03/09–03/15
Daniel Larimer Of EOS: DPOS Built On Top Of Different Technical Consensus Variations
Daniel Larimer, CTO of the Block.one team behind the EOS.IO (EOS) blockchain, tweeted, “every blockchain has two consensus algorithms: automated/objective /technical and manual/subjective/governance. DPOS is a number of different subjective governance models built on top of a number of different technical consensus variations — some that go undistinguished/unnamed.”
Decentralized Identity System Based On EOSIO Adopted By South Korean Army
On January 21, 2020, the South Korean Military Manpower Administration, MMA, launched its decentralized identity system on its own blockchain based on EOSIO. This is the first attempt to use a DID system based on a blockchain adopted by a public institution, according to EOS GO.
The system was developed by the South Korean government’s blockchain public pilot project in collaboration with Raon Secure, a Korean authentication and security company, which provided “Omni One”, the EOSIO-based DID platform.
The MMA blockchain reached over 50,000 usage records during the first month of its release.
Brendan Blumer Praises Binance As True Representative Of Users’ Interest
In a recent tweet, Brendan Blumer speaks highly of Binance, saying it represents token holders’ interest. He said, “Remember when you stake your EOS on an exchange, you are allowing the exchange to vote on your behalf. Binance’s focus on returning rewards back to EOS holders demonstrates their efforts to represent token holder interest. This is EOS governance maturing. Nice job@cz_binance.”
Details Of EOS WPS Proposal Released
EOS Nation has released details of the EOS Worker Proposal System (WPS) proposal, which is a funding mechanism for the EOS Public Network, enabling developers and other value creators to seek funding from the EOS blockchain for their projects outside of EOS block rewards.
The WPS is modeled closely after the DASH Budget Proposal System, which has been successfully funding projects benefiting the DASH ecosystem for over five years.
BB: EOS’s Governance Is Simple And Relentlessly Marches Towards Interest Of Its Holders
Block.one CEO Brendan Blumer, also known as BB, posted a tweet, saying, “With multiple options of 80%+ voter rebates freely available to EOS token-holders, that leaves effective inflation at less than 2%, making it unrivaled in cost to performance output. EOS’s governance is simple; it relentlessly marches towards the interest of its holders.”
Block.one CEO Worried About EOS Nation’s Worker Proposal System
While Brendan Blumer claimed that he greatly appreciates and applauds the work and thoughts that EOS Nation put into ways of potentially advancing the EOS ecosystem, he personally concerned of the effects the recently proposed EOS Worker Proposal System might have on the network.
“Even if the amount is nominal, socially authorizing the BP’s to direct token-holder funds into projects without a clear or measurable return of value is risky, and may open the door to corruption and external scrutiny. Further, the WPS system may alienate EOS from some others in the blockchain community and media, and therefore potentially stake its future largely on the success of the WPS system itself. I am concerned about the risk profile and odds of this bet,” he tweeted.
