Home Crypto News EOS Drops Roughly 30% in 18 Hours after Daniel Larimer Leaves Block.One

EOS Drops Roughly 30% in 18 Hours after Daniel Larimer Leaves Block.One

6 min read

After making a reputation for himself as a outstanding blockchain developer and crypto group member, Dan Larimer introduced his resignation from Block.One on Sunday, January 10th.

While Larimer’s departure from the corporate appears to be amicable, the worth of EOS, which Block.One was chargeable for growing, has not taken Larimer’s exodus properly. At press time, roughly 18 hours after the announcement, EOS had dropped almost 30 p.c.

“I Have Come to Believe That You Cannot Provide ‘Liberty as a Service’”

Larimer, who previously served as the corporate’s Chief Technical Officer, didn’t give particular causes for his resignation. However, in a weblog publish, he did point out that he’s more and more in “censorship-resistant technologies.”

Daniel Larimer, former CTO of Block.One.

“I will continue on my mission to create free-market, voluntary solutions for securing life, liberty, property, and justice for all,” he wrote. “I do not know exactly what is next, but I am leaning toward building more censorship-resistant technologies. 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’s announcement follows information that United States President Donald Trump was banned or suspended from Twitter, Facebook, YouTube, and plenty of different social media platforms. The social media giants have unilaterally mentioned that their causes for banning Trump need to do with the attainable incitement of violence on the Capitol final week.

“It’s time to abandon Twitter,” Larimer wrote in a Tweet on Saturday, including that “[…] meanwhile, this may be your last chance to download certain apps from Apple.”

Larimer gave the impression to be referencing Parler, which is described by Wikipedia as “an American alt-tech microblogging and social networking service. Parler has a significant user base of Donald Trump supporters, conservatives, conspiracy theorists and right-wing extremists.” Parler was dropped by each the Google Play and Apple App shops this weekend.

Larimer Is Also the Creator of Steemit, Voice

Larimer’s tenure at Block.One started in 2017. CryptoBriefing reported that since then, the corporate managed to boost $4 billion in an preliminary coin providing to launch the EOS community.

However, whereas the community was initially billed as an improved model of Ethereum that might function with increased transactional velocity and decrease gasoline charges, a number of points persistently plagued the community. EOS has gained a fame as an overly-centralized community; considerations have additionally arisen over “cost of use for developers and collusion between block producers.”

Larimer’s expertise in the blockchain world extends past EOS. Furthermore, he is named one of many creators of each Steemit and Voice, two blockchain-based platforms which are devoted to content material creation. Steemit achieved a excessive degree of recognition and was acquired by Tron’s Justin Sun in 2020 whereas Voice has not but achieved comparable recognition.

Load More Related Articles
Load More By admin
Load More In Crypto News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Bar owner offers to sell business for crypto

Patrick Hughes, an owner of two bars in Hell’s Kitchen has put each setups for sale in alt…