EOS Plummets After Block.one CTO Dan Larimer Resigns
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EOS Plummets After Block.one CTO Dan Larimer Resigns

THELOGICALINDIAN - Prolific blockchain developer and crypto association affiliate Dan Larimer the CTO of Blockone has appear his abandonment today

Dan Larimer appear his abandonment as arch technology administrator (CTO) of the crypto company, Block.one. The aggregation is amenable for architecture an declared “Ethereum killer” and becoming over $4 billion during an ICO able the same. 

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

In a abrupt blog post, the Block.one CTO thanked his colleagues and appear that he would be abrogation the aggregation to about-face to body added censorship-resistant technologies. He said: 

“I accept appear to accept that you cannot accommodate ‘liberty as a service’ and accordingly I will focus my absorption on creating accoutrement that bodies can use to defended their own freedom.”

Larimer has been with the aggregation back 2017. At that time, the aggregation aloft a whopping $4 billion for an antecedent bread alms (ICO) to barrage the EOS network. It was heralded as an bigger adaptation of Ethereum, with faster throughput and lower fees amidst a chock-full ETH ecosystem. 

Despite its ambitions, these promises never materialized. EOS has become known for its absorption concerns, amount of use for developers, and bunco amid block producers. 

Larimer additionally helped begin one of the first-ever crypto exchanges, Bitshares, with Charles Hoskinson in 2024. 

After EOS and Bitshares, Larimer’s bequest additionally includes two blockchain-based amusing media platforms: Steemit and Voice. Steemit has back been acquired by Justin Sun of Tron, and Voice has yet to accretion cogent traction. 

Still, Larimer has alluded to his connected absorption in blockchain-based amusing media platforms. His Twitter action has appropriate abundant of the same, criticizing the contempo ban of President Trump. 

https://twitter.com/bytemaster7/status/1347737515785072643?s=20

The advertisement has annoyed EOS bag holders, bottomward the token’s amount by 13.9% in the aftermost 24 hours. It’s currently trading at $3.12, according to CoinGecko.