EOS Plummets After Block.one CTO Dan Larimer Resigns

2021-1-11 20:09

Dan Larimer announced his resignation as chief technology officer (CTO) of the crypto company, Block.one. The company is responsible for building an alleged “Ethereum killer” and earned over $4 billion during an ICO promising the same. 

Larimer: “All Good Things Must Come to an End”

In a brief blog post, the Block.one CTO thanked his colleagues and announced that he would be leaving the company to turn to build more censorship-resistant technologies. He said: 

“I have come to believe that you cannot provide ‘liberty as a service’ and therefore I will focus my attention on creating tools that people can use to secure their own freedom.”

Larimer has been with the company since 2017. At that time, the company raised a whopping $4 billion for an initial coin offering (ICO) to launch the EOS network. It was heralded as an improved version of Ethereum, with faster throughput and lower fees amidst a clogged ETH ecosystem. 

Despite its ambitions, these promises never materialized. EOS has become known for its centralization concerns, cost of use for developers, and collusion between block producers. 

Larimer also helped found one of the first-ever crypto exchanges, Bitshares, with Charles Hoskinson in 2013. 

After EOS and Bitshares, Larimer’s legacy also includes two blockchain-based social media platforms: Steemit and Voice. Steemit has since been acquired by Justin Sun of Tron, and Voice has yet to gain significant traction. 

Still, Larimer has alluded to his continued interest in blockchain-based social media platforms. His Twitter activity has suggested much of the same, criticizing the recent ban of President Trump. 

It’s time to abandon Twitter. If you want to follow me then join https://t.co/epHnV9y13Y and subscribe to my mailing list on https://t.co/q79po8kITh. Meanwhile, this may be your last chance to download certain apps from Apple.

— Daniel Larimer (@bytemaster7) January 9, 2021

The announcement has shaken EOS bag holders, dropping the token’s price by 13.9% in the last 24 hours. It’s currently trading at $3.12, according to CoinGecko.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Blocknet (BLOCK) на Currencies.ru

$ 0.061991 (+1.38%)
Объем 24H $0
Изменеия 24h: 2.15 %, 7d: 12.58 %
Cегодня L: $0.061991 - H: $0.061991
Капитализация $0 Rank 7385
Цена в час новости $ 1.5548 (-96.01%)

dan larimer resigns cto one plummets block

Источник: cryptobriefing.com

dan larimer → Результатов: 65


Dan Larimer On 30k EOS Hack, “No Different Than High Fee Transaction Spam On BTC Or ETH”

An exploitation of EOSIO allowed an attacker to gain 30,000 EOS worth over $110k by winning every roll on the gambling decentralized app (DApp) EOSPlay. The attacker used REX, the Resource Exchange is a bucket that collects all the EOSIO resource fees including RAM sales and name auctions, to have the blocks filled with transactions […]

2019-9-15 17:52


EOS Creator Dan Larimer Points Out Possible Flaws in Relation to the Lightning Network

Over the course of the past few months, many crypto proponents have hailed the Lightning Network (LN) as being a “one-stop solution” for all of BTC’s existing scalability issues. However, in the same breath, there are also people like EOS Founder, Dan Larimer who believe that this technology carries with it it’s own set of […]

2019-4-8 13:25


Фото:

EOS’ Dan Larimer: I Could ‘Take Down’ Bitcoin, Ethereum

Cryptocurrency entrepreneur Daniel Larimer has delivered an unusual threat to the Bitcoin and Ethereum communities, claiming he could overpower their blockchains. Larimer Takes Issue With Decentralization The increasingly controversial Larimer, a founder of decentralized applications platform EOS and social media network Steemit among others, made the comments during a social media exchange March 27.

2019-3-29 12:00


EOS Founder Dan Larimer: A Major Huge Announcement Is Coming In June

The founder of EOS Dan Larimer has given a hint that EOS will be making a big announcement in June this year. He made this statement in the Telegram group of the EOS project yesterday March 25. Although no further details were given, Larimer made it clear that something huge was on the way for […] The post EOS Founder Dan Larimer: A Major Huge Announcement Is Coming In June appeared first on ZyCrypto.

2019-3-26 16:37


Фото:

Dan “The butterfly” Larimer is flitting from one token to another. After BitShares, Steemit and EOS, is he going to start another project?

Having a portfolio full of half-completed projects is a hallmark of bipolar disorder. People who can harness their energy when they are in a hypomanic phase can be really productive. Those who can’t often go from task to task, planning grand, unrealistic projects that are never finished before moving on to something else.

2018-11-29 22:51


дальше еще 16 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Block.one-backed social NFT platform Voice to cease operations

Voice has decided to wind down its business just two years after pivoting from a social network to an NFT platform. Voice was initially planned as a decentralized social media network but later “upgraded” into a non-fungible token (NFT) platform…

EOS-Based Social Media Platform Voice Is Now Open to Public

Voice, the EOS-powered crypto social media platform went live yesterday offering users a decentralized and censorship-resistant alternative to the current social media kingpins. Earlier than Anticipated Launch Highly-anticipated by the EOS community, the Voice social media platform has finally been launched.