{"id":9552,"date":"2023-06-23T14:48:30","date_gmt":"2023-06-23T12:48:30","guid":{"rendered":"https:\/\/affidaty.io\/blog\/?p=9552"},"modified":"2026-02-02T14:43:50","modified_gmt":"2026-02-02T13:43:50","slug":"eos-community","status":"publish","type":"post","link":"https:\/\/affidaty.io\/blog\/en\/2023\/06\/eos-community\/","title":{"rendered":"EOS: The Community Works to Save the Project"},"content":{"rendered":"\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-introduction-to-eos\">Introduction to EOS<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>EOS<\/strong> has been one of the most promising blockchain projects in the <strong>cryptocurrency<\/strong> landscape, but in recent years, it has lost much of its luster (link). However, the <strong>EOS<\/strong> <strong>community<\/strong> has not given up and is working hard to restore the project to its former glory. In this article, we will explore the history of EOS, the problems it has encountered, and how the <strong>community<\/strong> is trying to resolve them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EOS is a <strong>blockchain<\/strong> platform that aims to enable the development and management of decentralized applications (dApps) in a simpler and more efficient manner. Launched in June 2018 by Block.one, <strong>EOS<\/strong> is based on a consensus system called Delegated Proof-of-Stake (DPoS) and offers superior scalability compared to other <strong>blockchains<\/strong> like Ethereum (link).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EOS garnered a lot of attention thanks to its record-breaking initial coin offering (ICO), which raised over $4 billion in one year. However, despite the initial promises and generated enthusiasm, the project has encountered a series of problems and delays that have undermined its growth and success.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">The History of EOS<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>EOS<\/strong> was founded by Dan Larimer, who had previous experience in the blockchain field with projects like Steemit and Bitshares. The goal of EOS was to create a more scalable and efficient <strong>blockchain<\/strong> platform capable of supporting thousands of transactions per second and facilitating dApp development.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The year-long EOS ICO was the largest in <strong>cryptocurrency<\/strong> history, raising over $4 billion. The launch of <strong>EOS<\/strong> in June 2018 generated high expectations and promises of innovation in the <strong>blockchain<\/strong> field.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Problems of EOS<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the promises and initial enthusiasm, <strong>EOS<\/strong> has encountered several problems along its journey. Some of these problems include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Delays in the development and delivery of promised features.<\/li>\n\n\n\n<li>Concerns about centralization and control exerted by Block.one over the <strong>blockchain<\/strong>.<\/li>\n\n\n\n<li>Lack of support and funding for <strong>community<\/strong> projects and developers.<\/li>\n\n\n\n<li>Legal and regulatory issues, such as the agreement with the SEC to pay a $24 million fine.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These problems have led to a slowdown in the development and growth of the platform, causing <strong>EOS<\/strong> to lose a significant portion of its market value and its position in the <strong>cryptocurrency<\/strong> rankings.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Unfulfilled Promises<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the major issues with <strong>EOS<\/strong> has been the failure to fulfill many of the promises made during the ICO and platform launch. Some of the unfulfilled promises include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The creation of a Worker Proposals system to fund projects that contribute to ecosystem growth.<\/li>\n\n\n\n<li>The development of new technologies and features to improve scalability and platform efficiency.<\/li>\n\n\n\n<li>Support for developers and <strong>community<\/strong> projects through funding and specific initiatives.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Many members of the EOS <strong>community<\/strong> felt disappointed and betrayed by the failure to fulfill these promises, leading to a loss of trust in the platform and its future.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">The <strong>Community<\/strong> Responds<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the problems and disappointments, the EOS community has not given up and has started to organize itself to try to save the project. In 2021, some <strong>community<\/strong> members, including Yves La Rose, former CEO of EOS Nation and founder of the <strong>EOS<\/strong> Network Foundation (ENF), began working to create an independent organization that could lead the development and growth of the platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This initiative led to the creation of the <strong>EOS<\/strong> Network Foundation, a non-profit organization dedicated to the development, support, and promotion of EOS. The ENF aims to provide independent leadership and direction, as well as funding and support, to help EOS overcome its problems and reach its full potential.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">A Fresh Start: The <strong>EOS<\/strong> Network Foundation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>EOS<\/strong> Network Foundation was founded in August 2021 with the goal of providing independent direction and support to the EOS platform. Since then, the ENF has worked to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Create a governance and funding structure for the platform, including a Worker Proposals system and direct grants.<\/li>\n\n\n\n<li>Support the work of Block Producers and <strong>community<\/strong> developers.<\/li>\n\n\n\n<li>Collaborate with other projects and organizations in the <strong>blockchain<\/strong> field to promote innovation and growth.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The ENF has also worked to find solutions to the problems that have plagued <strong>EOS<\/strong> in recent years, such as centralization and lack of development.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">The Role of Block Producers<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Block Producers play a crucial role in the operation and development of EOS. They provide the technology to validate nodes and keep the network operational, receiving compensation for their work.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over the years, some Block Producers have actively worked to support EOS development and address the problems and challenges the platform has encountered. For example, the Antelope Coalition, formed by EOS, Block Producer UX, WAX, and Telos, has dedicated itself to building and maintaining the EOS source code on GitHub, working to improve the platform and promote innovation.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Technological Rebirth<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The rebirth of <strong>EOS<\/strong> has also involved technological renewal, with the platform adopting new solutions and technologies to improve its scalability and performance. For instance, the ENF and the Antelope Coalition have worked to implement the Ethereum Virtual Machine (EVM) on <strong>EOS<\/strong>, allowing greater compatibility with other blockchains and enabling developers to make the most of available resources.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, the EOS <strong>community<\/strong> is working on Inter <strong>Blockchain<\/strong> Communication (IBC), which will allow greater interoperability between different blockchains and contribute to creating a more integrated and flexible ecosystem.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Support<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the main problems that has plagued <strong>EOS<\/strong> over the years has been the lack of financial support for developers and <strong>community<\/strong> projects. The ENF has sought to address this issue by creating funding mechanisms such as the Worker Proposals system and direct grants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the ENF has launched ENV (Ventures), a funding vehicle of over $100 million aimed at supporting projects and initiatives in the <strong>blockchain<\/strong> and <strong>cryptocurrency<\/strong> field. With this financial support, <strong>EOS<\/strong> hopes to attract new developers and projects, promoting growth and innovation on the platform.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">The Future of <strong>EOS<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the challenges and problems encountered over the years, the future of EOS looks brighter thanks to the efforts of the <strong>community<\/strong> and the ENF. With new leadership, financial support, and technological rebirth, <strong>EOS<\/strong> has the opportunity to reclaim its position as a leading <strong>blockchain<\/strong> platform in the <strong>cryptocurrency<\/strong> landscape.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key to EOS&#8217;s success will be its ability to continue innovating and adapting to the new challenges and opportunities that arise in the <strong>blockchain<\/strong> industry. Additionally, the support and commitment of the <strong>community<\/strong> will be crucial in ensuring that EOS can realize its full potential and achieve the initially promised goals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, <strong>EOS<\/strong> is a project that has faced difficult times, but thanks to the determination and work of its <strong>community<\/strong>, it is striving to recover and regain its place in the <strong>cryptocurrency<\/strong> and <strong>blockchain<\/strong> landscape.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the support of the ENF and the commitment of the Block Producers, <strong>EOS<\/strong> has all the necessary elements to become a reference platform in the industry.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">References:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/cointelegraph.com\/magazine\/whatever-happened-eos-community-aims-grassroots-comeback\/\">https:\/\/cointelegraph.com\/magazine\/whatever-happened-eos-community-aims-grassroots-comeback\/<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/coinmarketcap.com\/alexandria\/article\/is-eos-dead-what-happened-to-the-ethereum-killer\">https:\/\/coinmarketcap.com\/alexandria\/article\/is-eos-dead-what-happened-to-the-ethereum-killer<\/a>&nbsp;<\/li>\n\n\n\n<li>https:\/\/cointelegraph.com\/news\/ethereum-20-and-eos-crossing-swords-over-scalability-supremacy <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Introduction to EOS EOS has been one of the most promising blockchain projects in the cryptocurrency landscape, but in recent years, it has lost much of its luster (link). However, the EOS community has not given up and is working hard to restore the project to its former glory. In this article, we will explore [&hellip;]<\/p>\n","protected":false},"author":267,"featured_media":25996,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"","parallax":"1","fullscreen":"0","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"float","share_float_style":"share-normal","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"footnotes":""},"categories":[1084],"tags":[794,170,804,175,183,147,812],"coauthors":[1176],"class_list":["post-9552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-crypto-news-en","tag-ai-eng","tag-blockchain-en","tag-crypto-en","tag-ethereum-en","tag-pos-en","tag-transaction","tag-trust"],"_links":{"self":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/posts\/9552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/users\/267"}],"replies":[{"embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/comments?post=9552"}],"version-history":[{"count":0,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/posts\/9552\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/media\/25996"}],"wp:attachment":[{"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/media?parent=9552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/categories?post=9552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/tags?post=9552"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/affidaty.io\/blog\/wp-json\/wp\/v2\/coauthors?post=9552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}