ClarionOS to hardfork EOS to snub controversial EOS.IO

Key Takeaways:

• Decentralized social media alternative ClarionOS will take over EOS.
• Why did EOS.IO fall from grace and what happened to its developer company Block.one?

YEREVAN (CoinChapter.com) – EOS, initially the native token of blockchain protocol EOS.IO, developed by Block.one is about to get a makeover by another company, communication platform ClarionOS, run by Dan Larimer, former CTO of EOS.IO.

ClarionOS to take over EOS?

In detail, Dan Larimer, a ‘serial’ blockchain entrepreneur and the co-founder of EOS.IO, left Block.one in Jan. 2021.

I will continue on my mission to create free market, voluntary solutions for securing life, liberty, property and justice for all. I do not know exactly what is next, but I am leaning toward building more censorship-resistant technologies.

said Mr. Larimer at the time.

Block.one confirmed the departure, saying the CTO “left to pursue new personal projects.” The entrepreneur revealed months later that the “new personal project” was ClarionOS, which will take over EOS.IO in May 2022, according to the roadmap.

Going forward, the Clarionos team will fork the EOSIO code repository into a new codebase which we have dubbed Mandel (short for Mandelbrot). The Mandel name is a placeholder until a broader consensus among all EOSIO powered blockchains can be reached.

clarified Mr. Larimer.

Also read: EOS drops 13% in two days as community halts Brock Pierce’s $250M takeover.

The announcement further specified that the first version of Mandel will be 3.0 and will be based on EOS.IO 2.0 while “cherry-picking” some of the most valuable enhancements from EOSIO 2.1 and a few from EOSIO 2.2.

Additionally, Mandel 3.0 will introduce two new hard-forks: Contract Pays and Enhanced Configurable Blockchain Params. Furthermore, it will “cherry-pick the Configurable WASM Limits hard-fork” from EOSIO 2.1.

As a result, the ClarionOS team plans to step away from EOS.IO gradually. However, to unravel the tangled EOS resurrection, it would be best to start in 2018.

Why did EOS.IO fall from grace?

In detail, EOS.IO is a blockchain-powered smart contracts protocol for the development, hosting, and execution of decentralized applications. It launched in June 2018 after a more than impressive initial coin offering (ICO) that raised over $4 billion, a yet unmatched result in blockchain history.

Moreover, EOS.IO supporters were betting on the protocol to become one of the most prominent Ethereum competitors. But all hell broke loose after the company was caught abusing its position. In detail, EOS Core Arbitration Forum (ECAF) moderator reversed transactions that had already been confirmed.

Also read: 3 reasons why Bitcoin bulls should wait for a dip toward $30K to buy BTC. 

The apparent move away from the promised decentralization ignited a massive backlash from the community.

These guys raised ($4 billion) to recreate the legal system using a token that is neither censorship resistant, nor immutable.

claimed a Reddit user at the time.

Moreover, developers accused the company of “virtual oligarchy” after voting trading began to surface.

In short, EOS.IO uses Delegated Proof of Stake (DPOS) consensus mechanism to validate transactions. It is a decentralized system where the validators base community decisions on coin holder votes. Thus, the concept of trading votes for monetary rewards became a threat to the initial promises of decentralization.

Also read: Verasity sees fake bearish signal as VRA drops 80% from its record highs — major rebound ahead?

Fast forward to 2022, the EOS community planned to weigh legal action against Block.one and sue the company for $4.1 billion, the same amount it raised in the ICO. So ClarionOS took over the project to further disenfranchise the EOS token from its parent Block.one.