Stakeholder: Gee, EOSIO. What are we going to do this year?
EOSIO: The same thing we do every year. Try to take over the world.Pinky and the Brain (inspired)
It’s been a great start to the year thus far for many blockchains within the EOSIO ecosystem. They all seem to be competing for the right to be regarded as the best EOSIO based blockchain. That’s not necessarily the case as this seemingly fierce competition could just be as a result of EOSIO’s far superior qualities (I’ll explain). Which is likely what makes this ‘competition’ between EOSIO chains so much fun for spectators and speculators alike. Especially since being the best EOSIO chain would likely also mean being the best blockchain in the world. Let’s face it, EOSIO is the best public blockchain protocol in the world and entities outside the blockchain space seem to agree.
We could argue all year about other blockchains outside this ecosystem but fact remains they just can’t compete. Sure they might point to one or two issues facing EOSIO chains yet they ignore the tens more reasons why these chains are better. And besides EOSIO’s issues are minor compared to the likes of Ethereum. Nothing’s worse than a technology that cannot scale, more so in an age where societies undertakings are continually migrating to the digital world. As Ethereum and other chains try to sort out their scaling issues, EOSIO chains are bulldozing forward. Further stretching their technological prowess.
So it comes as no surprise when I see such fierce competition within our ecosystem, which I think is healthy for the long term success of EOSIO. This is due to the fact that there are no other worthy opponents to compete with in technical terms. Since we can no longer technically compete with other blockchains, the next best thing is for EOSIO blockchains to compete amongst one another. The stakes are very high for this bunch and not everyone is necessarily out to play fair. There’s thrashing, FUD-ing, and even outright lies being thrown around. It’s not fiction. This is the reality of things. Catch one or two of EOS Popcorn’s previous episodes and you’ll be surprised at how this battle is playing out.
There should be nothing wrong with competition as long as it is carried out in good spirits. However, playing dirty ends up harming not only the targeted chain but the entire ecosystem. One EOSIO chain’s success is the success of the entire ecosystem because its the word EOSIO that gets publicized. It’s understandable for supporters of the chains to criticize the others’ base, but when leaders do that it shows a lack of good sense and logic. As a fan of EOSIO tech I try to buy as many tickets (tokens) from all the sides involved, it makes for a much better viewing experience. Each chain has qualities that others lack and specialties that others wish they had. Hopefully this shows in this article.
Focusing on more positive aspects of this rivalry; there’s plenty to write about since the start of the year. Whether it’s gaming, social media, partnerships, or core tech upgrades etc. there’s been a lot of progress made by EOSIO blockchains on all fronts. What better way to highlight these feats than by looking at some of these accomplishments for 2020?
The grand-daddy of EOSIO blockchains – EOS. You can bet your bottom dollar that EOS is out here to compete. It has had an amazing year so far, and looking at stuff that’s yet to come I can’t help but imagine 2020 will be its best year yet. During the first week of the new year EOS BP’s approved a REX upgrade proposal that would help more users to gain access to additional resources. A week later Block.one released EOSIO 2.0, a major software upgrade to improve, not only EOS’ performance, but also the performance of other EOSIO blockchains.
Earlier this month Block Producer candidate GenerEOS released the first EOS voter rewards exchange. Basically, it is a platform that allows ANYONE to create their own proxy, and for voters to better manage their votes and earn rewards. More recently we saw the launch of the much awaited Voice social media platform in the United States. Voice aims to change the landscape of social media by giving users tools that were not made available to the general public. If successful Voice will be the first mass application in all of blockchain, helping bring hundreds of thousands of new users to the EOS(IO) ecosystem.
Telos is a networked ecosystem enabling visionary leaders and communities to work together to build a new global economy. Even though it does only about a tenth of EOS’ daily transactions, Telos still does more daily transactions than Tron, Ethereum, and Bitcoin combined. Since its bold decision to rebrand – to better align its brand with its vision for the future – Telos has seen its community grow by over 20% in just two months. As a blockchain that prides itself as being community focused Telos released new features that would form part of their community hub. These included an explore feature to track all existing/upcoming applications and services, a Telos portal that includes Profiles, Chats, Groups et cetera, and an easy way to create a free Telos account using only your cell number.
Last month the Blockchain Research Institute (BRI), co-founded by Don Tapscott, announced the addition of ‘The Telos Foundation’ into the Blockchain Research Institute alongside the likes of ‘The Coca-Cola Company’. Also the BRI stated that as a member The Telos Foundation will receive proprietary access to over 100 research projects, as well as member-exclusive materials, co-branding opportunities, events, webinars, and executive briefings. You can imagine the ensuing outcomes of having an EOSIO blockchain be a member of an institute that includes members such as Tencent, PepsiCo, Nasdaq, Microsoft, IBM, Fujitsu, FedEx, Deloitte, Cisco, the list goes on.
WAX stands for Worldwide Asset eXchange. It’s a platform that facilitates for the creation, purchasing, sale, and trading of virtual items. It runs on its own blockchain and has become one of the toughest competitors in this ecosystem. It’s economy of virtual items is made possible by the use of Non-Fungible Tokens (NFTs). WAX kicked off their year with an announcement of the WAX Testnet, a place for developers to test their dApps for free in an environment that mirrors the actual WAX blockchain. Soon after that they announced a collaboration with LiquidApps to offer developers the world class tools that LiquidApps is renowned for.
A few days later they were pulling another strategic partnership, this time with AIKON, a company that creates identity solutions to help businesses connect to multiple blockchains. AIKON’s expertise and their ORE Protocol will help make it easy for WAX to on-board small dApps and enterprise-level applications. However its their most recent announcement that caused a stir in the EOSIO ecosystem, a stir that rippled into other ecosystems. The announcement hinted at a partnership that could very well be the biggest partnership in blockchain gaming’s history. The post stated that “an iconic global company is partnering with WAX” followed by a hint that displays a silhouette of Mickey Mouse. Could Disney be the partner?!
Ultra is a PC Game distribution platform that utilizes blockchain to distinguish its superior value proposition and propel it further from big competitors such as Steam. Although Ultra hasn’t launched its platform yet, it has made some impressive moves. Impressive enough to garner prolific attention in the blockchain industry and beyond. I like how they’re laying solid groundwork to take over the gaming world like a thief in the night. Late last month they released a bullish road-map for 2020 which will see Ultra go from a limited partner beta – to a Testnet, then Mainnet launch – before its NFT Marketplace goes live somewhere around Q4 2020.
They’ve already added solid partnerships in well-known companies in the gaming world to help launch the Ultra platform. Just a couple days back they acquired the services of Rami James – a highly prized asset when it comes to the development of blockchain applications and software. Rami had some ultra-special things to say about his move to Ultra, in a blog post that reveals quite a lot about where Ultra is headed.
Other EOSIO chains
There’s many more EOSIO chains that piling them into a single article would make it a very long one. According to my math there’s at least 10 EOSIO chains (that I know of) and some are more active than others. I hope in the months to come each one of these can become competitive to a point where I can write regular articles dedicated to each.
Of course I would be lynx-ed if I didn’t mention Lynxchain which went live in the beginning of this year. It is a blockchain designed for mass market applications and leverages EOS’ qualities of speed and scalability. Then there’s the BOS chain, which stands for Business Operating System. Its aim is to build an EOSIO ecosystem that supports more dApps and solves real-world problems using blockchain technology. That right there shows that our BOS understands the value of a widely successful EOSIO ecosystem.
Meet.one – a blockchain committed to making a joint effort with Block Producers and developers to promote the development of a trustworthy internet. The chain is designed to facilitate the liquidity of everyone’s values, and to lower the threshold and cost of access to the EOSIO layer. Meet.one is yet another player that understands the value of a strong EOSIO. Fittingly they’re also a top 21 (12th) Block Producer on EOS.
Is your organization or business on wobbly ground when it comes to financial regulation? Let Worbli, EOSIO’s first Financial Services Network, bring stability to your operations. It is a sisterchain to EOS and the first chain to have mandatory Know Your Customer (KYC) and Anti Money Laundering (AML) verification on each newly created account. Their goal is to build a Financial District with the benefits of instant transactions and the transparency that comes with EOSIO tech. Organizations can now enjoy full compliance deep from the token layer and a fully compliant platform for them to launch their security tokens.
A big shoutout to all EOSIO testnets! They are the playground for developers to test out new dApps and new features before rolling them out into the ecosystem. There’s a whole lot more out there that I can’t possible get to in a single week, let alone a single article. The EOSIO ecosystem is technically on a league of its own and entities outside this ecosystem are starting to take notice. Blockchain is a technology, and EOSIO has the best blockchain technologies in the world. Everything else is mindless chatter that misses the entire point of this technology. With solid foundations such as these the launchpad is set for EOSIO chains to take off in 2020.
Thank you for reading.
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