May 2, 2018 – Melbourne, Australia – WhatEOS, an organisation of EOS enthusiasts formed by a community supporting the EOS blockchain ecosystem, successfully held its second roadshow on the 2nd of May 2018, at Melbourne’s Blockchain Centre.
At the event, WhatEOS was accompanied by Jayden Wei, Managing Director of CollinStar Capital, and Roger Zhou, former analyist at Deloitte Australia’s risk advisory, security manager at Legend Digital, and head of security at WhatEOS. Roger introduced the organisation as one aiming to become Oceania’s most stable and secure EOS Block Producer (BP).
EOS Block Producers are points of connection in a Blockchain which collect transactional information and pack them into blocks. He explained how Block Producer elections help mitigate centralization and maintain the stability of the EOS network. “Using the DPoS algorithm, those who hold EOS tokens can vote for Block Producers through a continuous approval voting system. Anyone can choose to participate in block production, and will be given an opportunity to produce blocks, provided token holders vote for them. To achieve this, the WhatEOS team has created multiple specialist departments, including the cloud service development team, legal team, and a vetted security team, with additional help and support from world-renowned cryptocurrency development communities”.
The WhatEOS ecosystem is held accountable by a three-part system. Firstly, with a range of rigorous internal control measures, then using professional external auditing services, and lastly by the community, ensuring that WhatEOS works in the best interests of the EOS and Blockchain community.
The architecture of WhatEOS’ server is highly capable, with an advanced security design, incident response plan, and robust disaster recovery strategy. They also use local and cloud servers to store data, creating a hybrid system which will adopt the advantages, and alleviate some of the disadvantages of both systems. They take a multi-regional approach to building the node, which will help prevent it from facing certain geo-political obstacles while ensuring that it won’t be exclusively running in one single country for security and availability purposes. This, alongside WhatEOS’ technical capabilities including all aspects relating to the industry – from research to building core infrastructure, to complex management systems, to app development, and beyond, makes it a top-tier competitor in the race to become an EOS Block Producer.
WhatEOS has a number of co-sponsors, providing funding to set up the crucial infrastructure to run the system. These consist of CollinStar Capital; Hyper Pay - a company providing a multi-functional zero-fee digital asset wallet; and JNB - an exchange platform based in Japan.
There are four main strategic partners joining WhatEOS. These are: Alibaba Cloud, providing WhatEOS with world-class cloud computing infrastructure; Hatchstone, a VC investment and advisory firm, which will be providing legal and compliance advisory; and HPX, a cryptocurrency exchange providing RMB pairs for leading cryptocurrencies with zero-fees for EOS trades. Finally, the CollinStar Joint Laboratory, based at Monash University’s Clayton campus in Melbourne, with a newly established arm at Hong Kong Polytechnic university, will provide academic research to assist with WhatEOS’ services.