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Block.one: voting starts in May
Block.one: voting starts in May
Blockchain

Block.one: voting starts in May

By Alfredo de Candia - 8 Apr 2020

Chevron down

A few minutes ago, some great news was announced regarding the EOS blockchain: Block.one, the company behind the development of the respective blockchain, will start voting actively on the governance from May.

The press release is divided into 2 parts: the first part contains the news that block.one has created the Public Blockchain Engagement (PBE), a division to connect the company with the various blockchain communities, including the various sister chains that are very active.

The goal is to set up a kind of EOS Foundation that will be the point of reference to bring together all those who actively pursue the development of this blockchain.

The post also refers to the recent record of over 100 million transactions occurred in a single day.

The second part of the press release, instead, concerns governance and, after a brief explanation of how the Block Producer (BP) system works, Block.one explains that it has decided to vote on the BPs it deems worthy of their work.

In a DPoS (Delegated Proof of Stake) system, it is in fact possible to vote in accordance to their intentions, something that the CEO, Brendan Blumer, remarked just a few hours before this press release.

To do this, block.one will use well-defined criteria that will focus on those who have actually made a significant contribution: in fact, there are several BPs that operate in this sense, such an example is EOS Nation that recently created a tool to make decentralized pools or EOSRapid with their video conference app on the EOS blockchain.

Block.one, with its b1 account, has as many as 90 million EOS staked which can move allows some BPs to move to the top 21.

Between the first and the 21st BP, there are only 5 million votes away, and so it would be easy to get the next ones into the top 21, considering that the voting system within the blockchain allows voting for as many as 30 candidates.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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