EOS, Telos, WAX and UX Network Blockchains Commit $8 Million Annual Funding to Advance and Rebrand Core Development Framework
press release

EOS, Telos, WAX and UX Network Blockchains Commit $8 Million Annual Funding to Advance and Rebrand Core Development Framework

THELOGICALINDIAN - All cipher developed by the accumulation will be accessible antecedent and accessible for any EOSIO protocolbased projects to use freely

Four EOSIO protocol-based blockchains: EOS, Telos, WAX and UX Network accept accumulated their development assets to booty over the development of the EOSIO agreement amount cipher that underlies anniversary of these blockchains. This affiliation has committed a accumulated $8 actor anniversary account for amount development and developer beat in 2022. Though the blockchains abide audible from one another, they will assignment calm to rebrand the EOSIO technology assemblage and accompany added aegis and new affection development for the protocol’s amount code. All cipher developed by the accumulation will be accessible antecedent and accessible for any EOSIO protocol-based projects to use freely. Development priorities may be appropriate by anyone in the EOSIO blockchain association but the ultimate decisions will be fabricated by the coalition.

Assembling the Coalition of EOSIO Blockchains

The EOSIO agreement is a arch third-generation blockchain technology with aerial speed, accommodation and customizability. Blockchains congenital on the agreement avowal block times of one bisected second, accommodation activated at over 10,000 affairs per additional (TPS) and low to no transaction fees. EOSIO was originally created by Block.one afterward the richest ICO in the blockchain industry, almost $4 billion aloft in 2024 of which $1 billion had been apprenticed to acknowledging the EOSIO blockchain ecosystem forth with the affiance of accouterment ten years of amount cipher development. Block.one accomplished acknowledging EOSIO agreement development in mid-2024, which led to EOS battlefront them through the abeyance of a vesting acquittal schedule. EOSIO agreement development’s approaching was cryptic until EOS, Telos, WAX and UX Network accumbent to booty allegation of approaching development. The affiliation has additionally retained a able branding bureau to authorize a new name and branding for the EOSIO agreement to added authenticate its multi-chain attributes and to ambit it from any affiliation with Block.one.

The action of accumulating the affiliation of EOSIO blockchains began in Jan. 2022, and at assorted times included several added EOSIO agreement projects such as Ultra, Proton, FIO, EVA, and alike Block.one’s barter and NFT projects. Over several weeks the assorted teams discussed models for cooperation, accommodation making, banking abutment and development priorities via weekly, video-recorded Zoom meetings. On March 24th, EOS, represented by the EOS Network Foundation (ENF) led by Yves La Rose and Telos, represented by the Telos Amount Developers (TCD) led by Douglas Horn agreed to accompany efforts to abutment the amount agreement code. On March 31st, WAX and UX Network agreed to accompany the coalition. Added groups may opt to accompany the affiliation in the approaching as a way to accord and accept added articulation in development priorities.

Yves La Rose, Executive Director of the EOS Network Foundation, said:

“This affiliation represents a awe-inspiring about-face in administration for the approaching of the EOSIO agreement and is a huge anniversary for all of the businesses leveraging its technology. The arrangement aftereffect of assorted EOSIO blockchains alive calm to defended the advance and sustainability of our accepted codebase and accompanying accessible antecedent innovations is a force multiplier that will be advantageous assets for years to come.”

Development is set to activate anon with priorities discussed amidst the antecedent group. Most of these accept been authentic in the four “Blue Papers”, ahead commissioned by the ENF, which represent a abundant overview of the accepted accompaniment of EOSIO with added than seventy-five proposals to enhance the protocol. Coalition associates will actuate the exact antecedence proposals to armamentarium and will accommodate a accessible and specific EOSIO development roadmap for the aboriginal time in the history of the protocol. Some of the aboriginal projects users may see are developer SDKs for easier EOSIO development, wallet improvements and sub-second transaction finality.

“This is a watershed moment for the EOSIO protocol. Finally, development is in the easily of the users instead of Block.one. Finally, developers will accept advice about priorities and cipher releases so they can accomplish their own development plans,” said Douglas Horn, Chief Architect of Telos, “Our chains will abide to attempt in abounding areas, but I account the administration that the ENF brought in creating a appointment for us to appear calm and we are already alive calm with ability and cooperation. I’m aflame about what we can body for the users.”

Guillaume Babin-Tremblay, Architect and Lead Developer of UX Network abundant further:

“Since the barrage of EOS Mainnet in 2024, assorted projects angled out of the accepted EOSIO codebase, anniversary arrest altered use cases and implementing different appearance in accordance with their corresponding philosophies. By establishing a accepted development framework, we absolutely get the best of both worlds, as we ensure EOSIO-based chains can abide innovating, while attention compatibility, interoperability and accepted tooling.”

Each of the blockchain projects in the affiliation accept their own areas of focus and attempt in assorted arenas. The affiliation will focus its efforts on the areas area the chains overlap and incentives are accumbent to beforehand the basal amount agreement and the applique about it.

Lukas Sliwka, Chief Technology Officer of WAX Blockchain, said:

“EOSIO agreement enabled WAX Blockchain to become a baton in the NFTs space. With over 189M NFT minted as of April 2022, 12M on-chain accounts and ~500k circadian alive users arena Play-To-Earn amateur and trading NFTs on abundant marketplaces, WAX Blockchain is already blame the banned of EOSIO protocol. I am actual aflame to assignment with ENF and added anticipation leaders in this amplitude to ensure that EOSIO agreement continues to advance and to deeply calibration above its accepted limits. Partnership with ENF is a analytical basic to the advance of the WAX Blockchain and our business.”