EOS Eco Development Weekly Reports| 07.28-08.03

We will summarize the key information of EOS eco development in the past week from six aspects: hot news, tech project progress, authority views, DAPP eco, EOSUnion development and EOSUnion observation.

Part1 Hot News

1. 【EOS Mainnet Refresh TPS All-time High】
   This week, the EOS main network's transactions per second (TPS) reached a new high of 3,590 TPS, making it the fastest blockchain technology platform.

2. 【EOS leads in the global public chain technology evaluation index of CCID】
   Recently, the CCID Global Public Chain Technology Evaluation Index (No. 3) was officially released in Beijing. The results show that EOS's technical evaluation index is 145.6, ranking first on the list. Ethereum continued to take second place with a combined score of 137.3. The public chain of the 3rd to 5th evaluation index is followed by the Nebula chain（NAS）, the GXChain, and NEO. The Bitcoin public chain technology evaluation index was 93.4, ranking 16th on the list, up one place from the previous period.

3. 【The EOS token contract upgrade proposal has been approved】
   On August 2nd, 16 BPs have voted to approve the upgrade proposal of the EOS token contract, the Proposal has been approved, there will be a few material changes regarding EOS token contract upgrade:
   a) If the receiver of funds authorizes a transfer then it can and will be charged the ram to create the balance if it didn't exist
   b) No longer automatically delete the balance in the database when it reaches 0
   c) Added an additional action to delete the balance in the database if it is 0
   d) In combination with the approved EOS system contract update, this will help fix the current sell ram problem (see the issue) when the seller doesn't have any tokens and the ram contract is out of RAM.
   e) Retire function - It allows the issuer of a token to remove tokens from circulation. The tokens must be owned by the issuer at the time they are retired. So it does not allow an issuer to retire tokens out of other people's wallets

Part2 Tech Project Progress

1. 【EOSIO 1.1.2 Released】
   EOSIO has been updated to version 1.1.2. With the new version, some non-critical security features have been updated, bugs have been fixed, and minor improvements have been made. Bug Fixes and Minor Improvements: renamed LICENSE.txt to LICENSE; added warning/correction when implicitly installing to system-wide paths; better discovery of core CPU count during build; removal of duplicated block signature check; improved installation of binaries and contract dev dependencies; Non-Critical Security Updates; Optimize block_status tracking in bnet_plugin and so on.

2. 【ITAM Network：Optimization of RAM Usage for DAPPs】
   Yesterday, ITAM Network published an article in Medium， gave some methods to optimize RAM usage for DAPPs. According to the Article, Ram is used mainly for 2 reasons: 1. When uploading a smart contract 2. When saving data using the smart contract’s Table.
   The article gives an example to show that if we don’t use TABLE, but use the remaining data of the Block after execution the smart contract’s action, we can minimize the TABLE’s RAM usage.
   There are three things to consider: 1. EOS Full node / demux-js; 2. Smart Contract Design; 3. Business Model.

3. 【Introducing Demux — Deterministic Databases Off-Chain Verified by the EOSIO】
   EOSIO Introduced Demux in Medium today. It’s a new open-source development tool for the EOSIO community that simplifies complex DAPP development.Demux enables the best of both worlds: the flexibility and speed of traditional databases, coupled with the trust and immutable properties of a blockchain.

4. 【EOS NewYork introduce www.EOSSnapshots.io】
   EOS New York sent a Medium Post “Snapshots As A Service: Airdrops for All” today, offered EOSSnapshots.io to the developer community, the only tool currently available that provides a daily snapshot of every account and corresponding token balance on the EOS Mainnet blockchain.This Tool Is Accurate，and This Tool Is Open Source. EOS New York aims to position the EOS Mainnet as the most attractive DAPP platform to developers on Earth.

Part3 Authority View

1. 【BM：Net and CPU for rent】
   This week, BM (Daniel Larimer) spoke in the EOS telegram, which mainly has the following contents:
2. Regarding the expansion of 1.5G RAM, BM indicates that it is irrevocable, because reducing the RAM supply is a violation of the rules, and the market performance has already fixed it;
3. Regarding the question upon the CPU Token, BM responded that CPU was not tokenizing, but renting, and said about create a market to buy or sell right to receive 30-day delegation. And Net and CPU for rent.
4. BM published the article " Proposal for EOS Resource Renting & Rent Distribution " on Medium, and proposed REX and SEOS (staked EOS) to solve EOS resource problems. BM also interpreted the two new concepts REX and SEOS in the Telegram group. The contents are as follows:
   
   (Note: This photo is from EOS Weekly)

a. REX: EOS holders "own" resources, they lend resources to REX to get income, the resources here can be CPU or NET; REX = share of staked EOS + fees, holding EOS and not putting them in the REX is like owning a house and not living in it or renting it out, REX == more EOS over time;
b. SEOS: SEOS is for short-term speculation on changes in demand for 30-day rental contracts, SEOS is what is bought by renters and can be converted to delegated NET and CPU, Used by the renter to pay for rent; SEOS is transferable, speculators buying/trading represents extra source of rental income, SEOS = sold 30day delegation contract(i.e., Depreciating Right to Stake for 30 days), and SEOS = less EOS over time.
view more info:https://medium.com/@bytemaster/proposal-for-eos-resource-renting-rent-distribution-9afe8fb3883a

1. 【BB: EOS is not currency; its a rapidly evolving competitive decentralized organization. He also expressed optimism.】
   EOS CEO BB (Brendan Blumer), said in Weibo and Twitter that, EOS is not a currency, but a rapidly degenerating competitive decentralized organization, and expressed the importance of optimism. He said: We agree and are planning to make an adjustment to return all EOS network fees to EOS voters, and in addition to RAM transactions and name auctions, as the network adds more services, it will further increase voting incentives. And said: We recommend canceling the 4% inflation rate assigned to the Workers Proposal Fund and allocating network transaction fees to EOS voters, which is enough to offset the inflation costs of running the network and grow as more services increase.

2. 【Thomas Cox comments】
   Thomas Cox commented in Telegram:

3. He proposed a per diem for BPs being on standby at 50 tokens/ day, added on to their vote pay. It would be flat, like block producing pay is.

4. The future of blockchain is real, he belives we already have all the conditions necessary for blockchain governance, and we should do our best at the moment;

5. Some people questioned that the current EOS governance is chaotic, Thomas responded, any overloaded system is the case, EOS main network has been much better than Ethereum and Bitcoin had been before.

6. Regarding the validity of arbitration, he said,how can arbitration be valid if arbitrators aren't approved by the community? Can't launch a governed blockchain without a Constitution, but how is the Constitution valid without ratification? Can't have a referendum without a blockchain to hold it on, but can't run the blockchain without a referendum. With the Problem, he provided two solutions: 1. interim Constitution& interim arbitration. 2. Lean on the "only default settings provided, the community must own governance".

Part4 DAPP Eco

1. 【EOSWeekly count down TOP 10 Most Unique BP Projects】
   EOSWeekly count down TOP 10 Most Unique BP Projects：1）CHINTAI; 2）EOSFINEX; 3）TRAFFIC EXCHANGE TOKEN; 4）EOS DAC; 5）Telos; 6）Hirevibes; 7）EOS Bridge Wallet; 8）CyperGlass; 9）PROJECTGIS; 10）TradeStuff;

2. 【#BuiltOnEOSIO: Everipedia’s Marriage of Brainpower and Blockchain】
   Launched in 2015, Everipedia — which presents itself as a decentralized version of Wikipedia. #BuildOnEOSIO dedicates to sharing the outstanding projects being built on the EOSIO platform to the community.
   Significantly, building on EOSIO means Everipedia content will be distributed among nodes around the world, rather than living on a centralized server. A live bot already forks English-language Wikipedia articles for the site. The blockchain will make those articles — along with others written by Everipedia’s own editors — unmodifiable except by consensus, and effectively un-censorable by autocratic governments.

Part5 EOSUnion Developments

1. 【EOSUnion: held the " Global EOS Eco Summit" Successfully】
   On July 29, 2018, the EOS Global Ecology Summit, hosted by the EOSUnion with the theme “Path to DAPP Prosperity”, was successfully held in Shenzhen. The 20+ EOS authorities brought wonderful sharing from a number of unique and novel perspectives. They introduced DAPP's advantages and future development prospects in detail, and showed some high-quality DAPP to help BPs and Deves to form the development and layout of DAPP in the future. The Summit gathered more than 300 EOS enthusiasts to witness the history of DAPP and look forward to the bright future of DAPP.
2. 【TokenPocket: Opened the DAPP audit online channel for developers】
   TokenPocket recently launched the first universal development tool SDK to fully support EOS, ETH and MOAC platforms. The new version of the wallet has opened the Deve mode entrance, add a custom URL to debug. Since the launch of the universal SDK development platform, the official community has received a lot of attention and problems from community developers. In order to improve the quality of online DAPPs, the third-party DAPP audit online channel is now open.

Part6 EOSUnion Observation

This week, the EOS market continued to be sluggish. Compared with the peak period, the price has shrunk by 60%. People who have invested in EOS were not so optimistic to EOS as before.

There are two main reasons for this. First, there is a serious capital loss in the field, and there is no new inflow outside the market. Therefore, most of the mainstream currencies are on the downside. It’s normal that EOS falls with the general trend. On the other hand, currently there are no large-scale EOS related applications, and no real results are placed in front of users.

However, the EOSUnion is optimistic about EOS. On the one hand, EOS performance continues to improve, and on the other hand, new applications and technology platforms are emerging. But we also need to realize that the development of EOS must not rely solely on the concept of marketing, because it is impossible for everyone to go with it. Therefore, the EOSUnion will work with everyone in the community to do some real things, including community services, DAPP incubation, etc., to bring more users, and more development power to EOS.

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