4 EOSIO-based altcoin projects: EOS, Telos, WAX and UX Network are teaming up to develop the core code of the EOSIO protocol underlying each. This coalition has committed to a combined annual budget of $8 million for core development and developer access in 2022.
EOSIO rebrands
While the 4 Blockchains will remain different from each other, EOSIO will work together to rebrand the technology and bring additional security and new feature development for the core code of the protocol. All code developed by the group will be open source and can be freely used in any EOSIO protocol based project. EOSIO protocol is the third generation Blockchain technology with high speed, capacity and customizability. The process of establishing the coalition of EOSIO Blockchains, which we refer to as
Kriptokoin.com, began in January 2022 and has been at various times called Ultra, Proton, FIO, EVA and even Block.one. It includes many other EOSIO protocol projects such as stock market and NFT projects of . For several weeks, various teams discussed models for collaboration, decision-making, financial support, and development priorities through weekly, video-taped Zoom meetings.
- On March 14, 2022, Telos, represented by EOS Network Foundation (ENF) led by Yves La Rose, and Telos Core Developers (TCD) led by Douglas Horn, agreed to participate in the efforts to support core protocol code. he accepted.
- On March 31, WAX and UX Network agreed to join the coalition.
Altcoin projects will allocate $8 million for development
4 altcoin projects EOS, Telos, WAX and UX Network, each to provide control over the development of the core EOSIO protocol core code. is getting together. Collectively, the coalition announced this year a massive $8 million budget for core development and access to developers.
According to Dappradar.com, WAX is the world’s #1 Blockchain as measured by both user count and transaction count. It’s also the leading entertainment NFT network. In 2018, the company introduced vIRLs, which gives consumer product companies the ability to directly connect NFTs to physical consumer products.
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