20/4/2018, Sydney - Fans of EOS, entrepreneurs and cryptocurrency enthusiasts alike arrived at Sydney’s Portside Centre, to attend the first WhatEOS Roadshow. The event started with 2 speakers – marketing representor Acqeel Ziyad, and security manager Roger Zhou from WhatEOS.
Acqeel Ziyad is responsible for WhatEOS and also, he is the co-founder and editor in chief of Fintech Review - a publication on the intersection of finance and technology.
Firstly, he introduced Jayden Wei, who is managing director of CollinStar Capital, one of the co-sponsor for WhatEOS. Then, he spoke about how EOS is a leader in the Blockchain sphere, and how the technologies being developed by the team are going to impact the way in which we see parts of Blockchain technology, such as consensus algorithms, for example - with EOS’ DPoS mechanism.
Roger Zhou is leading security at WhatEOS team. He introduced WhatEOS as a EOS community aiming to become Oceania’s most stable, and most secure block producer.
EOS block producers (BPs), are points of intersection in a Blockchain which collect transactional information and pack them into blocks. According to the EOS.IO Technical White Paper, the consensus algorithm utilised by EOS – Delegated Proof of Stake (DPoS) – requires 21 block producers to run the entirety of the EOS network.
Block producer elections help mitigate centralisation and maintain the stability of the EOS network. Using the DPOS algorithm, those who hold tokens on a Blockchain adopting the EOS.IO software, can select 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 they can persuade token holders to vote for them.
Roger went on to explain, that to achieve this, the WhatEOS team has created multiple specialist departments, including: Cloud service development team, legal team, and a vetted security team, with additional help and support from world-renowned cryptocurrency development communities. He explained that WhatEOS uses 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 the it from certain geo-political obstacles while ensuring that it won’t be exclusively running in one single country for security and availability purposes.
WhatEOS consists of an exceedingly experienced and educated team, including members of many other highly successful Blockchain projects, exchange platforms and companies. Many members of the team have previously worked on projects together, meaning they can work as a team, and are able to communicate effectively with each other - an all-important trait to have in an organisation.
WhatEOS has a number of co-sponsors, providing funding to set up the crucial infrastructure to run the system. These consist of the aforementioned CollinStar Capital; Hyper Pay - a company providing a multi-function wallet with no transaction fees between wallets, including EOS, and allowing PoS mining; and JNB - an exchange platform based in Japan, focused on a strong service, security and support structure.
Additionally, there are 4 main strategic partners joining WhatEOS. There are; Alibaba Cloud, who will be providing WhatEOS with a world-class cloud computing infrastructure; Hatchstone, who are a VC investment and advisory firm, with a legal subsidiary, which will provide legal and compliance advisory; and HPX, a cryptocurrency exchange with a focus on providing RMB pairs for some of the leading cryptocurrencies, supporting EOS by charging no transaction fees on 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 necessary academic research to assist with WhatEOS’ future services.
Then came a Q&A Section, where members from the audience could ask the WhatEOS team anything about the project. There were a few questions regarding accountability, WhatEOS’ server system, and technical capabilities. The team answered the questions, explaining, that the team has accounted for all these concerns; 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 to act as a more in-depth accountability system, and lastly by the community, ensuring that WhatEOS works in the best interests of the EOS community, and the Blockchain community. The architecture of WhatEOS’ server is highly capable, with an advanced security design, and incident response plan, and a robust disaster recovery strategy. 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.
The event came to a close, with guests later having the opportunity to network, and discuss the industry, technology, EOS, and the block producer competition, with speakers and other guests.
The WhatEOS roadshow will continue in Melbourne, with a meetup being held at the Blockchain Centre in May. Details can be found on the WhatEOS Facebook page. You can also join our telegram group (t.me/whateos)to get more details about the next roadshow!