EOS Hot Sauce is a weekly digest of all the hottest topics from around the EOSIO ecosystem. The space is evolving so rapidly it can be hard to keep up! We keep on top of it so you don’t have to. 

Pomelo Open-Source Crowdfunding Platform

pomelo brand with a CryptoFinny nft promotion

EOS Nation and EOS Asia are proud to introduce Pomelo – an open-source crowdfunding platform that multiplies your contributions, coming to EOS later this year. 

Inspired by Gitcoin, contributions are matched from a pool of funds initially provided by Block.one and other matching partners. With the magic of quadratic funding, more matching funds go to the projects with more unique donors. 

We announced that we received a grant from Block.one to fund the development of such a platform back in March. We’ve been working hard and we’re excited to share some of our progress for the first time since that announcement. 

Rather than spoil all the fun here, go check out the new landing page for yourself at pomelo.io. And dig a little deeper with the great Pomelo overview from Cryptowriter.

We still have a lot to share, including tips and tricks to maximize your funding. So check out the landing page and get subscribed for updates. The first 200 people who subscribe to our newsletter through the Pomelo landing page will receive a beautiful new Pomelo Crypto Finney NFT, courtesy of the awesome team at Cryptowriter! Sweet!

Nodeos: Stable EOSIO 2.1 Release

eosio version 2.1 blockchain upgrade advertisement

EOSIO 2.1 now producing blocks on EOS Mainnet

The journey to upgrade the underlying base software of the EOS blockchain is a long one. EOSIO 2.1 was first revealed by Block.one in December 2020, and after refinements and testing EOS Nation has deployed it on EOS Mainnet in May 2021. Let’s explore what transpired, and and what’s left to do:

Background

EOSIO is open source software that runs the EOS blockchain. It’s also used on other chains such as WAX and Ultra. Network Operators (like EOS Nation) and Developers run this software on either their own hardware or or in the cloud to produce blocks, share blocks over peer-to-peer networks (P2P) and/or interact with the blockchain application programming interface (API).

When a new version of the software is released, the goal is to add some new features while not breaking anything already being used. This involves a lot of testing, which includes using (and sometimes breaking) public testnets like Jungle.

Up to now

For EOSIO 2.1, Block.one made 3 release candidates available: rc1 on December 15, rc2 on December 31, and rc3 on February 17 before the final release on May 20. Each of these releases addressed issues found in 2.1 and included improvements that were in parallel going live on EOSIO 2.0.x.

For each of these releases, in order to gain confidence that the new release doesn’t break anything, EOS Nation uses a variety of testing strategies. Some tests involve making the software publicly available on test networks, first on an API endpoint and then later updating the block producer node.

When a critical issue is found, then the remaining testing stops. For example, rc1 had several issues and was not widely used.

Once the testnet seems to be working properly with the new software, then some non-critical nodes on EOS Mainnet are upgraded (such as the nodes that are used for internal reporting).

Only once the final release is available and has been tested does the EOS Nation Block Production node get upgraded. This has been done, and EOS Nation is producing blocks using EOSIO 2.1.

What does this mean for the average user? Well nothing really: blocks produced by EOSIO 2.0 and EOSIO 2.1 look the same.

From an operational point of view, one of the features that EOS Nation is using right away is the ability to control how much history EOSIO keeps. For many nodes, like the block producer node, they don’t need to keep any history – and with EOSIO 2.1 it can be automatically trimmed, saving on disk space and the need to manually remove the old blocks.

Next steps

While EOS Nation has upgraded the public API, public P2P and Block Producer nodes to EOSIO 2.1, not all EOS Nation nodes are upgraded: our reporting and history solutions still need to be upgraded to the new release. This will take a few months to adopt the software and perform the upgrades.

One question that comes up often is “when will the upgrade be completed?” The answer is, “it takes a long time.” EOS Nation has many nodes using EOSIO that need to be upgraded. But every other user (not just block producers) on the network will need to run through steps to do their own upgrade as well. Past experience tells us it will take 6 months or so for everyone to upgrade.

Once all nodes are on EOSIO 2.1, then the blockchain can itself be upgraded to use 2.1 features. The main feature in this release is Key Value Tables. Key Value Tables offer a more flexible, simplified way for developers to create and search on-chain tables. Developers can also modify the table structure after it has been created, which is currently impossible with multi-index tables.

The full release notes are available at https://github.com/EOSIO/eos/releases/tag/v2.1.0.

Newdex Whitepaper V2.0 with ETH and CEX Listing Focus

newdex description of its white paper version 2.0

Newdex recently released its whitepaper version 2.0 and held a Global Online Press Conference on May 20, 2021 to discuss it. During the event, which consisted of two AMA sessions, the team  answered questions from the Newdex community.

Created for decentralized trading in 2018, Newdex has become the most popular DEX on EOS. Having made giant strides of progress over the years, Newdex reaffirmed its commitment to exploring new forms of decentralized trading and its plans to become a multi-chain DEX.

The whitepaper is essentially a testament to Newdex’s commitment to improving the aggregate DEX on EOS, as well as developing the multichain feature which would include Ethereum (including Layer 2), and other chains. Features such as order book, advanced K-line, price market, token information database will be integrated into the exchange.

In order to achieve their goal of creating a multichain decentralized exchange with “the best depth, best price, and best experience,” Newdex has devised plans to develop the first virtual order-book feature on Ethereum. While the real order book cannot be supported on Ethereum for the time being due to high gas fees, there is hope to realize the “real order book” feature on ETH Layer2, Binance Smart Chain and Huobi ECO Chain.

Newdex will launch a DAO governance for making token aggregation rules, VIP airdrop rules, transaction fees adjustments, and so on. This would allow token holders to derive more utility from the Newdex token by participating in project development through voting.

Talking about the Newdex token, the team revealed that they have plans to list the token on a centralized exchange and rename the token symbol from NDX to DEX and to reduce the total supply of 10 billion to 100 million through a swap of NDX to DEX at a ratio of 100:1. After this swap, DEX will be issued on multiple chains. If you’re a NDX holder, be on the lookout for more updates on how to swap your NDX to DEX.

There are lots of other exciting updates coming up on the Newdex ecosystem. To get the full details read the Newdex whitepaper V 2.0.

Early Access to Anchor on Android

Team Greymass has released the Android version of the Anchor wallet on the Google Play Store for early access

This release is meant to help the Greymas team refine the user experience, collect feedback from users, and remove bugs from the app. Users are therefore advised to use the wallet for small funds until the full version is released on Google Play Store.

The Anchor wallet authenticator and desktop applications have been available for a while on Windows, macOS, and Linux. The official release has been available for iOS already for some time, and even includes a user friendly account creation feature.  It’s great to finally have the app available for Android users too.

The Android wallet currently supports EOS, FIO, Proton, Telos, and WAX, and also features simple actions like importing Existing Accounts, logging into Anchor compatible apps, and signing transactions.

You can check out the list of applications supported by the wallet, and other details at the EOS Community Forum.

WAX NFT Tools: BountyBlok, Blenderizer

Bountyblok

Bountyblok, the gamification tool on the WAX blockchain that helps users to deploy, distribute, and manage NFTs on WAX recently revealed some amazing statistics on Twitter. They announced that they’ve helped projects with over 2,000 NFT distributions across 25,000 transactions and 570,000 accounts.

Gift NFT is a similar tool by Bountyblok on WAX that artists use to gift NFTs to their family, friends or fans. Gift NFT has helped users give over 15,000 NFTs via Email and Twitter DMs to friends and family.

The Bountyblok team also recently released a new feature allowing collections to reward users who complete Typeform forms such as surveys, product feedback, quizzes, polls and more!

Bountyblok, Gift NFTs and Typeform rewards are great tools that could greatly improve the experience of creators on WAX. Try them out and let us know what you think!

Open-Source Blenderizer

Marcos DK, a developer on WAX, announced on Twitter that he has made Blenderizer open-sourced. Blenderizer is a smart contract for the WAX blockchain that allows users to burn an NFT to create a new NFT. The creator of the project described it on GitHub as “a funny system to control NFT supply excesses and to make your collection more attractive.”  The decision to open-source the contract came after the team kept being bombarded by requests for new features for this very popular contract. Now anyone can add the features they desire to Blenderizer and we can’t wait to see all the innovation that’s likely to flow from this decision.

Cryptowriter Gets a New Home​

While Voice was taken offline recently in preparation for their relaunch as an NFT platform, Cryptowriter has stayed active and found a new home for their long-form crypto-focused content. We encourage our readers to sign up for their new platform to stay-up-to-date with all the great content from their impressive roster of writers.

Cryptowriter is also active on YouTube, through The Cryptowriter Podcast Network. Adam J. Carswell recently interviewed  Lars Kommienezuspadt, a prominent artist working with EOS Detroit, for a behind-the-scenes look at the life of an artist that is *almost* overwhelmed by all of the art that is being produced!  Lars is the main artist behind the Crypto Finney series and has also worked on many other NFT series.

While the NFT hype is certainly real and important, The Cryptowriter Podcast Network also offers great content on a wide variety of crypto topics. For example, the recent Chaney Moore interview with Rick Schlesinger of Block.one’s Public Blockchain Engagement group is a 25 minute audio-only interview where they discuss the recent EOS staking rewards proposal from Block.one.

Another recent video was Cryptowriter’s first EOSIO BP Roundtable where they discuss a variety of important EOSIO topics with some of the most well known block producers of our ecosystem. This first episode featured Jimmy D from GenerEOS, Anders from EOS sw/eden, Sharif from eosDublin, Adrianna from Cypherglass and Michael from EOSUSA.

And finally, while we’re on the topic of EOS video content, we wanted to highlight a new EOS YouTuber that entered the scene last week named Felix Ruiz. While he’s not part of the Cryptowriter team, we still wanted to highlight this creator and encourage our readers to check out his content and subscribe to his channel. It’s great to see a new content creator in our community!

EOS Nation is a top Block Producer on the EOS public network. We earn inflation rewards based on the percentage of tokens staked towards us. Those rewards are reinvested into EOSIO community, tools, and infrastructure. Help grow the ecosystem by staking your vote to eosnationftw for BP or proxying to proxy4nation

Remember, we never accept compensation in exchange for featuring projects in the EOS Hot Sauce. That means if a project is included in the EOS Hot Sauce it’s because we believe that project brings value to the EOSIO ecosystem and we want our community to know about it!

Are you building an interesting project on EOSIO? We want to hear from you! Reach out to us on social media or email info@eosnation.io. 

Thank you for supporting EOS Nation and for reading this week’s edition of EOS Hot Sauce! Want more spicy updates? Check out some of our recent EOS Hot Sauce episodes!

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Disclaimer: The information provided above does not constitute investment advice, financial advice, trading advice, or any other type of advice whatsoever, and the information on our website should not be trusted as such. We present this information to you as general market commentary. The information does not constitute investment advice or any professional financial advice of any sort whatsoever. We do not advise or recommend that you buy, sell, or hold any cryptocurrency, digital token, ICO, or digital asset whatsoever. We advise users to conduct their own due diligence and consult with a qualified financial advisor before buying, selling, or holding any type of digital asset or cryptocurrency. We will not be held responsible for any investment decisions made based on the information provided on the website.

Daniel Keyes

Chief Operating Officer (COO)
Responsibilities include: product management, operations, community
Location: Toronto, Canada

Prior to founding the first EOS community in Toronto and co-founding EOS Nation, Daniel spent a decade in the financial technology industry working several diverse roles. His extensive experience in customer service, sales, sales coaching, agent training, digital marketing, digital process management (lean green belt), and product management (certified scrum master, certified product owner) eventually lead him to consulting for a blockchain dev shop.

Daniel earned a Bachelor of Journalism from Ryerson University in 2009 and worked as a chase producer intern at Global TV.

Daniel lives by the principles of Truth, Love, and Freedom.