The idea behind eosBLACK
EosBLACK is a fork/sister chain of EOS, comparable to Worbli, Telos and Evolution. The difference between eosBLACK and other EOS-based blockchains is that eosBLACK will have an on-chain governance open democracy system unique to eosBLACK with the goal to overcome the limitations of indirect democracy inherent to the DPoS governance model. The team is planning on launching its mainnet in Q4 2019.
eosBLACK governance
The DApps being launched on the BLACK blockchain will be selected by using a decentralized autonomous community (DAC). The decentralized applications (DApps) developed on the eosBLACK blockchain don’t (and can’t) go through the process of an ICO. All the required funds will be provided in a systematic way, so that DApp developers don’t need to worry about their finances. The DApps on the eosBLACK blockchain need to be accepted first and the decision to approve a certain DApp is made by the token holders. Any stakeholder can join the selection process through on-chain governance.
Crypto Factory
The team behind the eosBLACK blockchain aims at improving the ICO funding method that became popular in 2017. Investors have since then become more sceptical of ICOs, therefore eosBLACK proposes an alternative called “Crypto Factory”. Through the latter, eosBLACK could eliminate the ICO process by financing the development of blockchain projects using inflation of its own coins complemented by income generated from operating its own decentralized exchange (DEX). By operating a development fund, the necessary funds for the operation of the Crypto Factory will be secured and rewards will be paid out to stakeholders who would participate in the development, according to their level of contribution.
Conclusion
EosBLACK is a smart contract DApp platform similar to the EOS mainchain. However, DApp developers who want to develop DApps on the eosBLACK blockchain will need the permission of the token holders. That is, eosBLACK is a “permissioned” smart contract platform, since stakeholders will have the ability to vote which DApps can be developed and which will not be allowed. Once a certain DApp has been approved, it will receive funding through the Crypto Factory and the tokens will be airdropped back to the eosBLACK token holders.
Disclaimer: This article was commissioned to be written for coinopsy before being published here.
Awesome overview of EOS Black, you really tied all those loose ends regarding the most successful airdrop of EOS. I wasn't aware it was it's own blockchain, but that does make sense. Only Q4/19 feels a bit far off.
Thanks!
I like the funding model eosBLACK is proposing for DApps to be built on their blockchain. If done well, this could be a very interesting way to fund projects. Just use the inflated tokens to fund selected proposals and then receive the airdrop in return. No money needs to come out of your own pocket directly, but you do have the incentive to choose the right projects.
Agreed, it's a really cool approach.
So many forks of EOS it is getting hard to count them.
It's not really a fork, as EOS.IO only releases software. It's up to anybody to just use the open-source software for their benefit.
It just happens to be that the EOS token is the most valuable token out there. Obviously because it is perceived as the "main chain", but that's up to the people to evaluate.
Yes sorry agreed; but clone . Same as what Ono and Howdoo are doing.
Congratulations @themonetaryfew! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Congratulations @themonetaryfew! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOP