The greatest power of the EOS community is the people, Thomas Cox
EOS, one of the most actively developed blockchains, has become widely popular in the cryptoverse. EOS, the cryptocurrency backing the EOS blockchain has risen to become the fifth largest cryptocurrency by market cap. The EOS blockchain helps developers build decentralized applications on the EOS platform. BCFocus recently had the chance to interview Thomas Cox, the interim Executive director of EOS Alliance, about the progress of EOS and its future projects.
The EOS Alliance, as I understand, is a community-centric platform that allows EOS users to raise concerns and generally interact on various EOS-related updates. Can you elaborate a bit more on what the goal of EOS Alliance is? How did the idea of EOS Alliance come about?
The EOS Alliance is the fourth attempt by the community to self-organize and form a coordination-and-communication mechanism. The idea has been in the air for years before EOS was created — nearly every significant public blockchain has an analogous structure.
The goal of the EOS Alliance is to assist all EOS community stakeholders to find their voice and be heard in the community, so the EOS mainnet can evolve to serve humanity’s needs. Just as other blockchains have used a technology-specific foundation (Bitcoin Foundation, Ethereum Foundation, Tezos, Cardano, etc.), we’ve created a standing group of accountable people to engage in those few specific things that the decentralized community cannot practically do for itself.
The EOS Alliance drives awareness, adoption and evolution of the EOS platform in line with the will and governance of the community.
We act as a voice for the full community, including token holders, block producers, arbitrators, application developers and operators, and the general public, and the platform, to facilitate coordination of platform initiatives and support long-term platform efforts.
EOS Alliance will neither seek nor accept positional power of any kind. All governance power of the EOS mainnet resides in the Token Holders, their elected Block Producers, and community approved Arbitrators.
The Alliance can never decide an outcome nor set community policy. It can help the community decide in neutral and unbiased ways.
How does EOS Alliance further bolster the vision of a decentralized crypto community?
By giving the community the tools it needs to communicate, coordinate and collaborate effectively.
Now EOS Alliance is independently funded. Can you elaborate on that?
The Alliance is funded by its founders and board for $1 million US for its first year of operation. The Alliance will neither seek nor accept funds from the EOS Mainnet’s WPS savings account.
How are the board members elected? Can you give a rundown of the election process and how often are these elections held?
The initial group of appointed board members will be replaced over the course of one year with elected members.
The current plan is that on a quarterly basis one or two Interim board members will be randomly selected for replacement by election until within 1 year all interim board members have been replaced with Community elected representatives serving staggered 3-year terms.
Now the EOS network has been expanding and growing at an impressive pace. Can you shed some light on what’s been driving the success of EOS?
Initially, it was the broad distribution of token holders around the globe, which created a large community interested in the project. Next, it was the Block Producers, who competed (and continue to compete) for votes by adding tools and other forms of value to the community. And in more recent months the ease of programming and the high throughput of the chain has attracted a growing number of distributed applications like IRYO to build on the EOS technology platform.
What, in your opinion, sets EOS apart from other blockchains? Do you think the EOS network is a better option to build apps on when compared with the Ethereum network?
Not better, but different. Each blockchain platform offers a different mix of features and a different performance envelope. As choices increase, applications will migrate to the platform that fits their needs. I think we’re already seeing more potentially world-changing DApps being created on EOS than have been created on Ethereum, however, this space is fast-moving, and new competitors are coming out every month.
Do you believe EOS has the potential to overtake Ethereum someday, in terms of value and popularity?
Potential is a pregnant word, full of possibilities. Every new blockchain platform has the potential to overtake Ethereum some day. It’s better to focus on serving customers, which for EOS means making a platform that is attractive to developers.
What do you believe is a major hurdle for networks to become fully decentralized? Do you think people are more open toward decentralized systems than partially decentralized systems, where some amount of power is controlled by certain individuals?
Decentralization is not a destination but a process, or a spectrum. People will ultimately move to the platforms that protect their interests the best and give them the best user experience. In that race, “decentralized” is just the beginning — people also need governance and productive developer experience.
There have been some concerns of voter collusion in the election process for EOS Block Producers. Do you believe the process is fair and transparent enough? Has the community raised such concerns and what has the EOS team tackled these issues?
There have been credible concerns raised about voter collusion and vote buying. In small amounts, these are merely an embarrassment, while in large amounts the result can be the destruction of all user value, as the chain devolves into a naked mechanism for extracting value rather than creating it. The Alliance is working actively with the community on multiple fronts to address this challenge.
What’s next for EOS Alliance? What can EOS users expect from this community-driven project?
The Alliance has been very successful at assisting the EOS Mainnet community to self-organize, communicate and coordinate. Users can expect more of the same. Every time any EOS based public network needs help, we’ll be there.
Is the EOS Alliance working on any major projects? What does its business plan look like for the next year?
We have several projects to increase our capacity. These include hiring more people (we have two full-time staff and half a dozen part-time staff), and creating new programs. One new program will be a membership that people and organizations can purchase, to support our work and to have a direct voice in overseeing the Alliance, and another will be sponsoring events.
What is your forecast for the world of blockchain for the next two years? Do you expect more acceptance in the mainstream?
I (Thomas) personally believe 2019 and 2020 will be notable for major inroads by blockchain technology into mainstream use. We’ll see easy-to-use, secure wallets in wider use, and people will be using blockchain-secured services without even knowing it.
What is your forecast for EOS in the same timeframe? Do you believe its decentralized model will bring it to the forefront in the world of blockchain?
The greatest power of the EOS community is the people. Our developers continue to come up with improvements and new ideas that we incorporate into the EOS Mainnet and into the increasing number of sister chains like ONO, Telos, Worbli, and others yet to come.