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EOS Support Bi-monthly: IBC Executed, New CDs, Scorching Fireside Chat, ENF Marketing, HuFi
EOS Support Bi-monthly: IBC Executed, New CDs, Scorching Fireside Chat, ENF Marketing, HuFi

Published on January 26, 2023

Markus Hinrichs avatar
Written by Markus Hinrichs
Updated over a week ago

Author: Marco González

Editor: Randall Roland

Looking Back on 2022

What a year! The establishment of a foundation began at the end of 2021. Independence as an unencumbered public blockchain was declared in September with the launch of AntelopeIO. A world tour introduced diverse minds to EOS and what’s possible with blockchain. The forming of a multi-blockchain coalition was the first step toward a highly performant IBC. Several key working groups continue with specific agendas that will make EOS the blockchain of choice for years to come. A lot of innovation took place on the EOS Network in 2022, maybe more than had occurred throughout its previous history. Read an exhaustive EOY review here.

IBC Executed

Inter-blockchain communication (IBC) has been among the primary concerns ever since the first iteration (Leap v3.1) of AntelopeIO went live back in September. On January 12, Yves announced the execution of the MSIG that created the needed accounts. This action means Antelope IBC is just around the corner. The community awaits the UX Network’s configuration of contract settings. More than $10M was invested into a Coalition to help bridge ideas across chains that plan to use AntelopeIO software. Return on that investment begins now- and likely in a big way. Check out a recent discussion to get a better understanding of how blockchains can talk to each other. Next on the agenda is the Trust Network, an EOS EVM.

Maybe the Hottest Fireside Chat Ever

January 11, 2023, may have been the hottest Fireside chat ever; well, at least for a week where there was no hard fork. It was a week introduced by updates like plugin features that expect to make for a more active ecosystem. There were a few words from each newly elected Eden on EOS delegate. However, what made this Fireside chat stand out was the host’s reading of details of potential threats to the EOS Network. Accusations were made based on interpreted events prior to the election. A notable response was the chance for all sides to prepare arguments. As was how the situation already had changed. Still, the host felt the need to share an illustration of potential immediate and future threats.

ENF Updates

The ENF wished the community a Happy New Year. Commenting on the new year, CEO Yves La Rose said:

“2022 was the year the #EOS community seized the power back. 2023 will be the year of the EOS Comeback!”

ENF’s holiday giveaway continued with a January survey (ref. 1, ref. 2) and more opportunities to earn POP Tokens. The foundation released its Program & Operations Health Report (ref. 1, ref. 2) for December. Also on topic for mid-January was funding mechanisms and, with the help of Hypha tools, making EOS “the home of DAOs”. Vlad Tereshkov is the latest spotlight on the Architects of Consensus. Don’t forget to check out the new informative series DeCafe for Building a Development Community and How to Get a Job in Web3.

Eden on EOS Election #5

The excitement leading up to the election certainly didn’t disappoint. Eden on EOS successfully held its 5th election, albeit with some rooms (including a run for a Chief Delegate) not reaching consensus. The missing 5th CD was acknowledged by the community, but other issues attracted more attention. There’s the inconsistency in the bylaws and the desire to publish them on-chain. Eden has always been concerned with attacks. In this election, the proposed Smart Proxy was at the center of suspected foreign interest. Below you’ll find the new CDs:

  • Joseph (Head Chief)

  • Joshua Seymour

  • Patrick Bernard Schmid | NovaCrypto

  • Nathan James

Watch the recording of the main room here. Visit EdenElections to find out more and/or join. 4th-term CDs successfully handed off the keys to the new CDs. The ceremony is also a chance for past and present CDs to discuss the most crucial matters expected to survive the transition.

Eden on EOS Delegates Coordinate Efforts

This section covers some of the early conversations ongoing in the Telegram channels. For the first time, Level-1 Eden delegates are (substantially) coordinating their efforts. Current topics gaining momentum are a clearly defined Eden purpose (and broader strategy), bylaws, and regular meetings. If you're an Eden member, you may wish to inquire with your associated L1 delegate or join the Eden Community Telegram channel to stay informed. More people are getting involved this term than ever before. If you’re not a part of Eden on EOS, feel free to inquire at EdenElections.com.

ENF Marketing Team Gearing Up

An ENF marketing initiative took the world by storm with a ‘boots on the ground’ world tour that extended through the end of 2022. So, sit back and reap the rewards like the previous administration, right? Not on your life. Nine faces put their reps on the line in a commanding presence with the reassurance that in 2023 EOS will show the whole world what it can do. Post-it notes w/blockchain- still feels like ‘boots on the ground’. EOS, as a community, is more personable than other blockchains. P2P exchanges and all kinds of smart contract applications occur fastest on the EOS Network. Performance appears to be a core mandate of the EMT (ENF Marketing Team) working with a resuscitated and high-spirited new EOS running AntelopeIO.

HuFi Movement Takes Off in 2023?

Is HuFi just another word for DeFi or P2P? Does an email carry the same weight as a live chat with a long-time friend? EOS PGL.MLT BP tweeted (about HuFi):

“The blockchain acts as a bank, the code as the accounting services.”

A bright new year, IBC execution, rampant innovation (on EOS), and another tweet by EOS PGL.MLT BP inspired this section:

“The #HuFi Movement has started '23 with a 💥. The summit is individuals taking control over credit creation…”

HuFi satisfies needs on a human level. Would a trip to store_A be more worthwhile than a trip to store_B? Messages secured through blockchain can help add value to such decisions. Like, what if a comment displaying a storefront were secured by Twitter’s blockchain experiment (see SiliconANGLE). Another on topic comment involved:

“creating liquidity through HU-FI tools…”.

Maybe the best comment capturing how the HuFi movement will impact society:

“Hufi came like a dream and became a reality 💯 up up Hufi”

And for good measure, here’s a comment displaying “we accept EOS”.

EOS TVL Surpasses Bitcoin

Ethereum’s total value locked (TVL) outpaces all other chains. Bitcoin still holds a dominant lead in market cap. EOS was once part of the discussion of top 5 chains. On January 10th, it sort of was again as it surpassed Bitcoin in TVL. At the time of this writing, BTC and EOS TVL rankings have been see-sawing. With everything that DeFibox is doing, it wouldn’t be surprising to see EOS soon on the heels of Ethereum, BSC, and Tron.

EOS Network Community Update: Happy New Year

The holiday break seemed short this year. That’s what happens when excitement and innovation overtake a community. Add to that a lively election the first week in January and 2023 already feels like someone threw gasoline on the fire. Leave it to the ENF to find some jet fuel by announcing the execution of IBC accounts and advancing marketing efforts. Eden delegates didn’t seem to need motivation- it’s their time to get more involved. And how about HuFi getting some real momentum? 👇 More resources for exciting news from around the community:

COMMUNITY CHATTER

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A bi-monthly newsletter produced by w3briefs.com. Coverage spans from December 30 through January 13 highlighting recent events and key projects within the EOS ecosystem.

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Sources & References

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