Starting from this week HelloEOS will release HelloEOS Weekly on every Monday afternoon, so as to keep the community members informed of HelloEOS' update as well as the hot topics and major events around the EOS community. The HelloEOS Weekly will cover three thematic areas: HelloEOS' update, weekly hotspots and major events.
HelloEOS' Update
The Release of EOSIO v1.0.8
On July 4, the technical team of HelloEOS updated its EOS node version to the mainnet 1.0.8 immediately when EOSIO had released the latest version. This version is equipped with the core functions such as BP registration, voting, token staking for CPU and network bandwidth, RAM puchasing and token transfer multi-signature.
EOS Mainnet BPs Zoom Meeting
On July 5, the technical team of HelloEOS participated in the EOS global Zoom meeting. The main issues discussed in accordance with the agenda are as follows:
- Purpose of the Zoom meetings - Luke Stokes (eosDAC)
- Block Producer tradtions - Rick Schlesinger (EOS New York)
- Criteria to access Zoom calls (if not moot) - Roger Davies (EOS UK)
- Criteria agreed to among producers - Josh Kauffman (EOS Canada)
- Regarding Chinese “Cryptolions2” Ponzi Scheme fraud
- Emergency response procedures - Ben Sigman (shEOS)
- Shell company BPs, how to ban, remove?
- Exchanges holding EOS tokens hostage.
- Top 21 BP (eoscleanerbp) has no public endpoint / no bp.json
The attendees has voted to change the frequency of the meeting from twice a week to once a week.
Weekly Hotspots & Major Events
The Controversy around EOS RAM
On July 3, the price of EOS RAM became the top hotspot that week when the RAM price increased to the highest point since the Mainnet launched —— 0.93 EOS/KB. Several exchanges have planned to set up a RAM exchange function. However, along with a thorough debate and the weakening attention paid by the market, the price of RAM fell sharply from the peak.
On July 2, Eyal, the author of Bancor which is applied in the RAM pricing mechanism, participated in the EOS BPs Zoom meeting and discussed with the atendees the issues related to EOS RAM. BM also mentioned in the Telegram group that he is looking for the best solution to increase RAM supply.
On July 5, BM released an article themed on the RAM market and Bancor Algorithms. It's suggested to modify the parametre from 0.05% to 50%, in order to reduce the price flactuation caused by the block trade. In addition, a continuous, steady RAM expansion can reduce the RAM price.
On July 5, BM posted in the Telagram group that ZB's EOS trading (RAM/EOS) inside their exchange will not affect the liquidity of the RAM market. (Such trading has been banned when the community found out that it violated the Constitution.)
On July 6, BM anounced that the weight function in Bancor Algorithms will not be changed. Speculation will be controled through increasing RAM supply and developing derivatives.
On July 8, BM indicated that after all the RAM has been "sold out", transaction can be achieved by leasing. Moreover, the derivative of RAM, which is named as "DRAM", will be released as part of the multi-stage approach to reduce the RAM price. It will take several weeks to start up.
Take EOS Account Security Seriously
Last week, the number of users who created an EOS account rose with the skyrocketed RAM price and the newly added function of withdrawl and deposit in the echanges. However, because some users are not familiar with the "double private key" mechanism of the EOS account, combined with the security vulnerabilities of the third-party private key generating tools, several EOS account has been broken into.
On July 4, an investor, whose Wechat name is Hongchen, appealed to EMAC (EOS Manderin Arbitration Community) for help. This investor claimed that 14869 EOS tokens has been stolen from the account. With the assitance of EMAC and the media associated with the community, the victim's wallet permission has been remodified the very night. This incident was the first successful case in which the stolen EOS has been retrieved.
On July 6, an EOS holder, baosange1212, stated in the WeChat group that with the help of the community media and other kind-hearted groups, he has recovered all the EOS worth CNY800,000 within 4 days.
The So-called "EOS Super Node Alliance" Fraud Incident
Last week, an organization called “EOS Global Super League Community” pretended to be Crypto Lions, a Ukrainian node. This organization called for the users to vote for it and promised to pay dividends to the voters. It has been proved that the organization is a fraud. Unfortunately, many people have been deceived. HelloEOS reminds that the promise of dividends for voting is a bribery, which is expressly prohibited by the EOS Constitution.
The First EOS Sidechain Starts Up
The rising of the price of the EOS RAM led to BPs' discussion of sidechains. On July 2, some BP asked BM about when the sidechain and cross-chain communication functions will be open. BM responded that the basis of the cross-chain communication theory — Merkle proofs — has already been confirmed.
On July 8 at 12:00 (Singapore time ), the first EOS sidechain SBC's mainnet got started. After the activation, The EOS mainnet will conduct a 1:1 airdrop to the users in accordance with the snapshot.
Former Jefferies Asia CEO Mike Alexander to Lead Block.one
On July 5, Block.one appointed Mike Alexander as the new CEO of EOS' VC Ventures unit. Alexander was the former CEO in Asia for Jefferies, a US global investment banking firm and a financial service provider, where Alexander has worked for 8 years. Block.one has allocated approxiamtely $700 million through VC partnerships in the United States, Europe and Asia, with the aim to promote the EOS ecosystem.
Steemit 2.0 and Bitshares 3.0 will be released
On July 8, BM anounced in the Telegram group that Steemit 2.0 needs Bitshares 3.0 for its tokens, while Bitshares 3.0 will use EOS as collateral and pay fees to EOS staked token holders.
= END =
HelloEOS Community
HelloEOS BP
HelloEOS Weibo
HelloEOS Wechat：hello-eos
HelloEOS Twitter
HelloEOS Telegram