Block.One will not launch its social network in EOS

In June, when, the company behind the largest initial coin offering (ICO) in history, announced its challenging Facebook social network, Voice, promised that the blockchain would run on the main EOS network. The plans have changed.

Voice is destined to be a new type of social network, one with built-in cryptography and another that defeats bots by verifying the identity of each account. The company was silent on Voice for months after the summer announcement, but then, in December, it revealed a release date for Voice on February 14.

With this announcement came additional details, such as a frequently asked questions page on the Voice website that revealed that the new application would run on a private implementation of the EOSIO software. In fact, it never undertakes to run on EOS. Frequently asked questions say the following:

“While Voice is in beta and in a highly iterative state, it will run on a custom-made EOSIO blockchain. Over time, we would like Voice to take advantage of the public EOS blockchain, and potentially others that can meet the demands of performance and Voice government. “

This was contrary to an unequivocal statement in the June press announcement of Voice: “ will launch the Voice platform on EOS Public Blockchain.” In addition to showing its commitment to run on EOS, reserved 3.3 million eos of RAM at the end of May on the main network.

While never confirmed this, most observers interpreted this as a bet to run the computing power behind Voice. In EOS, users block RAM in the blockchain to reserve part of the computing power of the blockchain.

CoinDesk asked to explain what changed between June and December, but a spokesman declined to give more details.

It is worth noting that builds software but other organizations run it. He created the EOSIO software and a coalition of organizations around the world launched what has been considered as the main EOS network.

According to market capitalization, it is ranked as the eighth largest blockchain in the world, according to Messari, but it is not the only open source software implementation. Telos, Worbli and the recently launched Lynx are other implementations of the EOSIO software.

Sharif Bouktila, CEO of EOS Dublin, who has served as a producer of blocks at EOS and other EOSIO blockchain, told CoinDesk that it remains a long-term optimist at EOS despite the uncertainty surrounding Block’s largest project. one from your own EOSIO.

“There has not been a decision I can see, but if didn’t need to use the main EOS network for its applications, it would raise serious questions about why and who else should use it,” he told CoinDesk via Telegram.

Possible explanations

EOS has had performance problems that have worsened since last summer.

In September, CoinDesk reported doubts about whether the EOS blockchain is managed by companies that prioritize technology over speculative profits. Then, in November, he was bogged down by a smart contract called EIDOS that rewarded users for making as many transactions as possible.

At the end of November, Dan Larimer, the architect of EOSIO, outlined the mistakes made in the assumptions that govern the applications created for EOS aimed at optimizing allocations of computing resources. Not long after, the company announced that Voice would begin with a private implementation of Larimer software.

Aaron Cox of Greymass, who runs a backup block producer for EOS and other chains, told CoinDesk that he has come to support the decision strategically. There is competition for resources in EOS as they are and that would be a distraction for a new application that takes Facebook, one of the largest companies in the world.

“Those who invested in EOS because they heard that Voice was coming to it are probably those who are most disappointed that it will not run immediately will not run on the main network, but I think most of those involved in the technological side of things accept this path forward and it makes sense, “Cox informed us.

Fork options

Douglas Horn directs Telos, which could be said to be the main alternative chain of EOSIO. It is optimistic. Voice could work at least partially on your chain.

Horn launched Telos with a copy of the EOS genesis block, but one that limited token assignments for each account to avoid whale mastery. He noted that finally claimed its allocation in the chain last year, suggesting that it might be interested in running applications there.

“There is no clear indication of what your plans are exactly, but if you are looking for an EOSIO public network to integrate with Voice, I hope Telos is your best option,” he wrote.

An ICO investor who had been dissatisfied with last year and has been present in recent months, Shane Calfee, believes that Voice will take advantage of multiple EOSIO blockchains for the benefit of all users. “This is very likely to be the beginning of IBC (communication between blockchain), which is the holy grail of the blockchain world,” he said.

But there is no guarantee that Voice will run on anyone else’s chain other than The language of the FAQ is not compromised, as several sources pointed out, including Bouktila from EOS Dublin, who pointed out that there is no way for anyone to know what will do.

“I hope Voice can be a bridge from EOS to some of the other chains and projects, but the reality is that we are all in ‘wait to see’ mode,” he said.


Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *