EOS, Telos, WAX and UX Network have teamed up to gain control over the development of the EOSIO protocol core code that underpins each of these blockchains. Collectively, the coalition has announced that it will dedicate a massive $8 million annual budget this year to core development and developer outreach.

Rebrand EOSIO

According to the press release shared with CryptoPotato, the four blockchains will remain distinct from one another and will work to add new features to the EOSIO core code. The complete code developed by the group will be available to any initiative based on the EOSIO protocol. It will be free to use and open source in nature.

The coalition began to form in January this year. At some point, it included various other EOSIO protocol projects such as Ultra, Proton, FIO, EVA and even the now separate Block.one Exchange and NFT projects.

Two months later, ENF founder and “community-elected CEO” Yves La Rose, represented by Telos Core Developers (TCD) led by Douglas Horn, agreed to form an alliance to support the core protocol code. Soon WAX and UX Network followed suit and joined the coalition. The statement also revealed that other groups could soon come together to contribute and weigh in on development priorities.

La Rose called the move “a huge milestone” and added:

“This coalition represents a monumental change in the future direction of the EOSIO protocol and is a huge milestone for all companies leveraging its technology. The network effect of multiple EOSIO blockchains working together to ensure the growth and sustainability of our common codebase and related open source innovations is a force multiplier that will pay dividends for years to come.”

the coalition

Coalition members will weigh up the detailed review of the current status of the EOSIO protocol and identify ways to fund priority proposals and offer a public and specific development roadmap.

The four blockchains based on the EOSIO protocol have their own areas of focus and are set to compete in various fields. The group as a whole will focus on areas where chains overlap and incentives are positioned to accelerate core protocol development.

Mocking Block.one, Douglas Horn, Chief Architect of Telos, stated:

“This is a defining moment for the EOSIO protocol. Finally, the development is in the hands of the users instead of Block.one. Finally, developers will have communication about priorities and code releases so they can make their own development plans. I’m excited about what we can build for users.”

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This post Four EOSIO Protocol-Based Blockchains Commit $8M to Rebrand Tech Stack

was published first on https://cryptopotato.com/four-eosio-protocol-based-blockchains-commit-8m-to-rebrand-technology-stack/

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