Block.one, the leading provider of high-performance blockchain solutions, developed EOS.IO years ago and published the first white paper in 2017. After launch, Block.one CEO Brendan Blumer announced that the platform will support the EOSIO blockchain with more than $ 1 billion in funding.
Although Block.one continues to operate independently, it is obviously very close to EOS. According to Blumer, the success of EOS is crucial for Block.one. In a series of tweets, Blumer explains his views on EOS and how Block.one will spend its resources in the future.
“The road ahead is very exciting,” says Brendan Blumer
As CEO of B1, I see many sides of the #EOS community around the world, which is extremely rewarding and insightful, but also comes with being in daily contact with those who have a different vision of how we should use our time and resources.
– Brendan Blumer (@BrendanBlumer) May 10, 2020
Brendan Blumer first explains how his contact with EOS communities around the world has helped him understand both sides. According to Blumer, EOSIO is still being developed through research and development as well as its own application. EOS is designed in such a way that nobody can control the tokens centrally and operate the network.
“The #EOS community is extraordinarily diverse and I am grateful that so many of you deal with me so intensively. I wish there was some way to keep you all happy all the time, but between token holders, Dapp authors, network operators and even regulators … “
Block.one plans to participate in the EOS block voting process this month, though the company has been planning to do so for years. The platform still controls nearly 10% of the EOS coins in the world and would become a huge single voter for any block producer.
“Block.one believes that staking systems will be an important component of the future token economy. To ensure maximum network security and constructive participation, Block.one will begin to stake out and fine-tune its EOS token position,” added Block.one added.
Not that long ago, Block.one was forced to pay a $ 24 million fine for running an unregulated ICO worth roughly $ 4 billion. The company paid and is now working with no problems.