EOS Periodical Edition n1

Welcome to the first edition of the EOS Periodical. We are HKEOS, a prominent block producer on the EOS blockchain and DApp incubator originated from Hong Kong. The purpose of the digest is to bring you a summary of the most impactful news and controversial topics in the EOS community. We embrace transparency and aim to facilitate access to EOS-related information for the community. We want to give EOS New York a shoutout for inspiring us to start bringing content for the community. Don’t miss out on the network updates by subscribing to our newsletters above!

EOS Hot Topics

1. EOS Hackathon in SF

Block.one brought its fourth hackathon challenge of the Global EOS Hackathon series to San Francisco on November 10th. The event was a great turnout with 475 participants and 70+ mentors from 26 countries. This time, participants were challenged to build an EOS.IO application that fosters a fundamental competitive advantage by implementing a business model that aligns interests among stakeholders and/or drives more value back to users. A total of US$144,000 in prizes was awarded to the top three winners including Team NouGit, Pollinate, and Six Degrees.

HKEOS’ cofounder Jae Chung, was voted by participants as the Most Valued Mentor.

2. Launching DIA — Our Community Is Your Community

The number of Decentralized Applications (DApps) are growing rapidly each day. However, it is increasingly apparent that attracting sufficient funding and implementing the robust marketing strategies, remain significant hurdles for new dapps. In order to support and build a better DApp ecosystem, three prominent EOS block producers including HKEOS, EOSYS and EOS Cannon came together to collaborate and create a DApp incubation program called ‘DIA’. With DIA, DApp teams can apply easily and get support from trusted figures of EOS community through DIA’s global network.
You can directly apply on the DIA website.

3. The launch of BancorX and how it works

The recent development of BancorX by Bancor was a huge step forward for the blockchain community and ecosystem. The cross-chain liquidity network provided by BancorX definitely helps bridge both the Ethereum and EOS networks together. BancorX also utilizes the advantages of the EOS network, such as nearly immediate transactions, no transaction fees, and no front-running risks. Though it is uncertain how far this interoperability can go past exchanging tokens between the chains. Ethereum and EOS are extremely different protocols — some obvious differences are how blocks are produced, time per block, transaction speed, and transaction fees. At present, it remains extremely difficult to ever reach seamless integration where an account on EOS can call a smart contract on Ethereum and have that transaction be recorded on both chains (if there is even a need for that).

4. Is EOS a blockchain? Brendan Blumer on Twitter

The latest crypto news claims EOS is not a blockchain. Block.one CEO Brendan Blumer’s recent poll on Twitter seems to be reflective of his response to this claim:

5. Yes, EOS is a blockchain

In a recent report, blockchain testing firm Whiteblock commissioned by ConsenSys, claims that EOS “is not a blockchain” but simply a distributed database — and is built on an entirely centralized premise. We believe that Thomas Cox from EOS Alliance provided a clear and agreeable list of criteria for how we could define a blockchain.

6. Proposal for changing CPU to 30% approved

A recent proposal launched by Eosbixinboot, which aims to increase the current value of the global parameter target_block_cpu_usage_pct from 20% to 30%, has been approved. Tests were performed on the CryptoKylin testnet, and they illustrated that the algorithm makes the transition between block producers much more smooth. It also allowed the nodes to be more resource efficient.

7. EOS Platform User Agreement

EOS New York has recently released an open-source proposal for EOS governance, the EOS Platform User Agreement. It will be not submitted for referendum yet and is open to the community for amendments and to decide what they believe is best.

8. EOS Referendum System goes live in beta

EOS Referendum Working Group announced that they had secured the green signal to launch in beta for testing of the referendum system by the community on November 9th. The team noted that they are not quite yet a fully functional tool for mission-critical referendum proposals, but a working product is ready to be pushed to the community. The group will concentrate on testing and refining results of the tally tool and comparing them with snapshots to ensure consistent accuracy.

9. The EOS sisterchain Worbli goes live

Worbli, the “financial district of EOS” went live on November 2nd. This means developers can now commence building the next generation of applications on Worbli for the world to benefit from. They are planning to launch their portal shortly after the blockchain went live so users could register accounts. There are currently 21 block producers and 11 reserve block producers on the Worbli network.

Worbli Block Explorer

10. Gambling DApp EOSCast hacked, more than 70K EOS stolen

Early morning on 10/31, online media reported that EOS gambling DApp EOSCast was attacked by a hacker account named “refundwallet” and lost more than 70K EOS tokens. A number of related accounts have been blacklisted by ECAP, and EOSPark sorts out a relationship map of attacker’s account based on account information and transaction records at the 1st time.

HKEOS’ Take

Is EOS a blockchain?

A block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a merkle tree root hash).

WhiteBlock’s “study” seems to define blockchain specifically to some attributes native to Ethereum. For example, Ethereum differs in how it commits transactions to the implicit state, which is the current reality of the data on the blockchain. However, neither Bitcoin nor EOS does it in this particular way. In fact, under WhiteBlock’s private definition, several commonly accepted “blockchains” out there would not qualify as one. According to Bart Wyatt, a core EOS developer at Block.one, it is true that the EOSIO does not commit to the materialized persisted state through something like a Patricia Merkle Tree, but to say that EOS is not a blockchain for not implementing some features specific to Ethereum’s protocol is quite misleading.

EOS and Ethereum blockchains are now bridged

In general, we believe that both the Ethereum and EOS communities are extremely beneficial to the development and growth of blockchain. That being said, however, there should be a more collaborative spirit in the space. Being competitive is only healthy to a certain point — toxicity and smearing between the two communities has little to no perceived value to the larger blockchain community. It would be much more ideal if community members of Ethereum and EOS shared their resources, build projects that could benefit both technologies together, and even host joint events. This will hopefully build mutual respect between the two groups, and decrease the polarity between them.

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Resources

EOS Guides:

• Understand sidechains vs. sisterchains on EOS
• The Ultimate EOS Guide for Beginners
• How “Permissions” work on EOS
• The Ultimate Guide to EOS Smart Contract Security

EOS Tools:

Bloks.io The world’s favorite and fastest block explorer, developed by HKEOS and EOS Café Block

Vote for HKEOS

HKEOS is a tech-focused block producer originating from Hong Kong. Pre-mainnet launch, HKEOS started the secure Ghostbusters testnet and launch scripts, and helped pioneer a redundant infrastructure model for launch. Since then, we have contributed to the community by creating the fastest EOS block explorer bloks.io, building the worker proposal contract and platform, and writing a test suite program (EOS Test Cave) for EOSIO contracts. We are also one of the first dApp incubators and have partnered with strong teams including Uncloak, L2, and Lumeos.

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