CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$20,271.00
  • ethereum
    ETH$1,143.12
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Four EOSIO Protocol-Based Blockchains Commit $8M to Rebrand Technology Stack

    Four EOSIO Protocol-Based Blockchains Commit $8M to Rebrand Technology Stack

    Author: Chayanika Deka

    Last Updated Apr 8, 2022 @ 14:54

    EOS, Telos, WAX, and UX Network announced a coalition to rebrand the EOSIO technology stack while adding new features with respect to security and core code development. 

    EOS, Telos, WAX, and UX Network have come together to gain control over the development of the EOSIO protocol core code that underpins each of these blockchains. Collectively, the coalition has announced dedicating a whopping $8 million annual budget for core development and developer outreach this year.

    Rebranding EOSIO

    According to the press release shared with CryptoPotato, all four blockchains will remain distinct from one another and will work towards adding new features to EOSIO’s core code. The entire code developed by the group will be available for any EOSIO protocol-based initiatives. It will be free to use and open-source in nature.

    The coalition started to form in January this year. At some point, it included various other EOSIO protocol projects such as Ultra, Proton, FIO, EVA, and even the now-estranged Block.one’s exchange and NFT projects.

    Two months later, ENF founder and “community-elected CEO” Yves La Rose, represented by the Telos Core Developers (TCD) led by Douglas Horn, agreed to form an alliance to support the core protocol code. Soon, WAX and UX Network followed suit and joined the coalition. The statement also revealed that other groups might join soon to contribute and have a say in the development priorities.

    La Rose called the move “a huge milestone” and added,

    ADVERTISEMENT

    “This coalition represents a monumental shift in direction for the future of the EOSIO protocol and is a huge milestone for all of the businesses leveraging its technology. The network effect of multiple EOSIO blockchains working together to secure the growth and sustainability of our common codebase and related open source innovations is a force multiplier that will be paying dividends for years to come.”

    The Coalition

    Coalition members will weigh in on the detailed review of the current state of the EOSIO protocol and identify ways to fund priority proposals, and offer a public and specific development roadmap.

    All four EOSIO protocol-based blockchains have their own focus areas and are set to compete in various arenas. The group, as a whole, will focus on the areas where the chains overlap and incentives are positioned to accelerate the development of the core protocol.

    Taking a jibe at Block.one, Douglas Horn, Chief Architect of Telos stated,

    “This is a watershed moment for the EOSIO protocol. Finally, development is in the hands of the users instead of Block.one. Finally, developers will have communication about priorities and code releases so they can make their own development plans. I’m excited about what we can build for the users.”

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • EOS
      Dan Larimer and ENF to Fork EOSIO Codebase Into New Repository Called Mandel
    • EOS_Price
      EOS Price Surges 20% as Brock Pierce Reveals "Crazy Bet"
    • EOS
      Daniel Larimer Introduces the Fractally DAO to Deliver EOS' Original 2017 Vision
    Tags: Block.one EOS
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Chayanika Deka
    More posts by this author

    Chayanika has been working as a financial journalist for three years. A graduate in Political Science and Journalism, her interest lies in regulatory implications with a focus on technological evolution in the crypto realm. Contact:Linkedin

  • bitcoin
    BTC$20,271.00
  • ethereum
    ETH$1,143.12
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!