EOS Foundation CEO: “EOS in its current form is a failure”

At a virtual event on Wednesday, EOS Foundation CEO Yves La Rose said that "EOS in its current form is a failure," according to a transcript of prepared remarks.

In his speech, Rose weighed in on the past and future of the EOS blockchain protocol, saying the project's native currency, EOS, was a "terrible investment."

The speech places much of the blame on backer and former developer Block.one, and says the EOS Foundation intends to step up its activities as the project "can no longer rely" on the Cayman Islands-based blockchain software company.

The comments also outline the path forward for the project, which includes the formation of new core teams, the creation and promotion of grant programs, and the development of a roadmap guided by the “four pillars” of new products.

What is the EOS cryptocurrency?

The idea of ​​the project is to combine the capabilities and prospects of different smart contract technologies (for example: Bitcoin security, Ethereum computational support) in one simple, scalable platform of decentralized applications for the average user.

EOS promises to dramatically change the decentralized application industry by lowering the barrier to entry for developers and anyone else who needs solutions based on blockchain technology.

The ultimate goal of EOS is to build a secure and transparent blockchain platform for decentralized applications. One that could easily scale to thousands of transactions per second, while providing equally convenient access to the service for developers, entrepreneurs and ordinary users. So what is EOS? The final goal of the project is a full-fledged operating system for decentralized applications ( dapps ) aimed at the Internet. This operating system will provide services such as user authentication, cloud hosting and server hosting.

Authentication

The EOS Network is a ready-made platform for decentralized applications that allows developers to use a full authentication system. User accounts are assigned rights with different levels of access, and the accounts securely, locally store their own personal data. Recent EOS updates have added the ability to use one common database for multiple accounts, as well as the ability to store user data on a local machine off the blockchain.

The network provides the ability to restore an account if it has been stolen or compromised.

Everything is in the cloud

Server hosting and cloud storage are also part of the EOS ecosystem. This means that application developers will be able to create and run applications and web interfaces on this hosting and in the cloud. They will also be able to use the EOS network communication channels. This opens up great opportunities for developers, as they will receive a ready-made infrastructure where the issues of secure data storage and transmission will already be resolved.

Developers will have access to resource load and traffic analytics through EOS and will be able to configure resources individually for each application. This service is paid for by storing EOS tokens.

Scalability

Most major blockchains (Ethereum and Bitcoin, for example) use “state consensus”. This means that anywhere on a network of computers, the current state of the entire blockchain can be checked to prevent fraud and confirm transactions. The blockchain in these cases represents a graph of the state of the system. When a new block is added to the blockchain, network nodes take each transaction from the block and update the state of each address associated with that transaction.

When using "event consensus", the focus is on transactions (or simply messages), as opposed to state. Instead of checking the state of the network, nodes check the sequence of events that just occurred to obtain information about the state of the network. The result is a system that takes longer to confirm all transactions from the start, but has a much higher transaction throughput while running.

Simply put, EOS can easily scale to speeds of one million transactions per second on a single node. This means that in a network of several nodes, the throughput can be infinitely large .

Free use

Applications built in the EOS ecosystem do not require micropayments for end users to transfer, for example, messages or use other blockchain functions. The application developers themselves determine the monetization mechanism and how the transaction fee will be charged, which is one of the lowest in the blockchain industry.

EOS Features

The EOS platform provides a governance model that is based on the ability to vote on which transaction to approve, determine whether an application is working correctly, and decide whether to make changes to the code of applications or the EOS system itself. This approach to governance means that the community will be able to democratically influence the development of the network: improve the code and correct errors in it.

High performance

The EOS system reduces processing delays and increases productivity by structuring generated blocks (currently produced in 3 seconds and tested in 0.5 seconds) into “cycles”. The loops are in turn structured into “threads” that run in parallel. This allows messages and transactions to be sent and responded to within individual blocks and between blocks, bringing the theoretical lower bound on response times to simply the time it takes for messages to travel across the network.

Who are block producers in EOS?

EOS block producers are decentralized entities that operate the EOS network.

They are responsible for adding blocks of transactions or data to the EOS blockchain. Essentially, producers perform the same functions as miners in a proof-of-work (PoW) blockchain or stake nodes in a proof-of-stake (PoS) blockchain.

EOS. Source: Reddit

They were described by EOS co-founder and CTO Dan Larimer.

Block producers can be compared to “DJs.” They decide what music and what calls to broadcast.

Team and community

The EOS project is being developed by Block One, led by Dan Larimer (co-founder of the super successful projects Bitshares and Steemit ) and Brendan Blumer. Both have serious experience and weight in the crypto industry, as creators of successful projects. In addition, Block One employs more than 35 experienced developers with many completed projects under their belt.

The EOS team is moving forward according to the Roadmap they published in 2022 and have now successfully achieved many key development milestones. Their first release, EOS Dawn 1.0, came out on September 14, 2022. The second release of EOS Dawn 2.0 (December 4, 2017) provided resource control and communication between blocks. OES Dawn 3.0 was released on April 4, 2022 and a lot of functionality was added to it that was not even in WhitePaper. The release of EOSIO 1.0 was released in the summer of 2022 and became the first official version of the operating system. Many predict a bright future for the project. Definitely, this asset should be in your investment portfolio.

EOS has one of the largest and most active communities in the crypto world. There are many local sites, channels and communities on social networks. All this indicates investor trust, as well as a well-built relationship between the team and the community.

Key EOS Resources:

• Official website https://eos.io/
• Github https://github.com/eosio
• Steemit https://steemit.com/@eosio
• Medium https://medium.com/@eosforumorg
• Twitter https://twitter.com/eos_io
• Telegram Telegram group
• Facebook https://www.facebook.com/eosblockchain

What about the founder?

Block.one CEO Brendan Bloomer mentioned the EOS Foundation in a supportive tweet last month.

“Since EOS launched to the public, I have not seen this level of innovative collaboration with the community. From Eden On EOS working to revolutionize network governance to the EOS Foundation providing community funding, I have never been more optimistic about decentralized governance,” Bloomer wrote.

Block.one recently shifted its focus to developing Bullish, a Wall Street-backed crypto exchange that is built in part on the EOS blockchain. The exchange, which is still in the pre-launch stage, announced in July that it would go public in a $9 billion special purpose acquisition company (SPAC) deal and a subsequent IPO.

EOS cryptocurrency

EOS uses a unique token sale technology that no one has used before. The ICO was launched on June 26, 2022 and will run for a full year. A total of 350 periods will be held. At the end of each period, the total number of EOS tokens allocated for that period will be distributed to participants based on the amount of ETH they contributed divided by the total contribution.

During this time, the EOS cryptocurrency was added to all major known exchanges, so that the value of the coin is already determined by the market. All this provides a lot of opportunities for investors, since there is enough time to analyze what the team is doing and draw their own conclusions about the future of the project.

The EOS token itself does not have any functionality. Developers will need it to create their own tokens within applications or for voting on the EOS platform.

Manufacturer information

The question of the manufacturer of a particular product in modern reality is quite complex and multifaceted. To understand it, you need to know all the intricacies of production, representation, marketing, and also understand the essence of the work of distributors. Long gone are the days when the brand owner monopolized production. Then everything was extremely simple: if a brand, for example, was American, then the product was produced in America. Today things are different, and many Russian or European goods are produced in Chinese facilities. How, then, to answer the question about the country of origin?

A similar picture is observed in terms of the production of disposable electronic cigarettes EOS. We should start from the end of the production chain. The cigarettes themselves, like other vaping products, are supplied directly from China. At the same time, ) itself is “registered” in Vladivostok and acts as an importer. If you look at the information presented on the packaging of vape products, it follows that the development belongs to the Americans (California). This is currently a completely acceptable practice when a Russian manufacturer acquires technology abroad and produces products under its own brand.

The company independently promotes its products, so electronic cigarettes can be purchased in the online store on the official website.

In addition to disposable vapes, the company produces accessories for other electronic devices. The first sub-systems went on sale quite recently. Until this time, the main efforts were aimed at testing systems. That is why the manufacturer provides a guarantee of the quality of both the vapes themselves and the smoking liquids for them.

EOS wallet. Where to buy EOS cryptocurrency

Currently, the EOS cryptocurrency has its own blockchain. This is an independent coin that should be stored in the original wallet. There are a lot of wallets. We recommend using the proven desktop wallet simplEOS. This wallet supports multi-accounts and also supports multiple airdrops that are currently happening on the EOS network.

You can buy EOS cryptocurrency on more than 130 cryptocurrency exchanges, here are the largest of them:

• Binance
• Huobi
• Kraken
• Bifinex
• Bittrex
• Cobinhood
• Kucoin
• Bibox
• HitBTC

What models are produced under the EOS brand?

The manufacturer's activities are focused on the needs of customers. In this regard, there are several models to choose from, differing from each other in technical characteristics and design. When choosing a particular model, you need to pay attention not only to the brand name, since an index or model name is added to “EOS”. It is advisable for a potential buyer to know the entire line in order to purchase the desired device.

• E-stick Premium

For a long time, this model was the flagship among all disposable electronic devices. It is distinguished by a glossy body and a unique conical mouthpiece.

• E-stick PREMIUM PLUS

E-stick PREMIUM PLUS is the successor to the previous version. It has an increased resource and has a fairly stylish design. Regardless of the flavor of the flavor, the body of the device is painted silver.

• E-stick AIR TOUCH

The soft soft-touch coating makes the device more stylish and youthful. Designed specifically for lovers of not only bright tastes, but also pleasant tactile sensations.

• E-stick Wide

The unique shape of the gadget was separately patented by the manufacturer. At first glance, the device seems massive, but it is very convenient to carry and store. Available in various flavor variations.

• EOS CUBE ONE

Devices with an increased resource and a fairly attractive price. Designed for 1500 puffs.

• EOS AIR WIDE

A copy of E-stick Wide devices, but with almost twice the service life. The special compact shape of the gadget makes this model unlike any of its analogues.

• E-stick SILVER PLUS

The devices, both in terms of their characteristics and cost, can easily be classified as in the middle segment. The model is distinguished by its original all-metal body.

EOS Cube One Review

EOS Cube One cigarettes are no different in appearance from many other models of different brands, but they are one of the longest-lasting devices, so they deserve special attention. The line of flavors of one model is united by one silver color. Only the color of the inscription gives away this or that aroma.

Package

The cardboard box in which each vape is packaged is pleasant to hold in your hand. It is quite dense, and the cardboard itself is coated with gloss. To open the box, you need to tear off the transparent protective tape. The cardboard is decorated with an abstract pattern, where the predominant color corresponds to a specific flavor aroma. On the front of the box in the upper part there is a logo and the name of the model “EOS Cube One”. Below is the device itself. Also on the front side it is indicated that the cigarette is designed for 1500 puffs, and the volume of liquid with a strength of 2% is 5 ml.

Technical information is provided on the back of the box. All inscriptions, except for the model and fragrance, are made in Russian. Moreover, there is no piece of paper with the translation pasted on it, but rather it is printed on cardboard. That is, the product is initially produced for the Russian market. The information is not as voluminous as we would like, but it is enough to evaluate the quality of the device. Once again it is duplicated that it is designed for 1500 puffs. The taste and flavor pictogram are printed on the sides of the box. For example, if the flavor is BANANA ICE, then a banana bunch is depicted.

On the back of the box it is written that the importer is EOS RUS LLC, that smoking is harmful to health, and also that the supplier has its own Telegram channel through which it is more convenient to place orders. Each system is packaged in a sealed foil bag that protects the electronics from moisture. Thus, the packaging is standard, like its analogues. But note that vapes sold without sealed packaging often turn out to be discharged. According to customer reviews, no defects have been noticed so far.

Appearance and Design

The EOS Cube One pod system is made in a classic style. The parallelepiped-shaped case is a bit like a regular flash drive, only elongated. The tips are clearly visible against the silver background of the case. The black plastic mouthpiece does not taper, meaning it does not need to be placed in the mouth. You should smoke with your lips pressed tightly to it. The second tip is the air intake. There is no provision for draft control, and the manufacturer strongly does not recommend closing the air intake opening.

The body itself is made of plastic, although it looks like it is metal. On the body there is a logo of the sub-system, an inscription corresponding to the taste and a pictogram with the image of a fruit. It is very comfortable to hold the device in your hand. It fits completely in the palm of your hand and is pleasant to the touch.

Model characteristics

• The volume of smoking liquid is 5 ml;
• Number of puffs – 1500;
• Nicotine strength – 2%;
• Battery capacity – 850 mAh;
• Presence of a mouthpiece – yes;
• Type of nicotine – salt;
• Number of flavors - 10 (blue raspberry, blueberry-pomegranate, cappuccino, Dr. Pepper cherry drink, ice grapes, iced lychee, mango-orange-guava, cold peach, sour apple, cool mint).

Precautionary measures

Vaping will be safe, and the device will fully exhaust its declared resource if you follow certain measures and rules of use.

1. Do not disassemble the device body if you do not have experience working with batteries and do not have special tools. The device is considered non-removable and must be disposed of.
2. If you do have to open the case, then avoid getting the smoking liquid on open areas of the skin, in the mouth or on mucous membranes.
3. Do not charge the battery with a normal power source, as this may cause the battery to explode;
4. If there is a sudden change in temperature, you should not immediately start smoking. It is recommended to wait a while for the temperature of the device to become equal to the ambient temperature.
5. Make puffs evenly. Try to leave a time gap between them. Double pulls and jerky pulls can cause fluid to leak through the mouthpiece.
6. If possible, hold the device so that its air intake is below the mouthpiece.

Sub-system arrangement

All EOS disposable systems are designed the same, so there is no need to describe the elements for each model. The only difference is the batteries and liquid capsules. A nichrome spiral with a resistance of 1.5 Ohms is used as a heater. The power circuit is closed when a signal is received from the pressure sensor. The liquid is supplied to the spiral through a special material similar to cotton wool.

When the vaper takes a puff, the sensor is triggered as a vacuum forms in the tube of the device. The power circuit is closed and the coil heats up to a high temperature in a split second. The liquid evaporates, and the resulting vapor enters the smoker's mouth through the mouthpiece.