EOS Hot Sauce #88 – EOS PowerUp Model Update | dotGems EOSIO NFT Publishing House | VanCity Outbreak EP2
EOS Hot Sauce ingredients: EOS PowerUp Model Update, dotGems EOSIO NFT Publishing, VanCity Outbreak Episode 2
EOS Hot Sauce is a weekly digest of all the hottest topics from around the EOSIO ecosystem. This week we’re focusing on three blockbuster developments exclusively for the the EOS Mainnet.
It’s been a huge week for EOS and this edition of the EOS Hot Sauce will focus entirely on the flurry of positive news for the EOS Mainnet and what it means for the future of the network.
The biggest news of the week came from Block.one when they announced that Google Cloud has the intention of registering as a block producer on the EOS Mainnet. The news was confirmed by Google and very well received by both EOS token holders and block producers.
It’s a clear signal that Google Cloud sees the tremendous potential in EOSIO technology and the value of being an operator on its largest and most valuable network, the EOS Mainnet.
“Google Cloud’s planned participation underscores the importance of blockchain to the future of business, government, and society.” -Block.one
Learn more about Google Cloud’s candidacy as an EOS Mainnet block producer on Google’s new EOS Block Producer web page. Google has been a long time supporter of various open-source projects and in their short EOS Block Producer FAQ they mention that one of the reasons they want to join the ecosystem is to better understand and enable developers that want to build on EOSIO via the Google Cloud Platform, which offers Google-grade security, scale, global network, approach to open-source and developer expertise.
On their #BUIDL with Google Cloud page, they confirm that the EOS Mainnet dataset is coming soon to BigQuery, which allows users to access blockchain data via SQL and find meaningful insights rapidly. Google has acknowledged that their desire to produce blocks on the EOS Mainnet is linked to their desire to better serve developers who wish to build on EOSIO.
In terms of how engaged Block.one expects Google Cloud to be in the EOS ecosystem, Kevin Rose, VP of Public Blockchain Engagement had this to say on the topic:
“It’s really up to Google Cloud and what their plans are for engaging with the EOS Network community. And because voting on EOS is open-ended and continuous, to ensure that the top 21 are always a real-time reflection of the aggregate will of the EOS token-holders, we will be constantly evaluating Google Cloud against our criteria, just as we do with all Block Producer candidates.”
“As the pool of potential network operators continues to diversify, token holders will be further empowered to select candidates they feel best support the performance and evolution of EOS. Excited for Allen Day and Google Cloud to be engaging in the EOS ecosystem as a BP Candidate” – Brendan Blumer, CEO of Block.one
“Google Cloud will continue to provide its highly provisioned, low-latency infrastructure to Block.one through secure oracles, inter-chain transaction reporting, key management, and high-integrity full-node validation, Google Cloud’s confidential computing infrastructure will enhance the security, scalability, and decentralization of blockchain technology.” Dan Larimer, CTO at Block.one
It was especially great to see how proud Dan Larimer was to announce the news to Naomi Brockwell on her recent YouTube show. Dan’s body language (slightly raised eyebrow, head nod and briefly raised hands at 0:56 ) conveyed pride and confidence as he shared the news about Google Cloud’s interest in joining the EOS community.
This also brings us to another point that has been hinted at across all of these press releases: Block.one is working closely with Google Cloud on various EOSIO and public blockchain initiatives. In the Naomi Brockwell interview, Dan was very clear when explaining that Google Cloud’s interest in EOSIO flowed from work they’ve been doing with Block.one.
“We’re seeing active enterprise participation in these sorts of networks and believe Google Cloud can reduce the friction for companies to run their own Google Cloud-hosted nodes on the network. We’re also providing cloud infrastructure to Block.one as well, helping them host their own development efforts.” – Allen Day, developer advocate at Google Cloud (source)
What kind of products have they been working on? Could it be the next-generation financial services product that Brendan Blumer has hinted at recently?
Also announced on the same day was the fact that Marty Chavez, former CTO and CFO of Goldman Sachs, has joined Block.one’s advisory board as chairman. He’ll be expected to “challenge leadership, provide counsel on business strategy, expand networks and help develop a governance framework.” Also involved in the Digital Dollar Project, Marty Chavez is already well versed in blockchain technology and known on Wall Street as one of the top technologists in the banking industry.
Marty Chavez believes that blockchain technology can be leveraged to improve many existing Wall Street products, some of which are quite complex.
“Equity swaps have complex life cycles. There are complex questions like what happens to an equity swap in the event of some corporate action. What started as a bilateral swap could have many entities participating. So there’s this natural notion of wouldn’t it be great to have this exist on a blockchain so we are all looking at the same data. With a CDS, the notion that there is a warehouse with the definition record of what this is and who are the counterparts, what are the terms[,] has been around [for] a long time. Thus, a decentralized warehouse makes a lot of sense.” – Marty Chavez (source)
The announcements of the Google Cloud block producer candidacy and the addition of Marty Chavez to the board of directors highlights the fact that some of the best people in both technology (Google) and finance (Goldman Sachs) see the potential of EOS and want to align themselves with the technology.
The future is extremely bright for EOS and we’re very excited to see how all of this will play out and evolve over the coming weeks, months and years!
The much-awaited release of eosfinex has finally arrived to the EOS Mainnet!
Live as of this week, eosfinex unlocks Bitfinex’s world-class liquidity to everyone on the EOS Mainnet! Connected directly to your EOS account, eosfinex allows users to trade with the centralized liquidity of Bitfinex in a non-custodial way! This makes eosfinex “the fastest, most reliable and most liquid non-custodial way to trade on EOS” and to our knowledge, the first time that any large crypto exchanges offers access to its entire order book in a non-custodial way.
This HyEx (hybrid exchange) enables off-chain order matching while retaining custody and settlement on-chain. That means limit orders and other advanced order types will be available on eosfinex, something that is not typically possible on current decentralized exchanges. The fee structure is as competitive as any with 0% maker fees and 0.2% taker fees. For users with low volumes, there is no KYC needed. You can easily just sign onto eosfinex with your EOS account and try it out! Unfortunately, residents of the United States of America are restricted from using the platform.
In terms of tradable assets, eosfinex is currently offering EOS, IQ, DAPP, USDT and some wrapped pTokens such as pBTC, and pLTC. Other assets such as EOSDT, NUT and pETH are expected to be added in the coming days and weeks.
Not only will eosfinex improve the quality of life for all traders on the EOS Mainnet, it’s also a shining example of the power of EOSIO and the types of solutions that can be built on top of it.
While comparing eosfinex to a popular decentralized exchange on Ethereum called IDEX, Chris Coney shared a tweet that highlighted the fact that for only $40,000 USD worth of staked resources, eosfinex was able to provide all the network resources needed for its EOS users to engage and trade on the platform. On the other hand, IDEX users have spent about $665,000 USD in fees in the last 30 days! Plus EOS staked for resources can be fully reclaimed once they are no longer needed, while the high fees paid by the IDEX users are gone forever.
Brendan Blumer retweeted Chris and we fully agree with his statement that “the future is high performance compliant DeFi on EOS.”
The community has been clamoring for exchanges to list more EOS-native tokens and Bitfinex is coming through for the community in a big way by listing popular coins such as IQ and DAPP and IQ. Bitfinex continues to be a pillar of the EOS community and we would like to thank them for everything they do and congratulate them on the successful launch of their next-generation, non-custodial hybrid exchange! Let’s go EOS!
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!
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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!
EOS Hot Sauce ingredients: EOS PowerUp Model Update, dotGems EOSIO NFT Publishing, VanCity Outbreak Episode 2
EOS Hot Sauce ingredients: Regulations and Implications for EOS, VanCity Outbreak Episode 2: NFT Series & Battle, Effect Pieces, Upland and Blockchain Heroes, EOSX Goes Mobile, Emanate & Outlier Ventures
EOS Hot Sauce ingredients: EOS PowerUp Model & EOSIO 2.0, Vaults & flash loans now available on EOS, Chintai wants real estate on EOS, NFT Release Calendar, HodlGod, Cryptowriter Podcat
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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.