MyEOSKit: a lot more than just an EOS wallet
MyEOSKit, created by one of the original top 21 block producers (BPs) of the EOS launch EOS Asia, has made the lives of EOS users a lot easier. The portal serves as a one-stop shop for everything EOS, according to the BP’s co-founder, Joseph Fanelli.
The portal can be used as a block explorer, a network monitor, and a voting tool for Block Producers. It can also be used to create accounts, manage vote proxies, bid on names in the auction market, and even as a wallet.
In an interview with BCFocus, Fanelli discussed how the portal came to be and what users can expect from MyEOSKit in the days to come.
“Our goal for this project is to reflect and exceed what MyEtherWallet is for Ethereum, given that EOS has way more features than Ethereum,” he said.
How is MyEOSKit different from MyEtherWallet?
First, let’s discuss what MyEtherWallet does. MyEtherWallet is an open source web application where users can store and send Ethereum and Ethereum-based coins. In this interface, users fully control their keys and funds.
MyEtherWallet allows users to generate Ethereum wallets and interact with their tokens. On the other hand, MyEOSKit has the additional feature of giving users the chance to utilize all functions available on EOS.
MyEOSKit also provides an efficient block explorer in the EOS ecosystem. “This is one of the many reasons we didn’t call it “MyEOSWallet” — it’s way more than that,” Fanelli pointed out.
It’s important to note that since the EOS mainchain was launched, MyEtherWallet has not been able to manage assets available in the network. Fanelli stressed that for now, the only complete solution to manage assets in the EOS network is MyEOSKit.
The team behind the portal, which has been live for over a month, has continuously added new features and account tools to the platform in response to user feedback.
EOS Asia and its journey to being an EOS BP
The team was elected as one of the top 21 BPs as part of the EOS launch, which made the team a part of the network’s governance. Simply put, the BPs are pretty much in charge of running the EOS blockchain.
Though initial voting ended in June, BPs can be voted in or out by the community at any time. Fanelli said it wasn’t easy to get voted as a BP, but it’s even harder to stay there.
“It demands a lot of responsibility and pressure. If a BP misses a block or has an API endpoint that’s resyncing, you first hear about it on Reddit. This level of scrutiny does spread awareness on who is the best BP…and who is not taking their job seriously,” he said.
Because of this scrutiny, the team set up a network monitor in MyEOSKit, which gives members a transparent view of the network.
Fanelli on EOS.IO version 1.1.0
Last month, the network developers launched EOS.IO version 1.1.0, which allows more scalable application development and support for infrastructure teams building on the blockchain.
“It will soon support hardware wallets and Macbooks Secure Enclave as a way to create EOS wallets,” Fanelli said.
He explained how BPs (including his team) are involved in the roll-out of new versions of the network. The BPs update all nodes as soon as a new version is released.
EOS already ahead of Ethereum in terms of tech
When asked if the new version would help EOS in overtaking Ethereum in terms of market cap, he said: “I believe every version will help EOS surpass Ethereum.”
He pointed out that in terms of pure technology, it is already ahead of Ethereum as it is more innovative. The network can handle thousands of transactions per second as opposed to Ethereum’s 30 transactions per second.
However, he added, “The fact is that Ethereum and EOS are two different platforms for two different kinds of users.”
What to expect from EOS Asia?
The team has many decentralized applications (DApps) in the pipeline. “What drives us is our common goal to make EOS the first blockchain to gain mainstream adoption,” Fanelli said.
For now, they are working on adding two of these apps to MyEOSKit. The first is a game inspired by CryptoKitties called EOS Gems. It allows players to trade, collect, mine and fuse gems to create new shapes and effects.
The second application – TXT (Traffic Exchange Token) – will target the $335 billion market for digital advertising. The app will reward users for viewing and engaging with advertisements.
“We are developing TXT to put the power of advertising back in the hands of the user, increasing profits from ad spend by removing middlemen, and eliminating fraudulent bot traffic altogether,” he added.
The team plans to airdrop EOS Gems and TXT tokens to EOS holders this year.
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