$4.55 -1.95%
EOS · 9w

Was the Core Protocol Development in EOS Outsourced?

Was the Core Protocol Development in EOS Outsourced? What is EOS?

EOS is a blockchain protocol for building scalable decentralized applications.

Blockchains can only have two of these three properties: Decentralization, Scalability, Security

You’ll want all of your public blockchains to be secure, so you have to pick one of the other two options: Decentralization or Scalability. It is important for the market to test out both pathways.

EOS is an experimental blockchain with lower decentralization and higher scalability.

There have been countless blog posts, tweets, videos and talks about how EOS isn’t decentralized at all. I won’t be touching upon that subject since it’s been debated to death.

Here is some content if you’re not aware of the discussions:

EOS raised $4.19B worth of ether during an ICO that lasted for 1 year.

Block.one, the company behind EOS, sold 90% of the tokens and kept 10% of the tokens for themselves. Which they are still HODLing. That’s $4B hard cash raised and $400M tokens owned by the company.

EOS is the best funded project in the history. To give you an idea, SpaceX only needed to raise $1.9B to reach the moon. (pun intended)

Outsourcing Core Protocol Development

Wait, so, a consulting firm built most of EOS, one of the biggest blockchains in the world?


If you dive deep into EOS, you will realize something interesting in their Github.

A consulting firm named Object Computing Inc. built most of the core EOS protocol. [1]

For the first year of EOS development three out of the six core developers were from Object Computing, Inc. We can see this by going to their Github contributors page.

The accounts heifner, brianjohnson5972 and pmesnier are Object Computing employees. The account bytemaster is owned by EOS CTO Daniel Larimer. The other 2 accounts are developers who were contributors to Steem & Bitshares (Both were previous proj...

Continue on hackernoon.com
Recent news
EOS -1.95% · trybe.one · 6h

Life of a Small Time Investor

Introduction So, I am not someone who has vast wealth at their disposal. I am just some dude who has been following the cryptospace for several years and never took the plunge into this world. As of 2...
EOS -1.95% · medium.com · 8h

EOSJacks Announcement (Nov-15–2018)

Hey guys, thanks for your support for making us Topped the EOS Dapp list. To express our gratitude, we will be doing promo to give out extra 5,000 EOS and maximum 6,600,0000 JKR in total to our…
EOS -1.95% · trybe.one · 10h

WORBLI tokens on ChainRift!

With our network up and running and our user account not far away, we’ve experienced quite a large increase in demand for our WBI tokens! Developers and members of our community are keen to get their ...
EOS -1.95% · medium.com · 12h

BRAVO Community Update 8

Welcome to the November edition of our Community Update. It is astounding to note how much time has passed and the extent to which we have progressed. The evolution of the Bravo Protocol has been…
EOS -1.95% · cryptoupdate.ca · 20h

Trade Recommendation: EOS

Just like most cryptocurrencies, EOS (EOS/USD) has had a rough 24 hours. Yesterday, November 14, 2018, the market opened at $5.2947. Before the day closed, this coin dropped to as low as $4.4610. In s...