Block.one Granted Patent To Incentivize Positive Feedback On Social Media Networks

The company behind EOS blockchain network, Block.one, has been granted a patent which will allow it to use blockchain technology to encourage the use of positive feedback within the social media networks.

On April 28, the U.S. Patent and Trademark Office released the patent documents revealing that Block.one is intending to solve the absence of incentivization techniques within the social media sphere for users to offer positive feedback such as likes, comments as well as upvotes.

The patent documents were first filed in May last year. According to the files, one of the ways by which posts get to influence is by getting positive feedback from the community. The documents explain that whereas the content creator is given recognition via positive feedback, the users that offer positive feedback are hardly appreciated.

Block.one has developed a fresh methodology which provides exposure to social media users that provide positive feedback apart from the original creator. The system is designed such that it will start by authenticating a post via a blockchain in order to make sure that the content is purely done by the author. From there, users that want to be linked with the given post can then bid on it using tokens that will be issued through social media. This will allow the highest bidder have their profile displayed on a spot that can be seen within the post.

As per the documents, the successful bidders will be given exposure via other users’ posts and can then utilize the exposure to promote their own posts or interests.

The documents also state that all the post data will be kept on the blockchain while the tokens gained via the bidding procedure will then be given to the author.

Block.one seems to be focused on the social media space as it announced its own social platform Voice which is built on EOS blockchain. In January the firm hired an ex-forbes executive to be its lead CEO. Currently, Voice is in private beta.

Read Original/a>
Author: Joseph Kibe

Block.One Injects $150M Into Voice Social Media Platform to Fund Independent Operations

EOS blockchain protocol publisher that ran a $4 Billion ICO, Block.one, is injecting $150 million to enhance independent operations of its Voice social media platform that was introduced in June 2019.

According to a press statement released on Thursday, the money will be used to kick off Voice’s independent operations away from its parent company, Block.one. Voice has already started the process of independent operations as it hired Salah Zelatimo as the CEO in January who previously worked as the global digital head in Forbes. Following Zelatimo’s hiring, a public beta was launched last month.

According to the press release, Selah will lead the initiative to establish Voice as a separate enterprise and the $150 million will be used in the expansion of operations and building up of the firm’s workforce. Block.One had already spent roughly $150M last year getting the platform ready to go live. This doesn’t include the $30M they spent buying Voice.com.

Voice debuted in summer last year and at that time, it was hyped as the social media platform which gets rid of bots. During the launching time, it was touted as the social media network where real people rather than bots will post as well as share content in order to be rewarded with tokens.

The app aims at enhancing authenticity in the social media space which has been elusive in the recent past. Users will have to produce their identity details for verification. After verification, users will then be awarded Voice tokens every day which they then use to push certain posts. Users can also win extra tokens when they create original content on the platform.

Zalatimo stated that Voice is set to be a true content marketplace and the user will be in total control of the content which will be promoted. Members will also not be afraid of being wrong as the community can hold each other accountable. Zalatimo said:

“By designing a platform where every user has gone through Know Your Customer (KYC) verification and real identities are attached to the original content being shared, we are empowering users to hold each other accountable.”

Through the use of tokens, Voice aims at enhancing transparency in the content promotion process.

Read Original/a>
Author: Joseph Kibe

Block.One To Lure Ethereum Developers To EOS With $200k ‘EOSIO Smart Contract Challenge’

Block.one has offered a $200,000 prize after announcing the launch of a smart contract blockchain competition. The prize money will go to any developer who can figure out how Ethereum applications can be used to make it more operable on the EOS blockchain.

The announcement which was posted on the EOSIO DevPost on 3rd February stated that:

“In this challenge, participants must create an EOSIO Smart Contract which can store and invoke EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment.”

The EOSIO Platform

The EOSIO blockchain was created by a company referred to as Block.One. The same platform that also hosts the EOS digital asset. EOSIO is a delegated PoS (Proof-of-Stake) blockchain known to hype smart contracts. This means that developers can create applications on the blockchain.

According to details included in the announcement, the competition is set to expire in twelve months if no developer has been able to find solutions by then. The first entity capable of finishing will walk away with two hundred-thousand-dollars in prize money.

Rules of the Competition

Those in charge of the competition have also set some ground rules to help govern the participants who want to take on the challenge. The rules call for developers to employ smart contracts in agreement with a precise set of technical requirements.

In addition to sticking to these rules, the team charged with judging the competition will examine entries made by the developers every ninety days, up and until the one year-end deadline is complete.

Block.one released the EOSIO version 2.0 in October 2019. EOS is a digital asset that was created on the EOSIO blockchain and then became famous for the ICO which ran for an entire year, before coming to an end. In the successful year-long ICO’s run, the platform raised $4 billion from its investors. But in Oct 2019 the SEC settled with Block.One for $24 Million for the unregistered ICO.

Read Original/a>
Author: Daniel W

Block.One’s ‘Voice’ Social Network Has An Open Door Policy To Other Blockchains, Not Just EOS

During its June ICO, Block.one had indicated that its Facebook rivaling social network dubbed Voice, would be launched on the EOS network. However, plans seems to have changed as CoinDesk reports.

Voice has been touted as a different form of social media network which will have in-built crypto and have the capacity to deal with bots since each account will be verified. However, after the announcement in June, the firm went mum but in Dec, it announced that Voice will be launched on Feb. 14.

The announcement came with additional information like a FAQ page found on the Voice website which indicated that a private EOSIO software will be used to run the application. However, the firm was non-committal on whether Voice will be run on EOS saying that other blockchain networks can also be used.

The statement in the FAQ is contrary to a press statement made in June which indicated that the social network would run exclusively on EOS. Still in June, to indicate its commitment to run on EOS, Block.one had reserved a large space of RAM within the mainnet.

Asked to comment on the latest developments, Block.one spokesperson turned down the request.

It is important to understand that Block.one mostly develops software but they are mostly run by other firms. For instance, while it developed EOSIO software, it was launched by a group of organizations from different parts of the world to what is today known as EOS.

Despite the eminent uncertainty, the CEO of EOS Dublin, Sharif Bouktila, remains bullish that Block.one will use the EOSIO for Voice. He explained that if Block.one fails run its apps on the EOS it would raise eyebrows in the industry as who else is better suited to use the blockchain. He said,

“There hasn’t been a decision that I can see but if Block.one didn’t need to use the EOS mainnet for its apps it would raise serious questions as to why and who else should use it.”

EOS has been in the news for the wrong reasons in the recent past due to performance issues. There have been allegations companies running on EOS prioritize speculative profits rather than the technology. The revelation of EIDOS smart contract that paid users for the number of transactions made is just one of the many. These could be the reasons why Block.one is considering other blockchains.

Read Original/a>
Author: Joseph Kibe

Block.one Set to Launch its Social Media Network ‘Voice’ on February 14, 2020

  • Voice, a social media platform built on the EOS blockchain, is set for release on February 14, 2020. Block.one, the firm behind its design, is optimistic that Voice will compete favorably against the likes of Facebook and Twitter. This innovation will mainly use tokenization to promote activity within the network and leverage its authentication features to eliminate bots which are a menace in existing social media networks.

The premier Voice version has integrated only English as the communication language for its beta. This test release scheduled for early next year will only be accessible to the users who are granted access. Its fundamental goal is to identify any weaknesses within the platform’s security and possible improvements on user experience.

It is notable that Block.one has invested over $30 million in funds for the social media network project. Earlier in the year, the firm spent a significant amount in building its brand through investment on Voice.com as the platform’s domain. Block.one plans to recover its capital by implementing an inflation tax for its native tokens on the EOS blockchain.

Voice will be an open-source project as per its protocol design by Block.one. EOS built tokens will fuel the network whereby participants like content creators will receive Voice tokens as a reward in place for likes on their creativity. Basically, this value creation by the Voice ecosystem is designed to promote a fair compensation for adverts.

So far, the Voice network has received an overwhelming subscription for its beta test according to Block.one. The platform is still accepting applications for on-boarding but noted that some features might be limited depending on the country of operation. In addition, the Voice team has assured that compliance oversight has been prudent to ensure they deliver a product within the scope of regulations.

Read Original/a>
Author: Lujan Odera

Block.One Now Part of EOS Elections as Centralization OF EOS Network Rages On

Block.One revealed that it will become part of EOS election as the issue centralization of the platform emerges yet again. The company behind EOSIO platform now says it will be taking part in all electoral aspects in order to select Block Producers within the EOS blockchain, Cointelegraph reports.

Through a series of tweets one of the EOS Block Producers known as EOS New York revealed that one company was in control of 6 Block Producers which led to intense criticism that EOS blockchain was being centralized.

For months, EOS has always claimed that it is secured via proof-of-stake which is a delegated model and 21 Block Producers have been designated to take over the operations of the EOS token holders with the sole aim of operating the platform’s nodes. Block.One has always insisted that this model is aimed at offering enhancement to proof-of-work model where the highest performance output is achieved utilizing very minimal energy.

Block.One also explains that maintenance, as well as verification of the EOS platform, needs the coordination of just a fraction of nodes which makes the network have the capability to produce blocks in half a second.

In mid November, the company made an announcement saying it will become part of the participants in elections in order to delegate the EOS Block Producers. The company stated that it held a small portion of EOS token and it also looks forward to using the EOS public blockchain. The company also explained that it held not more than 9.5% of the entire supply of EOS token in circulation. The announcement also explained that that Block.One’s participation was helpful in making sure the EOS network hold on to its health.

The current tweets by EOS New York comprised of screenshots from Whois search results which showed that the domains from EOS Block producers, eosunioniobp, stargalaxybp, eoszeusiobp1, eosathenabp1, validatoreos as well as eosrainbowbp came from one identity going by the name ‘fun eos’ located in Shenzhen, China. The revelations led to massive criticism from industry heavyweights ranging from Vitalik Buterin to Larry Sanger.

Read Original/a>
Author: Joseph Kibe

Daniel Larimer, EOS Blockchain Creator, Speaks About How To Figout Out the CPU Issues

Daniel Larimer, the CTO of Block.one, has recently talked about how to solve the CPU issues that plague the EOS blockchain. He decided to do it now because of a massive CPU collapse that happened on the network two weeks ago.

At the time, the EOS network was heavily congested because of an airdrop and most users faced issues with transactions. After the trouble, the governance had no choice but to explain what actually happened. Larimer affirmed that the CPU market for the EOS, known as Resource Exchange (REX), faced some issues because of how it works.

These issues happened because REX basically ran out of tokens to distribute to people. This congested all transactions and caused the network to basically collapse for the time. This happens in situations in which the distribution of CPU rental is not very well balanced and there is a mismatch in demand. This combination of problems can easily result in volatility and in lacking EOS to rent in the marketplace.

Fortunately, Larimer proposed a way out of this situation. He claims that the way to do it is to make all CPU time leased from the system and then make the EOS leasing price grow exponentially as the percentage of CPU leased grows. This would balance the system, as prices would be more dynamic than they are at the moment.

This new approach would eliminate the current dynamic supply method and it would not incentivize people to withdraw EOS from the REX if they did not really need it, so hopefully, it would prevent this from ever happening again.

Read Original/a>
Author: Gabriel Machado

Block.One To Use Their EOS Token Supply, 9.5% of Current Circulation, To Vote Block Producer

The team behind Block.one, the creators of the EOS blockchain, has recently issued an official comment on EOS network. According to the team, who hold around 9.5% of all EOS in circulation right now, saying it is time to step forward and participate more actively in the network.

One of the main announcements is that Block.one will finally begin participating in the block producer voting process. A representative from the company confirmed that Block.one now feels ready to take a “proportional role” and to support the healthy growth of the ecosystem.

The announcement comes at the heels of the fiasco which happened last Sunday, in which the EOS network got too congested during the EIDOS token airdrop. During that time, the network was almost completely down.

This decision will possibly be criticized as the EOS network would probably become even more centralized with the team participating in a more active role. A recent report has shown that 69% of all EOS in circulation are being held by only 100 accounts.

To prevent more centralization from happening, Block.one has already promised to reduce the number of tokens that the company holds. With such a high margin of 9.5%, the team is bound to have more power than basically any others in the network.

This is yet another controversy for the EOS network, one of the few delegated proof of stake networks, in which the block producers are elected to validate nodes instead of using miners.

Read Original/a>
Author: Gabriel Machado

EOS Developer Block.One Launches EOSIO 2.0 With Smarter Contracts And Enhanced Security

Block.one, one of the EOS developers, has announced the launch of EOSIO 2.0. According to the press release, this is a new version of the famous smart contract protocol that was used by the company to host dapps and to use its delegated proof of stake system.

The company affirms that the new version of the program comes with several new improvements. For instance, it has a new WebAssembly engine that was created especially to enable the resources to be used in a much more efficient way as smart contracts are processed.

According to the company, the newly upgraded platform offers a performance that is around 16 times better than EOSIO 1.0. This, Block.one affirmed, can greatly change how useful smart contracts are.

Another important improvement that this version will have is the adoption of a new authentication standard called WebAuthn. It will allow the system to use a hardware device to sign and authenticate transactions via browser without needing any EOSIO apps. This, it is believed, will improve the security of the users.

The last improvement is that the developers created a new system that can securely sign blocks using a permission layer that will allow this without sharing any kind of sensible data.

Security is an important aspect in the EOS network, as recently a hacker stole over $110,000 USD from EOSPlay, an EOS gambling app.

Some new tools for developers were released together with this update. They include the EOSIO Quickstart Web IDE, which is currently in Alpha testing phase, a software developed to decrease the complexity of creating apps.

Read Original/a>
Author: Gabriel Machado

Is this SEC Signalling a Green Light to Start the Crypto Party?

The US Securities and Exchange Commission (SEC) announced on Monday that Block.One, the company behind EOS must pay $24 million in penalties for conducting an unregistered securities sale.

Block.One raised a total of $4.1 billion in 2018, that puts the fine to a meager 0.58 percent of the initial raise. The company has agreed to settle the charges, according to the SEC.

Block.One neither secured an exemption from securities registration requirements nor register the sale, the SEC said. The company said the settlement only applies to the sale of ERC-20 tokens, which the network swapped with EOS tokens after its mainnet went live.

“The SEC has simultaneously granted Block.one an important waiver so that Block.one will not be subject to certain ongoing restrictions that would usually apply with settlements of this type. Block.one believes the SEC’s granting of this waiver evidences Block.one’s continuing commitment to compliance and best practices in the United States and globally,” EOS’s statement further reads.

Could this be the sign of the altcoin party?

As Block.One puts in its statement, the SEC has waived the company and it won’t be subject to any restrictions, it might be time for the second phase of the Initial Coin Offering (ICO), that was all the rage in 2017.

Economist and trader Alex Kruger took a dig at this as he said,

“The trigger for the 2018 crypto crash was the SEC prickling the bubble. ICOs did not wither because investors got smart and realized ICOs were money grabs. Money simply stopped flowing..”

“With this fine the SEC is signaling “entrepreneurs” have green light to start another party,” he added.

Recently, we also saw Blockstack completing the first SEC approved token offering. It raised $23 million after spending 10 months and $2 million getting the agency’s approval.

In comparison to Block.One’s 0.58%, this has been close to 9%. When companies can raise billions of dollars with the threat of just getting a slap on the wrist with a tiny amount of fine, why would anyone invest years and a ton of money?

Kruger might be having a “sarcasm joke” here, but it won’t be surprising, in the light of SEC’s move if other projects would try to follow the same path, “better to ask forgiveness than permission,” as Block.one.

Read Original/a>
Author: AnTy