Creator of EOS Announces New Cryptocurrency Project

Daniel Larimer, a developer at Block.one, the company that created EOS, shared that he has plans for the development of another cryptocurrency project shortly after the launch of EOS.

Plans shortly. first announced via Telegram:

“I’ll say it again, I’m not leaving EOSIO or B1. In the process of working on the security and scalability of EOSIO, I stumbled upon a new set of exchanges for a potential crypto token and was just researching if there was a market for them recently.. EOSIO is the future of blockchain, and our team at Block One is making it faster, more secure, more scalable and more flexible every day.”

It seems that Larimer is in the process of developing EOS faced with new concepts. He did not apply these new concepts to EOS and now wants the concepts to develop a new token.

“The hypothetical token will be immutable, non-programmable and limited to its currency role.. It will in no way compromise larger uses for EOSIO applications.”

Other features of the new token have been revealed in a separate Telegram group. Here he stated that “crypto people will hate it”. He also named the new token “MonerEOS”, possibly indicating a match between the privacy-centric cryptocurrency monero (XMR) and EOS.

Reactions from the Crypto Community

To comments on Reddit On the face of it, Larimer’s message was clearly not well received.. Regardless of how Larimer tries to reassure investors that the new project will not jeopardize the development of EOS, many in the community are still skeptical of the developer’s intentions.

Since EOS has raised over $4 billion in its one-year ICO. being considered an “ICO unicorn”. But it has been criticized for focusing on the new project just 5 months after the launch of EOS.

Larimer is considered the founder of high-throughput blockchains EOS, Steem, and BitShares.. With this new announcement, the entrepreneur is now recognized as someone who jumps from project to project.. While many people see no fault in this, the situation can become alarming, especially if we consider the collapse of Larimer’s recent projects.

As reported by CryptoGlobe, blockchain social media platform Steemit; has had to lay off more than 70% of its staff as the cryptocurrency market has been on the decline lately. According to Ned Scott, CEO of the firm, the firm is trying to restructure to survive.

New findings argue that EOS is not a blockchain because transactions are not cryptographically confirmed.. As if that wasn’t enough, EOS moderators have the power to change transaction history and undo previously approved transactions.. Larimer himself said that decentralization is not the priority of EOS.

Follow us on Twitter, like our Facebook page, and join our Telegram channel to stay up-to-date on breaking news!