a wave of powerful ecological explosion, and was dubbed blockchain 3.0, the name of Ethereum killer, and its activity can even compete with Ethereum.

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Footprint Analytics: EOS chain TVL, $1.3b on Dec. 21

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Why did EOS fall?

Most people attribute the downfall of EOS to its development company, Block.one. Development work by Block.one was slow, low quality, and did not deliver on the original promises. Visions such as cross-chain solutions and millions of transactions per second have not appeared on the EOS chain. EOS, which has a financing of 4.2 billion US dollars, does not have the ecological incentives that people imagine. Compared with the current ecological incentives and hackathon activities of various emerging public chains, EOS has disappointed everyone.

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The EOS community said "no" to Block.one

On November 8, Block.one announced that it would transfer 45 million EOS to Helios, a new tool led by Brock Pierce, to create venture capital funds, develop institutional-level financial products, and create infrastructure for developers.

Of the 45 million tokens sold, only 8 million tokens belonging to Block.one have been released, and the ownership of unreleased tokens in the future will be jointly determined by the network. Block.one is selling tokens that do not belong to it, which is strongly opposed by ENF (EOS Network Foundation, and the community representative of EOS). After months of negotiations, the two sides finally decided:

Block.one gave 45 million EOS to Helios, 30 million to ENF, 1 million EOS to the EOS ecological financing platform Pomelo, and 1 million to the governance system EdenOS;
EOS-related IPs, including community accounts, http://eos.io domain names, etc. will be returned to the community;

However, Block.one only donated 32 million EOS to the EOS Network Foundation, Pomelo and EdenOS as promised, and did not return the EOS-related IP to the community as agreed.

For Block.one's failure to keep its promise, ENF freezes the EOS balance of Block.one's account through node voting, and requires Block.one to take out the EOS it holds within one day and return the EOSIO IP to the community. Meanwhile, the EOS community has opted to stop paying BlockOne, the company behind the project.

On December 20, ENF leader Yves La Rose announced in an updated tweet that the EOS community has decided to abandon EOS-related IP and plans to rebuild the EOS IP brand and code base.

In addition, EOS network founder Daniel Larimer expressed his support for this decision in a message: consensus means "voluntary association" and"say no"secondary title

EOS's "Declaration of Independence"

After breaking the relationship between ENF and Block.one, ENF announced its Grant plan on December 10, striving to establish an open and transparent aid application system.

EOS founder Daniel Larimer said that he is developing a future vision, road map and publicity for EOS. EOS will soon be a DAO of DAOs, accounts will be free, and countless people will be rewarded for contributing and inviting others to do the same.

EOS also announced its upgrade schedule.

Summarize

Never underestimate the power of a small group of dedicated people to change the world. They are powerful and unique.

——Yves La Rose

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