Text | Edited by Zheng Yi | Produced by Bi Tongtong | PANews
Text | Edited by Zheng Yi | Produced by Bi Tongtong | PANews
"Recently I'm really hesitant. I've persisted for two years. Should I continue to persist?" Yuan Renwei, an old player who took over EOS at a high position in 2018, complained to PANews, "Maybe we won't be able to wait until the day when we get back our money." ".
Voice, known as the "Facebook Killer", arrived half a month ago, but the "market carnival" he expected has not been seen. The community is still pessimistic, the currency price has always been sluggish, and the negative voices of institutions such as Coinbase and Webster Ratings have also made the shaky belief of the "HODLER" even worse.
"The current situation is that everyone wants to step on EOS." Yuan Renwei said helplessly. The idea of moving positions continued to emerge, but the unwillingness in his heart drove him to stick to it.
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Controversy over node dilemma
Since the launch of the EOS mainnet, the controversy about nodes has never stopped.
In the DPOS consensus mechanism of EOS, nodes are divided into two types: super nodes and backup nodes, among which super nodes are composed of the top 21 nodes with the highest vote rate. The control of a large number of supernodes by Chinese nodes has caused dissatisfaction in overseas communities.
According to PANews statistics, as of February 25, 2020, among the top 21 EOS supernodes, nodes registered in China accounted for 13 seats, with a total vote rate of 36.8%, and the statistics were extended to the top 30 , we can find that Chinese nodes occupy 21 seats, and the total vote rate even exceeds half of all nodes, reaching 51.8%. In other words, Chinese nodes objectively have a strong dominance over the EOS network, which is why Western nodes are generally dissatisfied.
In November 2019, the eosnewyork (EOS New York) node revealed that the Chinese node eosshenzhen (EOS Shenzhen) not only operates its own node, but also controls 6 alternative nodes including stargalaxybp, validatoreos, eoszeusiobp1, eosunioniobp, eosathenabp1 and eosrainbowbp. EOS New York believes that the behavior of this node poses a threat to the security of the EOS main network, and initiated a proposal to delete the six nodes.
As a place to provide liquidity, the exchange has a natural advantage in the DPoS delegated voting model. Users worry that the tokens they deposit in it will be used by the exchange to vote privately, but they will get nothing.
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Blockchain 3.0 turns into a "blocking" field
EOS once became popular because of its high TPS, but now, it has been reduced to a "blocked" market. On November 1, 2019, ENU founder Aiden Pearce launched a project airdrop called EIDOS. Users only need to transfer any amount of EOS to the smart contract of the project, and they will receive certain EIDOS tokens. As the famous proposer of blockchain UBI concept, EIDOS instantly ignited the enthusiasm of EOS users. On this day, the EOS main network, which had been silent for a long time, was directly "exploded". Users were surprised to find that due to resource congestion, their accounts could not conduct any transactions.
As we all know, unlike Ethereum and other public chains that burn GAS for transfers, EOS focuses on the free transfer system. The EOS system is composed of RAM, NET and CPU. Users need to pledge certain EOS tokens to obtain CPU resources for transfer. However, the CPU resources obtained by users are not constant. It is the same as the whole network EOS pledge The number is linked, which means that when a large amount of EOS is pledged in exchange for CPU resources, the pledge pressure on ordinary users will be greatly increased, and even in order to make a transfer, more than 100 yuan of EOS needs to be pledged.
However, this is not the first time the EOS mainnet has been congested. As early as the end of 2018, when gambling applications were popular in the currency circle, in the face of high market dividends, miners frantically stuffed every EOS into the CPU system, and the main network of EOS was almost paralyzed at that time. Still the same.
The high pledge fee discourages project parties and ordinary users. The "free transfer" of EOS seems to exist in name only. In order to make their applications run smoothly, project parties often need to rent a large amount of EOS for pledge, and this cost makes many project parties Miserable. Although block.one, the parent company of EOS, has updated and optimized the resource model several times, and launched the resource exchange REX, hoping to use market functions to regulate resource congestion, it has not changed the embarrassing situation of "popular applications easily clogging the entire network".
On November 27, 2019, the EOS-based social platform KARMA announced that it would migrate its applications to the WAX chain; on December 2, the South Korean EOS chain game platform ITAM announced that it would cooperate with WAX to launch a new game on its chain; subsequently, Prospectors and other games The migration project has also started, and it has even topped the list of EOS game applications for a long time. The famous EOS Knight also changed its name to Knight Story, and its upgraded version was released on the wave field network. The reason for going to Tron is "the performance will be much better there".
Fu Pan, CEO of wallet service provider TokenPocket, pointed out that the fundamental reason for DAPP to leave the main network is that "the resource cost of the main network is difficult to bear, and the side chain enlarges the subsidy discount". In his opinion, developers have not migrated their DAPP projects to other main networks. Instead, the choice of side chain operation shows the sustainable development potential of EOS.
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On-Chain Governance
As the main network launch, EOS, which focuses on the "weak centralization" blockchain system, has never concealed its determination to accept supervision and introduce "rule of man". Under the general environment that generally believes in "Code is law", EOS took the lead in launching The ECAF (EOS Core Arbitration Forum) department aims to resolve disputes on the chain and resolve asset disputes. Thomas Cox, the former CTO of block.one, described it as a utopian department, which made users look forward to it.
However, contrary to expectations, the first arbitration after ECAF went online was not satisfactory. In the arbitration case code-named 2018-06-19-AO-001, ECAF did not freeze the accounts of both parties within dozens of hours after the victim filed an application for arbitration. When the supernodes were anxiously inquiring about the case, ECAF directly announced that it would not issue any arbitration order because its own rules had not yet been perfected.
After half a year of mediocrity, on November 8, 2018, the core arbitration tribunal ECAF finally conducted its first arbitration. As expected, the plaintiff won the case because the private key of the account was stolen by a phishing website. Subsequently, ECAF ordered the super node to modify the private key of the account and return it to the plaintiff, causing an uproar in the community.
"The private key can be modified at will?"
"Who gave them the rights?"
"How are the arbitrators selected?"
A series of voices of doubt came to my face. There is no such "absurd" script in the centralized financial system, but it is actually staged in the decentralized network. Undoubtedly, in the eyes of most people, ECAF is the most fatal flaw in the entire EOS network.
In addition, the voting rules, token mortgage, and resource governance model of the EOS network have undergone several changes, and are still controversial. Since the launch of the EOS mainnet, the voting mechanism of nodes has adopted the mechanism of 1 vote and 30 votes. Under this rule, a large number of "colluding" nodes have rapidly emerged. Nodes conspire with each other to form mutual voting positions and share out block benefits.
After realizing these problems, the two most influential figures in EOS, BM and Brendan Blumer, began to consider the "1 vote, 1 vote" mechanism, which is highly popular in the community. BM wrote the latest voting governance of EOS on October 15, 2019. In addition to the plan of planning six mortgage pools, the plan clearly stated that the pledge of voting rights in the new plan adopts one vote for one vote. Brendan Blumer also expressed his same position in the video program of Colin Talks Crypto.
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Could Voice be the key to turning the tide?
At the B1june press conference in 2019, block.one, the parent company of EOS, announced that it will release a blockchain social product Voice based on the EOS network. In the official introduction, Voice is a "blockchain-based, more transparent social media application".
In order to deploy and promote Voice, block.one has also poured a lot of resources into it. The purchase of the Voice.com domain name alone cost 30 million US dollars, which is equivalent to about 210 million yuan. Although this move has been questioned by the community, many people It is believed that the money spent on EOS construction will be able to play a greater value, but block.one CEO Brendan Blumer said: "Voice is a brand name with strong brand power and high value. Facebook founder Zuckerberg In a recent 5-minute speech, Voice was mentioned 37 times, and while $30 million is a lot of money, our ambitions match it.”
Not only that, block.one also purchased 3.3 million EOS RAM resources, which will be used to create accounts for Voice users. This move instantly increased the RAM price by 300%, and solved all RAM speculators.
On February 14, 2020, the long-awaited Voice project was launched as scheduled, but it did not allow the huge Chinese user group to participate. According to the official email description, Voice only allows citizens living in the United States to log in for the test, and will later extend to English Countries, and will eventually be rolled out globally. During the testing phase, non-logged-in users can't even see the content on Voice. After 8 months of waiting, it was exchanged for another test and iteration in the foreseeable future, which made Yuan Renwei feel a little chilled.
"At first I wanted to join the test as soon as possible, but then I turned off when I saw the email." Yuan Renwei said. As for the key to the success of Voice, in Yuan Renwei’s opinion, it actually lies in whether Voice can attract a large number of stars and celebrities to settle on the platform, so as to bring off-site traffic, rather than relying on players in the currency circle to entertain themselves on it.
Although waiting for the test is a bit boring, Yuan Renwei believes that the promotion stage after the test is "expectant". Block.one CEO Brendan Blumer said on Twitter that once the test is over, he will invest in marketing. Previously, EOS founder , block.one CTO BM once said that the overall budget of Voice is estimated at 150 million US dollars.
But some people in the industry expressed concern about this. Jon Jordan, the news director of DappRadar, believes that block.one has spent too much resources on Voice in order to build it into a killer application, but he is still worried that all this will become useless.
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block.one is still forward
Although the currency price of EOS is sluggish, the main network is congested, and the community is mourning. However, most developers are still optimistic about it. Even though block.one has not yet delivered an excellent answer sheet in chain governance, it has achieved good results in code agreement and regulatory response.
On September 30, 2019, according to the SEC official website and block.one Twitter announcement, the two have reached a settlement. block.one cleared SEC charges of conducting an unregistered initial coin offering (ICO) by paying a $24 million civil penalty, while granting it significant immunity from future business, meaning block.one and EOS has drawn a successful conclusion on the road to compliance. On the other hand, Telegram, which raised $1.7 billion, is still caught in a lawsuit with the US Securities and Exchange Commission (SEC), and its TON tokens are facing a comprehensive sales ban.
From a technical point of view, the "resource payment function" in EOS version 1.8 and the EOS VM launched in EOS version 2.0 are major breakthroughs in the mainnet update. The resource payment function makes the settlement of blockchain network fees more flexible. The project party can take the initiative to bear the CPU cost for users, and ordinary C-end users can use EOS-based applications more conveniently; and EOS VM is a dedicated block chain The WebAssembly engine designed by the chain smart contract, compared with EOS 1.0, it can increase the running speed of the smart contract by about 12 times, and greatly optimize the CPU usage efficiency.
At the same time, in order to expand and improve the EOS ecosystem, EOS VC launched a project funding plan in December 2019, and approved projects will receive a grant of US$50,000. EOS VC stated that the size of the application project is not a problem, and they are looking for high-quality teams with "promising prospects".
Before publishing this article, on February 25th, the proposal of "setting the total inflation rate" initiated by EOS super node EOSNation has been officially passed. The proposal requires that the total inflation rate of EOS will be changed from 5% to 1%, and will no longer be injected into the eosio.saving account.
