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EOS Network Foundation Statement: The Token of the Block.one account has not been confiscated, but EOS will no longer be issued to this account

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No Token has been taken from the Block.one account, the account has not been changed, and the key has not been modified. The EOS network no longer pays Block.one from the eosio.stake account.

Original title: "ENF Statement on EOS Network Actions Taken on December 8th"

Original source: EOS Network Foundation

Original compilation: Hu Tao, ChainCatcher

On December 8th, it was reported that EOS node multi-sig voted to freeze the EOS balance of the Block.one account, which made EOS return to It has entered the mainstream view of the encryption industry and caused many discussions, but the specific reasons and processes are not clear.

Today, the EOS Network Foundation (hereinafter referred to as ENF) released a blog to elaborate on the process of the incident, and stated that it was not actually freezing or taking the Block. One account's EOS Token, but no longer continue to issue EOS to this account.

ENF stated that in the past 1 year, the code generation speed and quality of Block.one output for EOSIO has decreased significantly. The decline was evident after many senior developers who were creators of the original code began to leave, including founder and former CTO Daniel Larimer and other original core contributors. The few senior developers remaining at Block.one were reassigned to work at Bullish.

In the past 3 years, the EOS community has often discussed whether Block.one has fulfilled the promise they made during the Token sale, because B1 is distributed daily from the vested Token Get about 27,400 EOS, roughly equal to the sum of all about 60 node revenues combined. Whatever the opinion, these unfulfilled promises include: not implementing any kind of inter-blockchain communication (IBC) solution, never achieving the promise of "1 million transactions per second", launching more than 1000 dApps, going Centralized social media platforms (ie voice), etc.

"Block.one's failure to provide ongoing core code development is a disappointment not only to EOS, but to all other EOSIO iterations and applications built on or around these ecosystems Disappointing program and business. ” ENF said.

These doubts came to a head in early November when Block.one issued a press release announcing that they had sold 45 million EOS to Brock Pierce for Launch of Helios VC.

“In itself, this is not a concern.” ENF said, “The problem is that out of the 45 million tokens sold, Only 8 million tokens have been re-vested, and 37 million tokens will be distributed over the next approximately 7 years. This means that Block.one is trying to sell assets it does not own without consulting the legal owner.”

Since then, ENF has had many discussions with Brendan Blumer and Brock Pierce, hoping that Block.one can respond to the EOSIO IP (the IP was previously transferred by Block.one to Bulllish) whereabouts and return time, but B1 did not give a clear response.

On November 30th, the node deployed an on-chain proposal including multi-signature (MSIG), which included stopping code execution that granted Tokens to Block.one.

On December 7, more than 20 top-ranked BP public proposals expressed their positions on the chain, providing due process for EOS holders . This gives token holders the opportunity to follow ongoing negotiations and cast their votes. Since Block.one still failed to respond within the deadline, MSIG executed at 12:55 on December 8, Beijing time.

ENF stated that stopping granting Token to Block.one is an action determined by the network to express the seriousness of the situation and the firmness of BP, highlighting the block The power of the chain, enabling the community to stand up against corporate interests that do not align with its direction. This represents the spirit and spirit of the blockchain and is also the purpose of the blockchain.

"No confiscation, no Token was taken from the Block.one account, the account was not changed, the key was not modified. The EOS network is no longer taken from the eosio.stake account Pay Block.one, that's all," said ENF.

Finally, ENF welcomes new investors, developers, businesses and individuals, and the institution will continue to lead the EOS network as a representative of the world's largest DAO.