*What Is EOS?*
EOS is a blockchain platform for the development of decentralized applications, commonly known as dapps, similar to Ethereum. EOS makes dapp development easy by providing an operating-system set of services and functions that dapps can make use of. The idea behind EOS is to bring together the best features and promises of the various smart contract technologies out there such as the security of Bitcoin and the computing support of Ethereum in one simple to use, massively scalable dapplication platform for the everyday user to empower the impending blockchain economy. Currently, EOS is available for trading on Huobi (
https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523)and is paired with USDT, BTC, ETH and HTi.
*What Happened with EOS?*
The EOS governance model drew severe criticism last month when EOS block producers, who act as the “executive branch” on the EOS blockchain, froze seven EOS accounts in violation of its own constitution. Block producers are decentralized entities that govern the EOS blockchain. The EOS constitution requires such decisions to be made by ECAF, or EOS Core Arbitration Forum, the arbitration body of EOS. But the block producers froze the accounts without receiving any order whatsoever. This was followed by another controversy, when a block producer EOS Store failed to comply with a different ECAF order, alleging miscommunication between the block producers and the arbitration body. To combat all of this mayhem, Block One, the creators of EOSIO have proposed a constitutional change which goes against the EOS whitepaper. You can also learn more about EOS Block Producers and the current state of affairs by watching theHuobi Talk (
https://www.youtube.com/watch?v=5kXX9WAGiQc)from July 5, 2018.
The ongoing issue of EOS governance is rapidly growing into a decisive crisis that could see the entire EOS constitution entirely rewritten. EOS CTO, Dan Larimer, the creator of the constitution proposed a complete constitutional overhaul via Telegram. Larimer’s proposition appears to have taken root within Block.One, who subsequently published an official proposal for an “EOS Constitution v2.0” that resembles a clarified edit of Larimer’s proposed EOS constitution referendum (See: Block.one's Proposal for EOS Constitution v2.0 | Block.one (
https://block.one/news/block-ones-proposal-for-eos-constitution-v2-0/)).
*The Future of EOS*
Discussion among EOS community members seems to indicate a lack of clarity about the state of the constitution. Some apparently believe that they are currently functioning under an interim constitution, while others suppose there is really no constitution at all, since this interim constitution was never actually voted on. It is also unclear from where Block.one derives its power to propose a new constitution. The EOS white paper states amendments to the constitution are to come from the block producers, who are then to seek 15/21 approval from their fellow block producers. Block.one maintains possession of roughly 10 percent of EOS tokens. But after all, shouldn’t we want decentralization as opposed to a centralized party? I definitely do. So I encourage all EOS token holders to vote for the group that is most compelling to them and a group they’d prefer to be with. I believe crypto and Blockchain was made so that every person has a voice and I’m glad people stood up for themselves and shared their opinions. I don’t think both sides will ever overcome their differences so I’m with #TeamBlockOne. Choose wisely
*EOS by Numbers:*
EOS is currently ranked #5 by Cryptocurrency Market Capitalizations | CoinMarketCap (
http://coinmarketcap.com) and has a Market Cap of $7,916,710,075 USD. Moreover, there is a circulating supply of 896,149,492 EOS with a total supply of 900,000,000 EOS. Before it is too late, make sure to create an account on Huobi (
https://www.huobi.br.com/en-us/topic/invited/?invite_code=da523)and trade EOS with a paired USDT, BTC, ETH or HTi match.
Huobi is the leading global cryptocurrency exchange and Blockchain asset financial service provider, consisting of Huobi OTC, Huobi Autonomous Digital Asset Exchange (HADAX), Huobi Pro, Huobi China, and Huobi Mining Pool. Huobi Global currently has users in more than 130 countries and has offices in Singapore, the United States, Japan, Korea, and Hong Kong. Underpinned by world class security and risk control systems, Huobi is one of safest exchanges in the market today. Huobi Pro is also proud to be the first cryptocurrency exchange that provides 24/7 customer service.
You can also find Huobi online at:
Website:
https://www.huobi.pro/ (
https://www.huobi.pro/)
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https://twitter.com/Huobi_Pro (
https://twitter.com/Huobi_Pro)
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https://www.youtube.com/channel/UCABkgL5rRAk61E2Qtjtqcxw/featured (
https://www.youtube.com/channel/UCABkgL5rRAk61E2Qtjtqcxw/featured)
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