EOS (EOS): Bancor’s LiquidEOS creates downloadable tool for block producers
EOS (EOS) voting tool has been created by LiquidEOS, an EOS block producer which is led by Bancor. Bancor is actually a decentralised liquidity network.
It allows traders holding any token to convert into another token in the network. Interesting thing is that there is no counterparty, the conversion happens automatically in calculated price, using a simple web wallet. The downloadable by Bancor’s LiquidEOS tool is to address a multitude of issues that are posed by the previous voting tool, AMB Crypto reported.
Candidates for the role of block producers or validators from all around the world voted ‘Go’ to make the main net go live. However, the vote count has not been disclosed by the moderators yet. On Saturday, at 1:00 UTC more than 100 candidates gathered and participated in the vote while around 1800 people watched. The meeting was streamed on YouTube by EOS GO, Coin Desk reported.
The voting system used ‘Scatter’ which is a popular EOS wallet as well as an open source tool. It can sign transactions by using a private key and without exposing it ever. Though the community did not endorse it officially as a safe tool. In fact, some users even reported an error message prompt which said, “No accounts were found connected to this private key. If you want to import a key which is not generated by Scatter you will need to create an account for the key before importing it.”
Alternative downloadable voting tool
According to AMB Crypto report, the new voting tool also uses Scatter. However, in this case, when the voting process requires a transaction to be signed, it’s signed locally. The transaction is then executed on the blockchain, hence registering as a vote.
So, the alternative downloadable voting tool can be used for any of the other upcoming voting processes. For example, if there’s a vote being called for a software update, this tool can be used for voting.
Image via shutterstock
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