Welcome To Our EOSphere…

One of our primary responsibilities to the whole EOS community is to support new initiatives in the EOSIO space. For those that have been following our work over the past year you will see that we’ve been heavily involved in supporting local community ventures, new dApp projects and more recently new blockchains.

This article is to highlight the chains we’re currently supporting and have registered as a Block Producer on the chain’s Mainnet. Each chain has its own strengths and weaknesses and we’ll try to explain these along with why we got involved.

EOS Mainnet

The young granddaddy of them all, this is what started it all off and the chain we got involved with over a year ago. It operates on the Delegated Proof of Stake (DPoS) methodology which means the custodians of the chain — in this case the Block Producers (BP’s) — are voted in by EOS token holders and the top 21 ranked BP’s are responsible for signing blocks. BP’s are paid by 1% inflation on the network, top 21 BP’s are rewarded the most for this responsibility however there are also a number of standby BP’s that are also rewarded for their service provided they qualify for at least 100 EOS through sufficient votes. We actually created a video describing the Role of a BP.

Anyone with EOS tokens can cast votes for the Block Producers (BPs) that they think are adding the most value to the community. Their total token holding allows them to vote for up to 30 BP’s simultaneously i.e. If you had 1,000 EOS, you could give 1,000 “votes” each to your favourite 30 BPs.

Why are we there?
We are extremely passionate about EOS and believe this historical blockchain will evolve into the transcendent platform we know it will be. We were one of the founding BP’s at launch in June and had the first independent voting portal very soon after launch. We’ve fully supported the whole EOS-Mainnet community by organising meetups in our native Australia, attending hackathons and BP Summits and support initiatives such as Chintai, pixEOS and Emanate.

We also run our own proxy “goodguys4eos” and we vote for 30 BP’s that receive under 1% of the total vote and are actively involved in the EOS Community.

More info?
The EOS.IO web portal can introduce to what the EOSIO blockchain has to offer.

How to vote on EOSIO Mainnet?
Click here if you wish to vote for us or any other BP. If you are kind enough to want to vote for us, then our BP name is eosphereiobp

Worbli

Worbli is a sisterchain to the EOS-Mainnet and has been created to be the first EOSIO Financial Services Network. It is also the first chain that has mandatory Know Your Customer (KYC) and Anti Money Laundering (AML) verification on every newly created account.

Worbli’s goal is to develop a Financial District and the most cost-effect but developer-friendly platform whilst embracing the security and decentralised benefits of running on a blockchain.

The benefits of having such a financial platform are clear with one of the biggest positives being that all transactions taking place on the Worbli chain will be instant and fully transparent. You’ll be able to see your transaction traverse the network and arrive at the destination without the risk of it being intercepted on its journey.

The chain has been live for some months and the Worbli team are working on new dApps and partnerships as well as their customer portal which allows users to register for accounts after being subjected to the associated Know Your Customer (KYC) checks.

Why are we there?
Worbli approached us towards the end of 2018 and invited us to become one of their “top 21” Block Producers. Due to the sensitive nature of their business they have decided to have a set pool of BPs — 21 active and 9 standbys — rather than have votes and ranks for each candidate.

This is a very exciting space for us because there is a strong Australian presence in the Worbli Team and also bringing financial dApps and their associated benefits to the blockchain could revolutionise the financial industry for ever. It will remove the current borders in place for completing financial transactions between two geographically diverse counterparties whilst offering the security and transparency of the blockchain.

More info?
You can find out more about the Worbli ecosystem by visiting their portal.

Telos

The Telos Blockchain was developed to address a number of challenges experienced on the EOS-Mainnet. A team of highly experienced members of the Blockchain community designed the Telos platform using EOSIO software with a specific focus on decentralisation, sustainability and governance. Some of the main differences are:

1. That the token balances of accounts in the initial genesis snapshot of the chain were capped to 40,000. This was to prevent account holders with a high number of tokens (ie whales) from taking over the network and influencing the order of the Top 21. Token distribution is much more widespread on Telos because of this.
2. Telos rotates standby BP’s into a block producing position every 3–7 days. This ensures all standbys are ready to produce and also allows the main BP’s to have a period of downtime to perform maintenance. Any BP in a block producing position who drops blocks for 30 minutes is automatically kicked. This increases stability and resilience over time as the “good” BP’s will remain on the network whilst the less committed will slowly die away.
3. Telos has also implemented Inverse Weighted Voting, meaning that if you only vote for 1 or 2 block producers your votes have less weight than if you vote for 30. This encourages the majority of Telos members to become more educated about block producer candidates and discourages those who seek to vote only for themselves and their affiliates.

Why are we there?
EOSphere decided to join up with Telos just prior to their launch after discussions with the Telos Launch Group. We were honoured to be invited to perform independent verification of the genesis snaphot. This is a crucial stage of any block chain launch and we were more than happy to oblige.

We’re very excited around the whole Telos ethos. The Telos Foundation are committed to providing a high-performing, scalable blockchain along with good governance. We agree with many of their principles and it seemed like a perfect fit for us to present ourselves as Block Producer candidates.

Similar to the EOS Mainnet, we also run our own proxy “goodguys4tls” and we vote for the best 30 BP’s that are fully compliant with the Telos BP standards.

More info?
To find out more information about the Telos Foundation, pop over to their website.

How to vote?
You can download the Telos Wallet called Sqrl and once installed / configured you can cast your vote for your favourite BPs. If you do want to show your support for us, then our BP name on Telos is eosphereiobp

EOSForce

The most recent addition to the EOSphere is EOSForce. Until recently this was a very little known sister chain based out of China. It launched very soon after the EOSIO Mainnet but outside of Asia it remained off most people’s radar.

The EOSForce chain also relies on Block Producers to sign blocks and govern the network but their voting model is completely different. Rather than 1 token allowing you to vote for up to 30 BP’s, as is on the EOSIO Mainnet, 1 EOSC token only allows you 1 single vote. So if you want to give a single vote to 30 different BPs, then you will need 30 tokens.

The second major difference is that the voter will receive a dividend back from the BP(s) they vote for. When BPs register on the network they have to commit to give a certain percentage back (from 0 to 100%). This is to encourage people to actively vote and participate in the network. There is a more in-depth article that you can read if you wish to discover the finer workings.

EOSForce is also derived from the EOSIO software, but is built with a multi-chain architecture. There is a single currency settlement layer chain connected to by multiple computing layer side chains to support dApps. This will enable security, high performance, inter blockchain communication innovation, easy dApp migration and a friendly developer environment.

Why are we there?
We met up with some of the EOSForce team at the Oslo EOS BP Summit and after some discussions over the following weeks we decided that we’d like to participate in this up-and-coming EOSIO chain. The EOSForce team wanted to gain the interest and support of the Western World and we were looking to broaden our community and exposure in the Chinese / Asian space. We are also extremely interested in Inter Blockchain Communication (IBC). It seems like a perfect match and we were very happy to join the network in early-January 2019. We feel the Chinese blockchain community are incredibly enthusiastic and have a solid understanding of the capability EOSIO can unleash. We are flattered to be invited as one of the first Western BP’s to join the EOS Force community.

More info?
EOS Force have their own portal describing their philosophy and vision.

How to vote?
You can download the native EOSForce wallet and voting tool from here and cast your votes for one or many BPs. Don’t forget, it’s one token for one vote! Our BP name on the EOSForce Blockchain is forcesphere. We’d really appreciate any support you can give us!

The Future

As you can see, we are very active in the EOSIO community and are fully committed to leading all these ideas into mainstream adoption. We want EOSIO to be recognised as a Business Friendly Platform.

But, we don’t stand still. We want to get involved and support more exciting enterprises such as these.

Behind the scenes we’re working on many more interesting projects and over the coming months we hope to be able to announce key partnerships and sponsorship of other innovative platforms.

Keep checking back in our social media channels to see what we’re up to!

EOSphere are a passionate group of EOSIO enthusiasts and data centre professionals. Based in Australia, EOSphere are focused on bootstrapping the EOSIO community and serving the entire EOSphere through provision of infrastructure, governance and community benefit initiatives.

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