Four EOSIO Protocol-Based Blockchains Contribute $8M to Rebrand Technology Stack EOS, Telos and WAX have joined forces to control the development of EOSIO protocol core codes that underpin each of these blockchains. The coalition announced that they will dedicate $8 million annually to core development and outreach for developers this year.

Rebranding EOSIO

According to the release shared with CryptoPotato, all four blockchains will remain distinct from one another and will work towards adding new features to EOSIO’s core code. All code created by the group will be accessible to any EOSIO protocol-based initiative. It will be freely available and open-source. In January 2011, the coalition formed. At some point, it included various other EOSIO protocol projects such as Ultra, Proton, FIO, EVA, and even the now-estranged Block.one’s exchange and NFT projects. Two months later, ENF founder and “community-elected CEO” Yves La Rose, represented by the Telos Core Developers (TCD) led by Douglas Horn, agreed to form an alliance to support the core protocol code. Soon WAX Network and UX Network joined the alliance. In the statement, it was revealed that other groups may soon join to provide input and influence development priorities. La Rose called the move “a huge milestone” and added,

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

The Coalition

Coalition members will participate in the thorough review of the EOSIO protocol’s current status. They will also identify funding options for priority proposals and provide a public roadmap for development. Each of the four EOSIO protocol based blockchains has its own areas of focus and will compete in different arenas. As a group, the group will concentrate on areas where the blockchains overlap. Incentives are available to speed up the development of the core protocol. Douglas Horn, Chief Architect for Telos, took a jibe towards Block.one.

“This is a watershed moment for the EOSIO protocol. The users now have the ability to develop instead of Block.one. Finally, developers will be able communicate with each other about priority code releases and code changes so they can create their own development plans. I’m excited about what we can build for the users.”