Block.one Absorbs Team Behind Now-Defunct Block Producer EOS New York
EOS creator Block.one has acquired the team behind once-prominent block producer EOS New York, which has now entirely ceased operations.
EOS is similar to Ethereum in that it is a blockchain platform which allows decentralised apps to be created and developed. The platform should effectively provide its own operating system including cloud storage and has the ability to process one million transactions per second without any fees. A notable distinction is that transaction confirmation is done through a democracy like system where block producers are chosen by the entire EOS ecosystem through voting known as delegated proof of stake (DPoS). Block.one created EOS in September 2017 and it now has over 100 decentralised apps (dapps) with at most 6,000 daily active users.Blockchain 101
Nearly two years after EOS first launched, the so-called "ethereum killer" has been able to surmount some of the problems that have previously hamstrung it. But is that enough?
Block.one has issued its own set of criteria to use when voting for EOS block producers, perhaps controversially including where they are based.
EOS, Tezos and XRP have not seen high levels of intended use, according to a new report from researchers in London.
The plaintiffs – a crypto fund and an individual investor – are seeking compensatory damages from Block.one and other defendants.
Block.one says the time is right for it to take an active role in the EOS community voting for block producers.