Tag: BlockOne

Block.One Released Major EOS.io Blockchain Software Update EOS.io 2.0

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Blockchain software development firm Block.One released EOS.io 2.0, the software underlying the EOS blockchain. In the release announcement published on Twitter on Jan. 10, Block.One claimed that the update makes the blockchain “faster, simpler, and even more secure.” Major changes to the smart contract virtual machine The official blog post on new software explains that it includes a purpose-built WebAssembly (WASM) engine on which the EOS smart contracts run. According to its official website, WASM is an instruction format designed for deployment on the web and servers. This change is…

The Marshall Islands’ National Crypto Was Inspired by Work of Block.One

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It has been almost a year since the Republic of the Marshall Islands (RMI) unveiled the development of its national digital currency dubbed Sovereign (SOV). The cryptocurrency is set to tackle some issues the RMI struggles with, including high costs of remittances. A crypto legal tender could purportedly create a situation where the solution to costly remittance is “baked into” the monetary system itself. Examining SOV’s white paper, Cointelegraph noticed that it hints at a Delegate Proof of Stake (DPoS) system that is probably derived from EOS, specifically when it…

Block.One Joins EOS Elections as One Entity Allegedly Has 37% Control

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The centralization of EOS has again emerged as a contentious issue within the cryptocurrency community, with the firm that created the EOSIO software, Block.One, participating in electoral procedures to choose the Block Producers for the EOS blockchain. On Nov. 28, EOS Block Producer EOS New York tweeted screenshots of Whois search results that suggest that six of EOS’s 21 Block Producers are managed by just a single entity, intensifying criticism of the network’s centralization. EOS’s blockchain is secured using a delegated proof-of-stake model, with 21 Block Producers elected to operate…

EOS Creator Block.One to Vote for Block Producers With 9.5% of Coins

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Block.One, the firm that developed the EOSIO software, announced on Nov. 13 that it will begin participating in the election procedures for block producers (BPs) on the EOS blockchain. “Small, but significant EOS token holder” In its announcement, Block.One claims that it is a “small, but significant EOS token holder” since it holds less than 9.5% of the circulating supply. As such, Block.One holds nearly one-tenth of the voting decision power when it comes to electing BPs. The firm says that the portion of coins it holds will further decrease…

Block.one Rolls Out an Improved Version of EOSIO for Developers

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Popularly known for its industry-leading transaction speed and flexible utility with its EOS (EOS)trade cryptocurrency, Block.one has again broken its record by debuting a better version of its EOSIO 1.0 protocol. The firm asserts that the new protocol, simply dubbed EOSIO 2, was built with developers in mind and we have no doubt about that as the protocol comes equipped with different developer tools to make life easier and better for developers. The goal, according to the company, is to “make it faster, simpler, and more secure to build on…

EOS Developer Block.one Releases Version 2.0 of EOSIO Protocol

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EOS developer Block.one has announced the release of version 2.0 of the EOSIO open source protocol, according to an official press release shared with Cointelegraph on Oct. 8. EOSIO is a blockchain-based smart contract protocol used to develop and host decentralized applications (DApps). It employs a consensus model called delegated proof-of-stake. Protocol updates: smart contract efficiency and security According to Block.one’s announcement, the core of EOSIO 2.0 includes various improvements to EOS VM — a high-performance WebAssembly engine specialized for blockchain applications that enables more efficient use of system resources…

Research Claims EOS Network Can Freeze, Block.one Denies Any Errors

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Within the past few weeks, EOS blockchain protocol users have been experiencing periodic problems with network access. A recent article written by pseudonymous smart-contract developer and security engineer Dexaran described the apparent root of the problem: an inexpensive technique that allows hackers to “congest” the network — or put it into a low-efficiency mode — with just a few dollar’s worth of EOS. Seemingly, that exploit allowed a hacker to steal more than $110,000 in cryptocurrency from an EOS gambling application, EOSPlay, earlier in September. However, executives of EOS’s parent…

Block.one, EOS Creator, Slapped with $24 Million Fine for Unlicensed ICO

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Wrapping off the month of September, the United States Securities and Exchange Commission (SEC) revealed to the general public that the prominent blockchain-based firm Block.one, the creator of the cryptocurrency EOS (EOS)trade, has been in the business of selling unregistered tokens for a year in 2017-2018. According to the SEC’s order, the cryptocurrency company Block.one was nabbed by the regulator’s Cyber Unit. The order states that Block.one willfully ignored the SEC’s rule of registering every token as stated in the DAO Report of Investigation. You will recall that the SEC…

‘Excited’ Block.One Settles $24 Million SEC Penalty for Naughty EOS ICO

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The Securities and Exchange Commission (SEC) has brought down the hammer on crypto once again, announcing a $24 million penalty on blockchain company Block.one. Yesterday brought equal measures of hope and despair for the cryptocurrency market. A new rating system for cryptocurrency classification sprung up, looking to bolster self-regulation efforts; at the same time, the SEC pounced on EOS‘ parent company, Block.one, for its supposedly unregistered ICO. The company had tried to subvert the SEC’s security classification by merely avoiding registration. Nevertheless, according to Stephanie Avakian, Co-Director of the SEC’s…

SEC Reaches $24 Million Settlement With EOS Parent Firm Block.one

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The United States Securities and Exchange Commission (SEC) has reached a settlement with Block.one to pay $24 million in penalties for conducting an unregistered initial coin offering (ICO). On Sept. 30, the SEC announced in a press release that it has settled the charges against the firm behind the EOS network and corresponding token in the form of a civil monetary penalty. Block.one settled the charges without admitting or denying the findings. According to the press release, Block.one’s ICO of 900 million tokens “began shortly before the SEC released the…