EOS Nation, the top 21 Block Producer (BP) responsible for the EOS WPS in collaboration with AtticLab, have just announced that the first step to getting it approved has been achieved. In the first of the four multi-signature (MSIG) actions required for this to fully pass, 34 BPs have voted in favor of the WPS, 19 of which are top 21 BPs. This is a historic step to fulfilling the wishes of many EOS users and token holders. The EOS Worker Proposal System will provide a platform for different projects to get funded to deliver valuable contributions towards the EOS ecosystem.
This first MSIG was for the creation of the ‘eosio.wps’ account which will be the sole account used for transferring funds to the approved projects. The top 21 BPs elected by token holders will have the responsibility of allocating the funds to the most worthy projects/proposals.
The second step is now to try and get BPs to approve the 2/4 MSIG, which will see the transferral of 50,000 EOS tokens from the ‘eosio.names’ account to the ‘eosio.wps’ account. The ‘eosio.names’ account holds some of the 3.5 million EOS accumulated from the sale of EOS custom accounts.
Then that’d be followed by the 3/4 step to deploy the WPS smart contract into the ‘eosio.wps’ account. Rules encoded into this smart contract govern the entire EOS Worker Proposal System and enables any EOS account to directly submit its own worker proposal.
Finally the last step will be the eventual launch of the EOS Worker Proposal System on the mainnet.
To gain a better insight into what this Worker Proposal System entails, have a read at this post – EOS Worker Proposal System.
AtticLab are a top 21 EOS Block Producer and a software development company. They’ve developed the trading platform Codex, My EOS Wallet, and Everstake, a Social Staking Platform that operates on a number of blockchains, helping institutional investors and regular token holders to profit off their crypto assets. You can catch them on Twitter – @atticlab_it
EOS Nation is a Top 21 Block Producer on a mission to secure EOSIO blockchains with reliable infrastructure and to build a global community empowered with the tools and resources to thrive. It is one of the more active Block Producers, both on social media and in contributions to the network. You can follow them on Twitter – @EOS_Nation.
Disclaimer. EOSWriter does not endorse any content or product on this page. While we aim at providing you with all the important information we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.