EOSYS has reentered the league of 21 block producers that operate EOS, the world’s fifth-largest public blockchain. EOSYS is an EOS-focused accelerator Chain Partners, Korea’s first blockchain company builder, has established to vitalize the EOS ecosystem. EOSYS ranked 21st briefly after the EOS mainnet was launched on June 15 but has been forced out of the top-21 community. Starting from Aug. 31, EOSYS became a block producer again. Boosted by its reentry into the league, EOSYS is gearing up to help vitalize the EOS ecosystem by organizing various events, including an EOS DApp development contest.
According to the EOSPortal that provides information on EOS, EOSYS is ranked 20th among 407 block producer candidates by garnering 1.668 percent. Token holders cast votes at all times to determine rankings and only the top 21 block producers are able to maintain the network. They play the role of verifying if transactions are proper and producing blocks in exchange for EOS. EOSYS is producing blocks as Korea’s sole BP.
“We had been free of stress forgetting about rankings,” said Orchid Kim, the company’s community builder, adding that “we have settled at 20th after jumping 10 steps suddenly as some ‘whales’ (which refer to individuals and institutions having a lot of tokens) began to vote for EOSYS at some point.”
Company officials attach great importance to the reentry, saying, “Our goals of nurturing healthy EOS DApps and promoting the ecosystem have been recognized.” It is widely known in the EOS community that certain BP candidates have remained in the top ranks by promising to share rewards in return for votes from some whales. Several BPs, in particular, are suspected of having maintained high rankings through collusion. But tracking down on the moves of whales that voted for EOSYS shows that they supported EOSYS because of its pledge to vitalize the EOS ecosystem, according to EOSYS. Who voted for EOSYS is unknown but it’s possible to trace which BPs received votes from certain addresses. “We opted for a path to work quietly and diligently to go our own way because of uncertainties about voting no matter how we make an effort for the ecosystem,” EOSYS project manager Kim Hong-wook said, noting that “if you look at whales’ voting trends, you can find that some of them voted for healthy BPs seeking to nurture DApps and promote the ecosystem, and they began to support EOSYS.” He opined, “EOSYS appears to have consolidated its position in the BP community as much as it is mentioned whenever Korea is talked about.”
EOSYS plans to do more to vitalize the EOS ecosystem with a belief that its efforts have been recognized. To begin with, it will build the DApp Studio to nurture and encourage the development of EOS-based DApps. “It’s a kind of app store. DApps have yet to run download channels such as Apple’s App Store and Google’s Play Store and the DAppstore will serve as an occasion to focus on mobile,” Kim said.
A DApp contest is also planned to select and nurture projects armed with good ideas. EOS-based DApps can participate in the contest and themes vary, ranging from games, education and social networking to traffic and arts. Convenience, practicality, contents and creativity will count for much in the screening process. “EOS’ representative DApps such as Ono and Everipedia had to go independent because of their weight. We need DApps seeking to be small, light and convenient,” Orchid Kim said.
EOSYS says other Korean BP candidates also need to seek cooperation from local cryptocurrency exchanges to have more influence in the EOS ecosystem. Apart from EOSYS, such Korean players as EOSeoul, EOS Node One, Acroeos and Hexlant have also run for elections to be EOS BPs. “In China, crypto exchanges have taken part in the voting actively and created a voting system in their efforts to pay attention to the EOS ecosystem,” she said, adding that Korean exchanges, in comparison, have been less cooperative despite continuous contacts and persuasion. “We hope that exchanges will show more interest to nurture the local EOS ecosystem in the long term.”
/by Won Jaeyeon firstname.lastname@example.org
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