EOS Hot Sauce #50 – $150M for Voice, New Block.one Products, EOS VM WASM Activated, Binance Votes and More!

The EOS Hot Sauce is a high quality digest of all the hottest EOSIO headlines from around the world. Our deep understanding of the ecosystem allows us to find the signal among the noise. We curate those signals, amplify them and deliver them to the community each and every week across multiple platforms and in multiple languages. We hope you enjoy the EOS Hot Sauce!

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Voice Gets $150M USD, New Block.one Product

Although the Voice beta is still only open to Americans, the hype for the project continues to grow as we learn more about their execution plans. Block.one published a press release this week confirming they are committing at least $150 Million USD of capital for their nascent next-generation social media and journalism platform. 

“Today’s media and social media landscapes are rapidly converging, and the resulting digital forums for engagement are broken. We’ve witnessed a profound loss of trust on social media sites given their opaque use of personal data and capricious content regulation rules: If you need to hire armies of people to remove disturbing content, then there’s something fundamentally wrong with the platform. Voice wants to bridge divisions and rebuild trust in our media platforms by promoting authenticity, transparency and humanity in our community.” – Salah Zalatimo, Voice CEO

On top of the Block.one press release, Business Insider also published an article about Voice with more quotes from Salah Zalatimo, such as this one that highlights the fact Block.one is willing to take all the time it needs to build out a fantastic product:

“It’s coming from a company that wholeheartedly believes in this mission and our ability to realize this mission. They definitely want a return, but they’re not forcing a timeline upon me,” – Salah Zalatimo, Voice CEO

And finally, Dan Larimer sat down with U.Today for an exclusive interview. Going over topics including Dan’s history, his thoughts on Voice, and the future of the web. We also got confirmation that we should expect new products from Block.one this year!

“… we have to keep some of our surprises behind the curtain for now. I can tell you that there will new products from Block.one in new industries this year.” – Dan Larimer, Block.one CTO

Is the Business Insider article paywalled for you? Find a copy of it on EOS Discussions.

All Active Block Producers Enabled EOS VM

On June 1st 2019, Block.one announced EOSIO 2.0, which included several new features. One of these features called the EOS Virtual Machine (EOS VM) is a new Web Assembly (WASM) smart-contract engine. This upgrade to EOSIO brings efficiency improvements of 12x when compared to the first version of EOSIO released in June 2018. Block producers have been hard at work optimizing both software and hardware over the last few months in order to enable a smooth activation of EOS VM.

Visit our EOS Nation blog for a complete picture of the troubleshooting that happened and the solutions that were implemented. Here are the relevant articles:

Binance Votes

One of the largest remaining inactive token holders deployed a noteworthy number of votes over the past week. Until now, Binance had not utilized the tokens under their control, but this quickly changed as roughly 40M tokens initiated the skating and subsequent voting process. Many of the block producer recipients should be familiar to our readers and listeners as there is an obvious emphasis on the block producers that held rank when the EOS Mainnet launched back in June 2018.

The votes lifted many of those block producers away from the bottom pay threshold danger zone into safer higher rankings, while simultaneously bringing a few of them back into paid positions. Our very own proxy4nation and proxy2nation also made adjustments to amplify the movements.

These changes have a significant impact on the ongoing EOS Nation and AtticLab Worker Proposal System (WPS) collaboration proposal seeing as one of the advanced design features entails that each block producer above the pay threshold, at time of cycle end, would have the same vote weight as every other eligible block producer on each published WPS submission. Most of the block producers affected are easily accessible using widely available social media platforms, thus strengthening the value proposition of the design.

The Binance votes also reduced the gap in pay that existed between paid block producers, effectively flattening out the reward distributions across the board. The “old guard” has once again a chance to showcase the value they are capable of producing as a pendulum swing of this magnitude in this direction has not been seen for a long time. We encourage our readers to reach out to these block producers to find out how they intend on utilizing their newly obtained rewards. This is also your chance to remind the block producers of the ephemerality of such opportunity as it seldom knocks twice.

EOSIO Fights Back Against COVID-19

The world is facing a unprecedented and difficult situation right now, and we hope that you and your family are staying safe. Now, more than ever, humans need to support each other and their communities. As we work together to defeat our common enemy, there are no doubts that we will be able to get through this. Resources from all over the planet, including from many blockchain communities, are being mobilized for this effort and human ingenuity is starting to shine. 

A CoinTelegraph article highlighted some high level collaborations between the World Health Organisation and large technology companies like IBM, Oracle, Microsoft and others. The advantages of blockchain technology were a perfect fit for their needs. 

“We started off brainstorming ideas on how to collect, provide and use verified information about the virus. It’s not that we were trying to force blockchain into this solution, but we thought we need to replicate data, we need to have trusted sources, we need to make sure it can’t be tampered with.” – IBM Blockchain CTO Gari Singh

Led by LiquidApps, the EOSIO community has also rallied together in an effort to contribute computational power to help scientists fight against COVID-19. The project has been named CoVax and consists of 3 steps:

  1. Assembling the CoVax community.
  2. Onboarding DSPs as validators on the dedicated CoVax LiquidChain and launching the CoVax app. EOS Nation is proud to be one of these validators.
  3. Connecting researchers to CoVax to expedite the search for a vaccine.

If you’re interested in joining the effort, please join the Telegram channel to stay up-to-date with all the latest CoVax progress.

EOS RIO, DAPP Solutions, EOS USA, Phoenix, Airdrops DAC and EOS Nation are all producing blocks on the CoVax LiquidChain, which can be looked up on the CoVax Block Explorer.

Although not a blockchain network, the Folding@Home platform is a very popular platform that’s also contributing competing resources in the fight against COVID-19. BOID and Telos have joined forces to create a Folding@Home team for those that want to start folding right away! Taking it a step further, EOS USA has connected BOS to Telos via IBC to enable BOS users to also easily contribute resources. 

Speaking of Telos, Genobank.io also partnered with the Telos Foundation in an effort to develop an app, called Agerona, that will allow users to securely source low-cost COVID-19 testing. The initiative has already attracted international contributors from the United States, Iran, Israel, South Africa and the UK. 

Finally, Europechain has adapted one of their apps, FACT, to become a COVID-19 monitoring tool for enterprise

FACT already offers customizable spreadsheets and checklists for remote workforce management. However, the new global crisis has prompted the creation of a new line of features specific to COVID-19 tracking; like symptom checker, contact tracing using GPS locations, real-time analytic dashboard, and data to pdf options to allow anyone from an employer, manager, doctor or nurse to instantly update, view or download any information the user wishes to be shared. The data is secured on Europechain, a GDPR compliant blockchain and protects the users’ identity by allowing only specific appointed persons access to the siloed data. – Adam Bouktila

The Wax Guild Maltablock introduced a new method to create a WAX Account via Telegram and provided enough funds to give out 1000 accounts free of charge. The @waxmeetupbot lives in telegram and is based on the signupwaxwax smart contract, which the team presented in January. In the next phase, this bot will have interactive abilities such as answering frequently asked questions.

Go grab your free WAX account by joining the  @wax_blockchain_meetup telegram channel. 

For those using the WAX Cloud Wallet, the WAX team has created a new and easy way to stake, vote and earn some of those sweet WAX rewards.

The WAX Labs Worker Proposal System is not even a month old and it seems that WAX is already getting a lot of applications. In order to streamline the process, the WAX Labs guidelines have been updated. So if you’re thinking about submitting a proposal, make sure to give it a read. 

The Equilibrium team made some changes to their proxy, which manages the voting of the EOS stored as collateral in the EOSDT smart contract. Staking users will receive a stable 2.3% APR, and BPs will pay back 85% of the rewards they generated due to votes from the Equilibrium Proxy from now on. Previously the voted BPs had to pay a fixed fee, whereas the new model will dynamically reflect the size and influence of the proxy. Rewards will be paid daily.

Another change was made in regard to the Framework fees. While previously those fees were accounted and paid in NUT, the utility and governance token of Equilibrium, the new model will be handling fees in EOSDT stablecoins. We think that these changes are a good decision as it allows easier accounting and further simplifies the use of the Equilibrium Framework and its DeFi products.

Equilibrium also continues to represent EOSIO-based DeFi, most recently in London at the CryptoCompare Digital Asset Summit in early March. Find a summary of the event on their blog.

The Tokenpocket Wallet has been constantly adding new features in the last two years, overcame obstacles with innovative solutions and kept growing their user base. There’s hardly anything you can’t do from within the wallet that started with EOS and now supports a whole selection of different blockchain protocols and their respective dApps.

We congratulate Tokenpocket on their 2nd anniversary and encourage our readers and listeners to check out all the events they’re holding to celebrate their success with the community.

If you haven’t checked out their wallet yet, now is the perfect time.

Besides their CoVax initiative, which we featured earlier, the LiquidApps team also pushed out a lot of content to keep the developer community busy.

As part of the ongoing DAPP Network Grants Program the team announced the DAPP Drive Bounty with a prize of 250,000 DAPP tokens and the goal to build a distributed storage system based on LiquidStorage. Additional requirements are a range of redundancies and encryption levels for the users to chose from.

Wouldn’t it be great to have a decentralized version of Dropbox or Baidu Cloud? We really hope this bounty gets claimed ASAP!

If you’re interested in this or other bounties currently open, go visit LiquidApps’ dedicated bounty platform.

The very first product released by LiquidApps was vRam, and after a year of further developments the team released an article explaining the evolution of EOSIO storage solutions. They envision the role of vRam as a paging mechanism in a tiered system of different storage solutions like RAM, IPFS and the upcoming Block.one product DISK, which CTO Tal Muskal elaborates on further in one of the Tal Talks bits.

All the different storage options have their own specific features, and vRAM interconnects them, allowing developers to combine different storage solutions for different aspects of their products.

Yet another data service that the LiquidApps team has been pushing forward a lot lately is LiquidOrcales, a decentralized service to validate off-chain events to feed to smart contracts for on-chain processing. The LiquidOracles service can be customized by the developer, for example they can choose the sources of information and specify the consensus requirements. Interested developers can learn all about it, along with the setup of the ZeusSDK and LiquidHarmony, in a newly published walkthrough.

Oracle services based on EOSIO can update the information to the smart contracts with a higher frequency than on other blockchains, while still being more cost efficient.

Definitely worth checking out.

The vision of LiquidApps has many facets and an enormous range of complementary services all aiming to provide scalability and interoperability. In the most recent Tal Talks video, the CTO of LiquidApps shared how the DAPP Network and the DAPP token emerged out of the need for aligned incentive structures to make IBC or cross-chain communication possible.

Published in the Emanate Community Channel, Indieblock Records gave a great recap of their Feat. Venezuela 2020 Song Contest, and most importantly announced the winners. The contest displayed once again how different entities in our ecosystem, namely Indieblock, EOS Venezuela, Family Telos and Emanate, cooperated to produce great results. The winning contributions are already available on Emanate, and if you don’t have an account there yet, sign up now to enjoy a free trial before it ends!

The winners are:

Congratulation to all the winners, participants, and organizers of this great event!

Indieblock Records solidified connections to artists, recording studios and distributors in Latin America through this initiative, while 50% of the streaming revenue of the winning songs will go directly to Family Telos, a universal basic income experiment for families in Venezuela.

Motivated by the great response, Indieblock Records might continue the “Feat.” concept and asked the community who they could feature next. 

It could be a country, a region, an organization or even an individual in need.

Do you have an idea? Reach out to them at: info@indieblockrecords.com

We’re happy to report that the longest lasting EOS podcast, Everything EOS, is back with regular shows, and from now on EOS Nation’s CEO, Yves La Rose, will be joining Zack Gall to chat with the community live on YouTube. 

Besides the live show, Zack will also continue to do in-depth interviews with representatives of high-quality EOSIO projects. In the latest episode he welcomed Alexamdre Bourget, CTO of EOS Canada, who is also the mastermind behind dfuse. Dfuse recently announced it will be open sourced in the form of the dfusebox, giving developers of multiple blockchain protocols opportunities to query blockchain data in a highly performant and reliable fashion.

While Block.one has focused on building a blockchain protocol with an incredibly high “write” throughput, the dfuse team has been focused on perfecting the tools that allows us to “read” blockchain data at an equally impressive rate.

Block.one already shared plans to integrate dfuse into their products and the opportunities here are more than exciting. We encourage all our readers and listeners to learn more about this essential tool by watching the full interview. Alex has a knack for making technical subjects fun and interesting. 

As introduced last week in EOS Hot Sauce #49, xNation is one of our newest releases and we’re happy to report that liquidity pools for ATMOS, BOID, MPT, SEED and VIG were already created by members of the community.

Creating a pool for your favorite token is as easy as it gets, our friend DataJunky of GenerEOS confirmed. But if you need some help you can check out the introduction and step by step guide by the Bancor team.

To learn more about xNation and the beauty of liquidity pools, tune in to the latest episode of Up For Discussions with EOS Nation’s COO, Daniel Keyes, and CTO, Denis Carrière, for nice conversation on the topic.

We’re very pleased to see the community using our tools and are proud to be able to deliver these DeFi building blocks to the EOS ecosystem.

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!

Ocean Defenders NFT Launch

In the spirit of the emerging SOLARPUNK movement, The Ocean Defenders are determined to build a platform for a synergistic lifestyle. Here we come together to use our individual powers to preserve the cradle of life, our oceans.

Everyone can become an Ocean Defender, each in their own individual way. We welcome you.

Read More »

Heidi Taillefert presents: Vintage Valentines

The Vintage Valentine series was conceived to mimic turn of the century valentine’s day cards, reflecting an era when society pretended to hide the more salacious habits of so many people during that time. On top of the physical pieces, this collection also features digital copies, published as Vintage Valentine Card NFTs on the carbon-neutral WAX blockchain.

Read More »

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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.