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.

EdenOS Proposed Roadmap

Dan Larimer has proposed an ambitious roadmap for the experimental and potentially revolutionary EdenOS. 

For those who need a quick refresher on EdenOS, here’s how Dan Larimer describes the project:

“The goal of EdenOS is to give the EOS community the most decentralized, transparent, democratic, governance process of any blockchain. In particular, it is more important than ever for the community to have a means of reaching consensus on who to trust to utilize community funds for the benefit of everyone.”

The first iteration will elect its members through a manual political playoff process conducted over Zoom video conference calls. The goal is to prove the EdenOS governance process works in a transparent and verifiable manner before being fully implemented on-chain. The roadmap also revealed that Brock Pierce is involved and will leverage the non-profit organisation known as the EOS Alliance to act as a bridge between the real world and the Eden community. They’ll also be awarded part of the budget to eventually move the governance process on-chain.

As for a budget for this first EdenOS election, the project will request the 1.9 million EOS that is currently located in the “eosio.ramfee” account. These funds would only be released AFTER the election and will need to be approved by block producers at that time. 

Assuming 1000 members and all groups successfully appointing representatives then the outcome would be:

  • 1 Level 3 representative with a budget of 500,000 EOS
  • 10 Level 2 representative with a budget of 50,000 EOS each
  • 100 Level 1 representatives with a budget of 5,000 EOS each

     

Note that you can be a representative at all 3 levels and would receive the sum of the budgets for each level.

Here are some of the highlights of the proposed draft roadmap:

Beginning in Q2 this year, there will be a request to block producers for 1.9 million EOS currently located in the eosio.ramfee account. The goal is to have 1000+ community members onboarded into EdenOS by that time.

July 4th could be the possible date for first EdenOS elections – EOS Independence Day 

Funds would then be distributed and representatives can start utilizing them to achieve the goals dictated by the community consensus.

Development on smart contracts and interfaces to automate the process could begin in Q4 2021.

Followed by development and testing of the EdenOS contract and interface in Q1 2022.

If all goes according to plan, EdenOS contracts could be deployed in Q2 in preparation for the 2022 election.

Chinese, Korean and Spanish communities may start to form at that time utilizing the new software on-chain governance tools.

We could be having our 2nd EdenOS election by Q3 2022, at which point Block producers would vote on whether to fund EdenOS with 0.25% inflation.

EOS PowerUp Model: Automated Solutions

The EOS PowerUp model is a recent upgrade to the EOS network that comes with an improved user experience for all applications and users. EOSPowerUp.io & CHARM are two community-built services that leverage the PowerUp model and allow users and applications to easily automate their resource management needs.

Before now, users would have to stake EOS tokens to be able to use the network for free. With this new and improved system, users no longer have to stake EOS, allowing them to “power up” their account only when they need to use it.

EOSPowerUp.io is a new service currently in open-beta that’s built by Boid’s John Heeter, powered by Boid Validators, and leverages a Blockbase database on the backend. EOSPowerUp.io offers users the option to claim a free PowerUp every 12 hours, or deposit some EOS to prepay for automatic PowerUps whenever the account needs it. A 1% fee is charged for each automatic PowerUp but service will soon be free for active Boid users.

CHARM, built by Chintai and operational since mid 2019, is another solid option for users looking to automate their resource management needs on EOS. CHARM provides frictionless resource management, and therefore convenience, for application developers so they can focus on building their products. Users who pay for CHARM using Chintai’s CHEX token get to use the service for free.

Learn all about CHARM’s PowerUp offerings in their latest blog post or go directly to the Chintai Portal to get started right away. Thank you to Chintai for activating CHARM on behalf of Coinbase and Kraken this week, allowing users to withdraw their EOS from these exchanges when their hot wallets ran out of CPU.

Both EOSPowerUp.io and CHARM provide the ability to maintain 100% uptime on your EOS account. You’ll never run out of resources as these systems check your CPU, NET and RAM for you and automatically replenish them when necessary. We’ve been using these services and they work great! Try it out and level up your user experience on EOS!

MetaMask Coming to EOS

MetaMask is coming to EOS! Thanks to the EOS Argentina team,  MetaMask, which they described as the simplest way to connect to blockchain-based applications, will now be able to facilitate EOS transactions, paving a way for millions of users who trust MetaMask to access the EOS blockchain.

Some of the features we should look for in this EOS integration with MetaMask include:

  • Enhanced exploration of EOS apps via MetaMask.
  • Usage of the MetaMask UI in the transfer of EOS tokens.
  • Simple service fees.
  • Block explorer integration.
  • Connection to any dApp on EOS.

Read more about MetaMask on EOS.

EOS Marketplace Growth

All of these EOS user experience updates are coming just in time for the recent surge in real world adoption we’ve been seeing in places like Venezuela, where EOS has provided an efficient means of exchange free from hyperinflation.

EOS Marketplace is a service that  allows shoppers to view all the businesses in the world that accept payments in EOS.

It’s a digital market where vendors and service providers can host information about their products on their peculiar pages, like shops. These e-shops contain the business name, category of services offered, business address, contact details, an overview and description of products and services. 

The marketplace hosts several business categories like fast foods, car parts, pharmacies, and restaurants, smartphones, amongst others. 

Venezuelan businesses lead in the numbers, by a long shot, with over 600 businesses in Venezuela accepting payments in EOS.

EOS Video Guides by CoolWave Capital

This week we saw the launch of CoolWave Capital’s EOS Beginner Series on YouTube, a set of walkthrough video tutorials for beginners to get started on EOS. These videos are a great starter pack to all new EOS users. 

So far, there have been five tutorials uploaded on the series:

Check them out and recommend them to the newbies in your circle.

WAX Altcoin Bridge for USDT

The WAX-Altcoin Bridge went live on the 26th of March, 2021. 

This bridge allows users to transfer their USDT from Ethereum to the WAX Blockchain to facilitate payments. WAX-USDT payments will subsequently be enabled across select WAXP-powered marketplaces. 

The WAX-altcoin bridge update comes with the possibility of the addition of more tokens to the WAX blockchain. Users can expect more ERC-20 tokens to appear on WAX in the future, further expanding the range of its functionality.

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!

Art Cologne Drop

The .gems team is proud to announce yet another cooperation that brings more fine art NFTs to the WAX ecosystem. In partnership with Provinz Editionen, leading publishers of contemporary fine art editions and multiples, we’ve launched provinz.digital.

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.