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Block.one Hires Team Behind Prominent Block Producer EOS New York

Block.one Hires Team Behind Prominent Block Producer EOS New York

EOSIO developer Block.one has recruited the workforce behind EOS New York (NY), a high-profile Block Producer on the EOS community. 

Founded in 2017, EOS NY was a one-time #1 Block Producer on EOS, however has now ceased its operations, an announcement on March 25 revealed. Speaking to Cointelegraph, EOS NY founder Kevin Rose mentioned:

“We are deeply grateful for the way in which the group has embraced our workforce over these previous few years. EOS NY was shut down previous to our becoming a member of Block.one, and EOS NY was not a part of our transfer. We are excited to proceed as a group participant in these new roles at Block.one.”

Block.one has mentioned that its rent of Kevin Rose, co-founder Rick Schlesinger and the EOS NY workforce is geared toward deepening its “engagement with public blockchain communities” and to “promote ideas to foster open, organized, and decentralized public network operation, and represent its interests as a token holder of several public digital assets.”

Block Producers’ position

As beforehand reported, EOS Block Producers (BPs) are analogous to miners on the Proof-of-Work-based Bitcoin (BTC) blockchain or staking nodes on a Proof-of-Stake (PoS) protocol. 

The distinction with EOS lies in its consensus mechanism, referred to as “delegated  proof-of-stake,” whereby — in step with the governance phrases set by EOS’ structure — community contributors are capable of stake their tokens to vote for his or her BPs as “elected delegates.” 

Rather than staking their token holdings as in a PoS system, Block Producers stake their funding within the community within the type of infrastructure, group help and growth.  

Block.one deferred disclosing particulars of the workforce’s new tasks of their roles, stating that their integration into the corporate was nonetheless within the early days and that particulars could be shared as new initiatives unfold.

Recent developments

On March 27, Block.one introduced an funding of $150 million into its U.S.-only blockchain-based social media community, Voice. The platform, nonetheless in beta testing, has drawn criticism for its knowledge dealing with, whereby a U.Okay.-based agency reserves the precise to share all consumer knowledge collected with its workers and contracted third events.

In early January, Block.one launched the newest model of the software program underlying the EOS blockchain, EOS.io 2.zero, which features a purpose-built WebAssembly (WASM) engine for EOS good contracts, in addition to multithreading help as a part of the community code.

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