The crypto community will soon receive a minor boost during this period of crypto cool down, as Dan Larimer, one of the developers who created EOS’ has announced plans to create a new token. The developer at Block.one announced his plans via Telegram;
“I will say it again, I am not leaving EOSIO or B1. In the process of working on EOSIO security and scalability I stumbled upon a new set of tradeoffs for a potential crypto token and I have merely been exploring whether there is a market for those tradeoffs. EOSIO is the future of blockchain and each day our team at block one is making it faster, more secure, more scalable, and more flexible.”
Larimer stated the advantages the new token would possess, the MonerEOS as its called would be a hypothetical token that is immutable, non-programmable, and limited to a currency role. The digital token would in no way compromise the much larger uses for MonerEOS applications.
Some of the attributes of the crypto traders were disclosed on a different Telegram group, Larimer stated that crypto users would hate it, indicating that it will be a match-up between privacy-center cryptocurrency the Monero (XMR) and EOS.
Skepticism from Cryptocommunity
The Crypto community however has received the announcement of the project with skepticism, as it is almost five months after launching the EOS. Though the developer is known for jumping from project to project, the Crypto community is quite in doubt about the new project majorly because of the recent downfalls of his past crypto projects.
This week alone, crypto giant Steemit had laid off more than 70% of its staff because of the harsh pressures of the crypto bear market.
Ned Scott, Steemit CEO stated that the crypto firm was restructuring to manage the company.
The EOS according to New findings is not a blockchain, as transactions are not cryptographically validated. To worsen the situation, EOS moderators can change the history of transactions on it and even revert previously-confirmed transactions.
Larimer has even mentioned at a certain time that decentralization is not EOS’ top priority.