EOSIO protocol-based blockchains come together for development of core code
The blockchain world still has room for improvement, and it is an ever-evolving field. One such protocol that is planned to undergo major improvement is EOSIO. 4 of the major blockchains which are built on this protocol have come together for the development of the core code of the protocol.
EOS, Telos, WAX, and UX Network have combined resources
The four major blockchains which are combining their resources include EOS, WAX, UX Network, and Telos. These blockchains are built atop the EOSIO protocol and are combining an "$8 million annual budget for core development and developer outreach in 2022," as per their Medium blog.Though the blockchains remain distinct from one another, they will work together to rebrand the EOSIO technology stack and bring additional security and new feature development to the protocol's core code.It is important to note that any development which has been implemented in the code of EOSIO can be subjected to discussion by the community as it is open-source, and the ultimate decisions on suggestions introduced will be made by the coalition of the four blockchains.
EOSIO set to undergo rebranding
The EOSIO protocol experienced the richest ICO in history at $4 billion, of which $1 billion was pledged for the development of the protocol. As per the Medium blog, after the creator of the protocol, Block.one stopped supporting the protocol in 2021, "the protocol development's future was unclear until EOS, Telos, WAX, and UX Network aligned to take charge of future development."Furthermore, it has also been revealed that the EOSIO protocol will be rebranded as the coalition has retained a professional branding agency, and a new name will be given to the protocol to "demonstrate its multi-chain nature and to distance it from any connection with Block.one."
Yves La Rose, Executive Director of the EOS Network Foundation, noted:
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.
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