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Block.one will soon start voting for BPs
Block.one will soon start voting for BPs
Blockchain

Block.one will soon start voting for BPs

By Alfredo de Candia - 15 May 2020

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The announcement states that there are already several qualified candidates who are eligible for the voting of Block.one;some known parameters are the following:

  • Number of open-source projects that a BP has developed;
  • Rotary voting, without order and without a fixed maximum number;
  • Voting with 10 million EOS, initially with the possibility of increasing them over time.

As for the criteria to be qualified for voting by Block.one, we find: 

  • The general location of the node has been disclosed publicly through the BP JSON file;
  • Independently operating an API or P2P node that is publicly queryable;
  • The API or P2P node is running EOSIO v2.0 or greater.

All BPs are invited to send their applications with the progress made to [email protected] by May 22nd, so presumably, voting should start after that date.

Considering that they will have to analyze the various emails and check the tools, this could take about a week, so perhaps an estimated starting date for voting could be May 30th, 2020

The criteria may change over time as well as the accounts that will vote: in fact, several accounts have been created and 4.5 million EOS have been unlocked from the NET of the Block.one account which, with the other 6.4 previously unlocked, means 10 million that can be used for voting.

The Block.one post ends by talking about the EOS Foundation and how the team is working hard to achieve an independent model and, once launched, will receive part of the votes from Block.one. So, again, it can be deduced that the EOS Foundation will have its own BP and will actively participate in the blockchain. 

Is 10 million votes enough to change BPs? 

They may seem few but they have taken into account the gap between the first and 21st BP, a gap of just 14 million votes, so getting 10 million more votes can certainly make a difference for a BP. Moreover, if a BP of the EOS Foundation would be established, it is fair to think that almost everyone would vote for the same because “reliable and safe” and then there would only be 20 left to choose from among all the candidates that there are and this will bring a lot of changes within this blockchain, especially on the incentive side for the BP that could lose the rewards from the production of the blocks

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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