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Block.one Set to Get More Involved in EOS Governance

 
Block.one Set to Get More Involved in EOS Governance
Breaking News / EOS
  • Block.one announced earlier this week that it will now be voting for EOSIO’s public blockchain upgrades.
  • EOS has been designed to host a range of decentralised applications (dApps) as well as decentralised autonomous corporations (DACs). 
  • The company want to get more involved with the EOS governance.

The open-source software publisher, Block.one, announced earlier this week that it will now be voting for EOSIO’s public blockchain upgrades. This move has been viewed as a way to tackle the increasing worries about the global centralisation that the EOS network is facing.

Getting Involved

As one of the leading blockchain protocols in the space right now, EOS has been designed to host a range of decentralised applications (dApps) as well as decentralised autonomous corporations (DACs). 

Launched in June 2017, Block.one had created one of the most interesting digital assets in the world. The Cayman Island-based firm is led by two crypto icons, Brendan Blumer and Dan Larimer.

As per CryptoSlate:

“The platform is built on a delegated proof-of-stage (DPoS) consensus algorithm, which uses “token-holder voting” to govern the EOS network. EOSIO uses a system called approval voting, in which only the top 21 block producer (BP) candidates are allowed to produce blocks.”

The top block producers are decided by the EOS token holders. These users can throw their votes for up to thirty candidates. 

Block.one has said:

“EOS block producers are elected by millions of accounts around the world [and] can be changed at any time by the voting majority. This makes EOS an incredibly aligned and efficient public network [linking] token holder interest to network governance more directly than ever before.”

The company want to get more involved with the EOS governance. This will help them to “better align and optimise network capability, geographical distribution, and security.” in a post, the firm said the following:

“Block.one will participate publicly in the conversation and share and comment on ideas and proposals that we believe positively improve the governance, performance, and overall competitiveness of the EOS network.” 

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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