{"id":759,"date":"2020-06-13T14:04:04","date_gmt":"2020-06-13T11:04:04","guid":{"rendered":"https:\/\/esatoshi.club\/?p=759"},"modified":"2020-08-02T16:27:22","modified_gmt":"2020-08-02T13:27:22","slug":"satoshi-club-x-eos-ama-recap-from-june-8","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2020\/06\/13\/satoshi-club-x-eos-ama-recap-from-june-8\/","title":{"rendered":"Satoshi Club x EOS AMA Recap from June 8"},"content":{"rendered":"\n<p>On June 8 one of the best AMAs took place in\nour <a href=\"https:\/\/t.me\/Satoshi_club\">Satoshi Club<\/a> group. Over the course of almost 2 hours, our\n<a href=\"https:\/\/t.me\/EOSNation\">EOS Nation<\/a> friends shared as much information with our\ncommunity as possible. Our guest was Yves La Rose -CEO-. It was a very pleasant\ntime, we met about one of the most recognized crypto projects of the moment.<\/p>\n\n\n\n<p>In this AMA Recap we are trying to summarize some of the most interesting points for you.<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-dots\"\/>\n\n\n\n<p><strong>PART 1, INTRODUCTION AND COMMUNITY QUESTIONS<\/strong><\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>Dear community, today we will have an AMA with\none of the best crypto projects: EOS &#8211; number 9 on CMC at the moment. <a href=\"https:\/\/t.me\/YvesLaRose\">@YvesLaRose<\/a> is the CEO of EOS nation and will be our\nguest today. Welcome!<\/p>\n\n\n\n<p><strong>Irina Kravchuk | SatoshiClub: <\/strong>Hi<a href=\"https:\/\/t.me\/YvesLaRose\">@YvesLaRose<\/a>, nice to meet you.<\/p>\n\n\n\n<p><strong>Yves La Rose \u2013\nEOS Nation:<\/strong> Hi! Nice to meet\neveryone here, thank you for the invitation.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>We are glad to have you here \ud83d\ude42 Please tell us\na bit about yourself \ud83d\ude42<\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation:<\/strong> I am Yves La Rose, co-founder and CEO of EOS\nNation. EOS Nation is a Block Producer on the EOS Mainnet, currently ranked 1st\nglobally.<\/p>\n\n\n\n<p>EOS Nation was founded by seven self-funded\nindividuals located across North America. We consistently contribute time and\nresources across the entire EOS ecosystem, while demonstrating our commitment\nand technical ability by providing reliable infrastructure and spreading\nworldwide awareness and education. We have been active since well before the\nMainnet launch and have grown a network of communities around the globe lead by\nover 15 local EOS Nation Ambassadors, each linked together under the common\nvision of spreading EOS adoption through education.<\/p>\n\n\n\n<p>Myself, I began my journey into computers at a\nvery young age, building my first computer at 6 years old and programming my\nfirst game at the age of 7. I has always had a deep ideological relationship\nwith computers and their role in decentralization and so I began my university\nstudies in software engineering, but quickly realized the human aspect was\nwhere my heart resided. After completing studies in psychology and pure\nsciences, I bridged the gap by focusing on perceptual and computational\nneuropsychology.<\/p>\n\n\n\n<p>On the crypto front, after starting to mine\nBitcoin in 2010, I eventually realized that Proof of Work would not be able to\nprovide me with the decentralization dream I was so fond of and so I forgot\nabout Bitcoin for a few years until I co-founded a crypto education group in\n2016. And then in February 2018 I created EOS Nation!<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Why\ndo you say that? Because the mining is concentrated in a few big groups? Or\nbecause of the technology behind BTC?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>At\nthe time mining pools were not existing yet. So you have to position yourself\nback when there was a shift from truly one person mining to mass pool mining\nwith the advent of the first mass produced miners. I could literally mine\nthousands of BTC on my laptop.<\/p>\n\n\n\n<p><strong>Serg\n| Satoshi Club: <\/strong>yes, we all\nhave this thought.<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>I\nknew that my personal computer would no longer be able to have the same impact\nas it did when I started. BTC was also not what it is today, different time,\ndifferent place. Easy to look back in retrospect. \ud83d\ude1b<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Any\nlost HDD?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>One\nbroken and thrown out, yes.<\/p>\n\n\n\n<p><strong>Serg\n| Satoshi Club: <\/strong>Indeed \ud83d\ude42\nWe&#8217;ve collected almost 300 questions from the community through our website. We\nselected 5 to be discussed. Are you ready to start?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>Let&#8217;s\ndo this!<\/p>\n\n\n\n<p><strong>Q1 from Telegram user @iulya_i<\/strong><\/p>\n\n\n\n<p><em>DeFi is the trend in crypto nowadays\nand I think that we can add gaming as well. Can you tell us what are the EOS\nplans regarding DeFi?<\/em><\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>The\nfoundational tools for DeFi are being built at an ever-increasing pace in order\nto be there when the flood gates open. I expect to see a significant influx of\ntraditional money flow into the ecosystem in the coming months as people start\nto realize the machine can&#8217;t go brrrrrr forever.<\/p>\n\n\n\n<p>The trustless, transparent, and immutable\nnature of blockchains combined with their capacities to be programmed to\ntrigger functionalities based on a set of pre-defined conditions are ideal for\nDeFi. At the protocol level, this enhances security and reduces the cost of\ndoing business. EOS as a blockchain is well positioned to accommodate the DeFi\nneeds due to its massive performance capability.<\/p>\n\n\n\n<p>We see that traditional financial services\nrequires a lot of throughput capability to be able to perform efficiently and\nproperly. Think back at the MAKER problem a month or so ago. If the blockchain\nisn&#8217;t fast enough to react to big movements, it isn&#8217;t ready for prime-time. During\nthis same crash, EOS based DeFi products did extremely well under pressure as\nthey are capable of 0.5ms changes, reacting to the external changes instantly.<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Can\nyou tell us about some DeFi projects currently building their infrastructure on\ntop of EOS?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>EOS\nhas an ever growing list of DeFi products, such as EOSDT, an\nover-collateralized stable coin (like MAKER). Major differences are in the pace\nat which the oracles are capable of adjusting to price movements, as well as\nthe underlying permission structures found natively on EOS.<\/p>\n\n\n\n<p><strong>Serg\n| Satoshi Club: <\/strong>So, the\nproblem then was in the ETH blockchain? not because of the developers who\ncreated that specific DeFi system?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>Unfortunately,\nETH was created at a time where blockchain capabilities were limited in terms\nof transaction per second. You also have GAS fees which truly impede any real\nDeFi products. There is no way you can do arbitrage on chain with GAS fees. And\nwith throughput limitations of 18-20 tx\/sec, you also see it&#8217;s not possible to\nhave mass adoption of DeFi.<\/p>\n\n\n\n<p>EOS on average does 100-150M actions per 24\nhr&#8230;. That&#8217;s roughly the same amount that BTC does in ONE FULL year!<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Yeah,\nthis is like dialup internet, in the old days.<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>Good\ncomparison! It&#8217;s not that dial-up was bad, it was amazing. But as time goes by\nnewer technology comes out. None of us would likely be here if it weren&#8217;t for\nBTC and ETH &#8211; they are amazing projects.<\/p>\n\n\n\n<p>At EOS Nation we also have a variety of DeFi\ntools, such as <a href=\"https:\/\/xnation.io\/\">xnation.io<\/a>. A lot of the tools are foundational in\nnature as we are still laying the groundworks for a full DeFi ecosystem.<\/p>\n\n\n\n<p>Blockchain DeFi as a whole is still very much in its infancy stage, but IMO, is set to explode in 2020 and 2021. Hence ensuring all is ready for when it does. I would say DeFi is one of the, if not the, most important movements we will see in this space. <a href=\"https:\/\/eosdt.com\/en\">https:\/\/eosdt.com\/en<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/eos-article-1024x438.png\" alt=\"\" class=\"wp-image-761\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-1024x438.png 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-300x128.png 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-768x328.png 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption>Decentralized stable currency on EOS <\/figcaption><\/figure>\n\n\n\n<p><strong>Q2 from Telegram user @ion_nenescu<\/strong><\/p>\n\n\n\n<p><em>I am a developer. I\u2019ve created on\nEthereum but I am interested to do something on EOSIO. I usually develop games.\nCan you tell me what requirements are there? What language is there? Is there\nany guidance?<\/em><\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>Recently\n<a href=\"https:\/\/block.one\/\">Block.one<\/a>, the company that develops EOSIO, the\nsoftware powering EOS, awarded a $200,000 USD prize to one of our colleagues\nfor having developed an Ethereum virtual machine inside the EOSIO WASM virtual\nmachine! <a href=\"https:\/\/devpost.com\/software\/eosio-evm-2timop\">https:\/\/devpost.com\/software\/eosio-evm-2timop<\/a>.<\/p>\n\n\n\n<p>EOSIO is coded in C++, so there is no Solidity\ntype language to learn. But with this recent prize, you don&#8217;t even need to\nlearn anything new if you&#8217;ve already coded a project on Ethereum. As a\ndeveloper, you can write your code in Solidity, compile it and deploy it\ndirectly on the eosio.evm contract.<\/p>\n\n\n\n<p><strong>Serg\n| Satoshi Club: <\/strong>Can you tell\nus more about the Ethereum virtual machine inside the EOSIO WASM virtual\nmachine?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>One\nof the use-cases for this is for developers that are looking to upgrade from\nthe Ethereum blockchain to overcome limitations with gas fees, block times and\nother roadblocks. They can take their solidity code that they have spent\nconsiderable time and money developing, and deploy it on EOS with no\nmodifications.<\/p>\n\n\n\n<p>All developers can come and check this website\nwhich has A TON of information on how to get started on EOSIO. <a href=\"https:\/\/developers.eos.io\/\">https:\/\/developers.eos.io\/<\/a>.<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>and\nare people using this feature?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>It\nliterally got released two weeks ago! A lot of our developers started off in\nEthereum, so it was important to have a transition piece to facilitate\nmovement.<\/p>\n\n\n\n<p>ETH still has the lion&#8217;s share of products,\nbut unfortunately is built on a soft foundation that is limited in scalability.\nThis enables developers to continue working on their projects instead of\nstarting from scratch. Leveraging EOSIO is just the smart move once you\nunderstand you aren&#8217;t limited anymore<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Thank\nyou. I&#8217;m sure all the developers that see this are tempted to try it.<\/p>\n\n\n\n<p><strong>Q3 from Telegram user @bitociok<\/strong><\/p>\n\n\n\n<p><em>Please update us regarding the EOS\nadoption: how many apps are built on EOS? How many users are using those apps?\nWhat is the number of active EOS wallets and what is the growth rate?<\/em><\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>To\nset the tone and give a good overview that really answers this question, I\ninvite you to check blockchain stats on Block&#8217;tivity. <a href=\"https:\/\/blocktivity.info\/\">https:\/\/blocktivity.info\/<\/a>.<\/p>\n\n\n\n<p>BY FAR you can see that EOS is capable of and\ncurrently serving more activity than all other blockchains COMBINED! Having\nlaunched in the &#8220;blockchain 3.0&#8221; era, EOS benefited from technology\nthat was capable of scaling to new never seen heights. This really was the\nfocus of the developer teams at <a href=\"https:\/\/block.one\/\">Block.one<\/a>.<\/p>\n\n\n\n<p>For a mostly complete full list of dApps built on EOS, please check out DappRadar. <a href=\"https:\/\/dappradar.com\/\">https:\/\/dappradar.com\/<\/a>. Here you can see daily activity broken down by dApp, with all the additional informaiton you might be looking for. In terms of wallets, there are plenty (10+) depending on your preference (i.e. desktop VS mobile). I personally use Anchor built by our good friends at Greymass. <a href=\"https:\/\/greymass.com\/en\/blog\/anchor-an-eosio-wallet-and-authenticator\/\">https:\/\/greymass.com\/en\/blog\/anchor-an-eosio-wallet-and-authenticator\/<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"674\" src=\"https:\/\/esatoshi.club\/wp-content\/uploads\/eos-article-2-1024x674.png\" alt=\"\" class=\"wp-image-762\" srcset=\"https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-2-1024x674.png 1024w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-2-300x197.png 300w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-2-768x505.png 768w, https:\/\/satoshi-club.esipick.com\/wp-content\/uploads\/eos-article-2.png 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption><em>EOS on Anchor Wallet<\/em><\/figcaption><\/figure>\n\n\n\n<p><strong>Serg\n| Satoshi Club: <\/strong>Crypto\nDynasty has the first place related to the number of users.<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>It&#8217;s\neasy to use and has all the features you could want in one location. <\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>So\nif CryptoKitties were to run on EOS, bottleneck wouldn&#8217;t be a problem?<\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation: <\/strong>Lol, no. We run Cryptokitties several thousand times\nover, daily.<\/p>\n\n\n\n<p>In March we decided to see how far we could go\nand we did 150M actions in one day on the LIVE chain &#8211; that&#8217;s as much as\nEthereum does in one year. We weren&#8217;t even at 50% capacity of the chain.<\/p>\n\n\n\n<p>Apples to oranges obviously. But it shows how\nfar blockchain technology has come since ETH was launched in 2015. Think back\nat when you got broadband internet for the first time, it was just night and\nday or the first time you watched a Blu-Ray movie. You just can&#8217;t compare.<\/p>\n\n\n\n<p><strong>Q4 from Telegram user @clara_eriksen<\/strong><\/p>\n\n\n\n<p><em>Everyone is talking about adoption and\nmaking cryptocurrencies as simple for a usual person as possible. We all know\nabout the recent story with JK Rowling \ud83d\ude42 How would you explain EOS to a usual\nperson who is not familiar with Blockchain?<\/em><\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>I\nthink this is one of the most important questions because this really is a\nchallenge that all blockchain projects face. It&#8217;s easy to go back and forth\nbetween projects within the space and say why one is better at a particular proposition,\nbut in the end for this to really succeed we need adoption globally outside of\nthe developer and tech group. That means people like my mom! People who simply\nwant to play their games, use their application, and really have no need to\nknow what the tech stack in the back looks like. My mom has no idea how WiFi\nworks, what HTTPS is, and nor should she!<\/p>\n\n\n\n<p>If we want this to reach people like JK\nRowlings we need to abstract away blockchain from it &#8211; essentially, we\nshouldn&#8217;t even be focusing on what the products are running on. The product\nshould be the focus. The offering and the functionalities that blockchains\nbring should remain hidden for the average user. My mom should likely never\nhave to touch her private keys, nor even know what a private key is. How often\ndoes your mom ask you whether your website or application runs on HTTP, HTTPS\nor HTTP2S? She doesn&#8217;t, because it&#8217;s not relevant to her. In EOS, due to the\ninherent capabilities of the smart contracts and native permission sets, we&#8217;ve\nbeen able to create products such as LiquidApps.<\/p>\n\n\n\n<p>This product enables develops to abstract away\n&#8220;blockchain&#8221; complexities from developers and users. So for example,\nyou can log in to a game and play a game without creating an EOS account,\nwithout knowing you&#8217;re even using the EOS blockchain &#8211; but in the background\nyou are, and the funds are being settled on EOS. There are account recovery\nmechanisms built within the application you are using, and leveraging things\nlike WebAuthn, you are able to have your private key literally at your\nfingertips. So for the end user, the person simply uses an app like any other!\nThat&#8217;s what we need for my mom&#8230; nothing complicated, nothing that even\nmentions blockchain &#8211; that is for the power users and the developers. <\/p>\n\n\n\n<p>So to answer the question I would say\n&#8220;For this to reach mass adoption we shouldn&#8217;t have to explain\nblockchain&#8221;. And EOS will be the tech stack powering everything you use,\nwithout you needing to know about it!<\/p>\n\n\n\n<p><strong>Q5 from Telegram user @tirrand<\/strong><\/p>\n\n\n\n<p><em>One of EOS strong points is its\nscalability. But we know that there are other blockchain projects who developed\nvery scalable blockchains as well. What is EOS advantage compared to them?<\/em><\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>Well,\nto put it simply, it works and it&#8217;s live. We hear of many other projects,\nclaiming to be scalable and claiming to be able to accommodate a lot of\nthroughput, but that&#8217;s all theoretical and not live. EOS is here today, it&#8217;s\nlive, it works, it&#8217;s capable of massive throughput and is backed by the single\nlargest ICO in history. The amount of innovation and code that is coming out of\nEOS is insane!<\/p>\n\n\n\n<p>The EOS token is essentially your gateway into\nEOS as it&#8217;s a representation of the resources available on the network. As\nnetwork resources become used the value of the token increases as the\nrepresentation is one of utility. We see more and more large enterprises choose\nEOS as their blockchain of choice as they realize it&#8217;s the only project that\ncan actually accommodate projects of scale. We also see that the foundations\n(i.e. the rails, the connectors) are becoming more and more meshed where the\necosystem is like a giant building block of legos all interconnected to meet\nthe specific needs of the stakeholders.<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Can\nyou name a few large projects\/ enterprises?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>Sure,\nfor example one of the largest accounting firms in the world, Grant Thornton\nrecently moved to EOS. <a href=\"https:\/\/cointelegraph.com\/news\/grant-thornton-moves-intercompany-transactions-to-eosio\">https:\/\/cointelegraph.com\/news\/grant-thornton-moves-intercompany-transactions-to-eosio<\/a>.<\/p>\n\n\n\n<p>Going back to DeFi &#8211; this is the type of\nprogress we are seeing. Traditional financial institutions recognizing the need\nfor blockchain, and the need for EOS in the backend.<\/p>\n\n\n\n<p>China, the country, even chose EOS for its\nNational Blockchain Service Network. <a href=\"https:\/\/www.eosgo.io\/news\/china-launching-bsn-eos-included\">https:\/\/www.eosgo.io\/news\/china-launching-bsn-eos-included<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img src=\"\" alt=\"\"\/><\/figure>\n\n\n\n<p>Talking\nabout Chinese National Blockchain Platform<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>Do\nyou have a sales team that is trying to communicate the advantages to companies\nlike this?<\/p>\n\n\n\n<p><strong>Yves\nLa Rose \u2013 EOS Nation: <\/strong>As\nEOS is truly decentralized, there is no &#8220;central authority&#8221; that\ncoordinates marketing (i.e Bitcoin foundation or Consensys). We are in the\nmists of creating a similar Foundation, but one that is decentralized and ever\nchanging, leveraging the permission sets I keep referring to.<\/p>\n\n\n\n<p>At EOS Nation we publish a weekly communique,\ncalled the Hot Sauce &#8211; you can consume it in text, video or audio format, and\nit gives you a full overview of all that is happening in EOS. <a href=\"https:\/\/eosnation.io\/blog\/\">https:\/\/eosnation.io\/blog\/<\/a>, <a href=\"https:\/\/www.youtube.com\/channel\/UCXgAY9DyooykrubRXw3xK1g\">https:\/\/www.youtube.com\/channel\/UCXgAY9DyooykrubRXw3xK1g<\/a>, <a href=\"https:\/\/soundcloud.com\/eosnation\">https:\/\/soundcloud.com\/eosnation<\/a>.<\/p>\n\n\n\n<p>Just at EOS Nation we reach more than 200,000\nsubscribers weekly<\/p>\n\n\n\n<p><strong>Irina\nKravchuk | SatoshiClub: <\/strong>You\nhave a very diligent community it seems.<\/p>\n\n\n\n<p><strong>PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n<p>The chat was open for 2 minutes and a lot of\nquestions were posted by the Satoshi Club community. Our guest chose five of\nthem. <\/p>\n\n\n\n<p><strong>Q1 from Telegram User @Nickkiii<\/strong><\/p>\n\n\n\n<p><em>If voice gets millions of users and\nwhen they make millions of transactions, will EOS be able handle the large\nnumber of transactions?<\/em><\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation: <\/strong>Yes, this is one of the reason why we have\nbeen stress testing the network over the past few months. All the block\nproducers have investing a significant amount of capital into ensuring their\ninfrastructure is ready and capable of handling the requirements to run such a\nhuge application. As I mentioned earlier, EOS is now capable of handling over\n250M daily actions if we were to have that need. This is without any additional\nchanges, and without even reaching out limits. Just think about that in\ncomparison to anything else that is currently on the market &#8211; it&#8217;s insane!<\/p>\n\n\n\n<p><strong>Q2 from Telegram User @Dreed_D<\/strong><\/p>\n\n\n\n<p><em>You are an established and well-known\ncompany? So why you need to do AMA? We really curious to know that what is the\nmain purpose behind that?<\/em><\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation: <\/strong>It&#8217;s important for me to reach out to the\ncommunity, taking the time to answer questions and engage. I find that AMAs are\na great way to keep grounded and know what EOS Nation should be focused on. The\nbigger we get, the more important I think it is for us to keep this connection.\nTo give you an idea, I travelled over 150,000 KMs last year, and events like\nthese is something that I prioritize wherever I am around the globe. EOS Nation\nin 2018 did over 135 meetups worldwide!<\/p>\n\n\n\n<p><strong>Q3 from Telegram User @Nuhollic<\/strong><\/p>\n\n\n\n<p><em>How was the Grants program created,\nwhich you plan to finance future projects using EOSIO community members and the\nprotocol?<\/em><\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation: <\/strong>Last week Block.one awarded 34 grants to\ndevelopers around the world, on top of the $200,000 prize to develop the EVM\nfor ETH, and the $100,000 hackathon prize pool which will be released to the\nwinner on June 12th. <\/p>\n\n\n\n<p><a href=\"https:\/\/eos.io\/news\/blockone-announces-eos-vc-grants-recipients\/\"><strong>https:\/\/eos.io\/news\/blockone-announces-eos-vc-grants-recipients\/<\/strong><\/a><strong>.\n<\/strong><a href=\"https:\/\/eos.io\/news\/eosio-challenge-promotes-blockchain-interoperability\/\"><strong>https:\/\/eos.io\/news\/eosio-challenge-promotes-blockchain-interoperability\/<\/strong><\/a><strong>.\n<\/strong><a href=\"https:\/\/eos.io\/news\/eosio-virtual-hackathon-begins-today\/\"><strong>https:\/\/eos.io\/news\/eosio-virtual-hackathon-begins-today\/<\/strong><\/a><strong>.\n<\/strong><\/p>\n\n\n\n<p><strong>Q4 from Telegram User @LLeeKuanYew<\/strong><\/p>\n\n\n\n<p><em>Whats the difference between voting\nand staking? I understand EOS holders can vote for 30 BPs. But when it comes to\nstaking the EOS tokens with a BP or another party to earn a profit share etc,\nis that different from voting? how does that work?<\/em><\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation: <\/strong>Yes, in EOS you secure the network by voting\nfor the block producers that you believe best represent your interests. EOS\nNation currently sits in 1st position globally thanks to all of our supporters\nwho recognize the work that we bring to the ecosystem. This system is the\nDelegated Proof of Stake (DPoS) consensus mechanism which is the base of EOS.\nToken holders are also capable of earning interest on their assets by staking\nto a proxy pool, such as ours. <a href=\"https:\/\/proxy.eosnation.io\/\">https:\/\/proxy.eosnation.io\/<\/a>.<\/p>\n\n\n\n<p>By staking to a pool you earn rewards while\nsecuring the network. As this is done on the protocol level, your tokens are\nnever &#8220;sent&#8221; anywhere. The vote function is what is leveraged, so you\nalways retain ownership of your tokens, your keys, and the capability to move\nand do anything you want with your token instantly.<\/p>\n\n\n\n<p><strong>Q5 from Telegram User @Rmitch<\/strong><\/p>\n\n\n\n<p><em>There we see many projects that claims\nthey are fully Decentralized. But they done their work in a Centralized way.\nHow can we sure that EOS is fully Decentralized? Can you please tell us what&#8217;s\nEOS working method?<\/em><\/p>\n\n\n\n<p><strong>Yves La Rose \u2013 EOS Nation: <\/strong>That&#8217;s a good question. Decentralization isn&#8217;t\nan all or nothing thing &#8211; it&#8217;s very much a spectrum is ever changing, never\nstatic.<\/p>\n\n\n\n<p>In EOS we leverage the DPoS consensus\nmechanism that I mentioned above. The more token you have, the larger you say\nin the network and who gets to secure the network. This is very much based on\nthe &#8220;skin in the game&#8221; principle. As anyone can change their vote any\nany time, and as often as they wish, we see that the network validators change\nand adapt to the wish of the token holders, increasing the security of the\nnetwork and remaining ever decentralized. If we go back over time in EOS, we\ncan see that the Block Producers have changed over and over multiple times as\nthe token holders determine who is best, and what is most important to them as\nthe network grows and the external variables change as well.<\/p>\n\n\n\n<p>EOS Nation currently sits in 1st position, but\nthis was not always the case, and will likely not be the case eternally either.\nThe incentive mechanism in EOS ensure that the token holders always stay in\ncontrol and that the alignment of those securing the network, and those with\nstake in the network, always move in the same direction. It&#8217;s evergreen.<\/p>\n\n\n\n<p>Each block producer is independent and cannot\ncontrol the network. Any modification to be made to EOS requires at least 15\nhour of the top 21 block producers to agree on the change and approve the\nchange on the chain. We have seen many changes proposed and approved, as well\nas many proposed and rejected. And each time we have seen token holders in\ncontrol as they shift their votes should the network not be heading in the\ndirection the deem best. This middle ground is where EOS believes it\u2019s found a\nworkable space within the decentralization spectrum. It enables EOS to be fast\nand adaptable, while remaining secure and performant.<\/p>\n\n\n\n<p>I invite you all to earn dividends on your\ntokens if you aren&#8217;t already doing so. This helps you beat inflation passively\n&#8211; it&#8217;s a no-brainer. I invite everyone to join us in our EOS Nation telegram\ngroup to continue this discussion &#8211; we will gladly answer any questions you may\nhave. <a href=\"https:\/\/t.me\/EOSNation\">https:\/\/t.me\/EOSNation<\/a>.<\/p>\n\n\n\n<p>I want to thank the organizers for inviting me\n<a href=\"https:\/\/t.me\/sspurss\">@sspurss<\/a> <a href=\"https:\/\/t.me\/iri_kravchuk\">@iri_kravchuk<\/a> &#8211; I had a lot of fun and can see that you\nhave a really engaged community!<\/p>\n\n\n\n<p><strong>Irina Kravchuk | SatoshiClub:<\/strong> Thanks <a href=\"https:\/\/t.me\/YvesLaRose\">@YvesLaRose<\/a> for your time and answers.<\/p>\n\n\n\n<p><strong>Serg | Satoshi Club: <\/strong>Thank you for being here with us today \ud83d\ude42 It\nwas our pleasure.<\/p>\n\n\n\n<p><strong>PART 3, QUIZ AND INFO<\/strong><\/p>\n\n\n\n<p>As usual, for the third part, Satoshi Club Team asked the chat 4\nquestions about EOS. A link to a Quiz form were sent into the chat.\nParticipants had 10 minutes to answer.<\/p>\n\n\n\n<p>20 users with correct answers were rewarded.<\/p>\n\n\n\n<p><strong>For more information\nand future AMAs, join our Social Media channels: <\/strong><\/p>\n\n\n\n<p>English Telegram group: <a href=\"https:\/\/t.me\/Satoshi_club\">https:\/\/t.me\/Satoshi_club<\/a> <\/p>\n\n\n\n<p>Russian Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_ru\">https:\/\/t.me\/satoshi_club_ru<\/a> <\/p>\n\n\n\n<p>Spanish Telegram group: <a href=\"https:\/\/t.me\/satoshi_club_spanish\">https:\/\/t.me\/satoshi_club_spanish<\/a> <\/p>\n\n\n\n<p>Telegram Channel: <a href=\"https:\/\/t.me\/satoshi_club_channel\">https:\/\/t.me\/satoshi_club_channel<\/a> <\/p>\n\n\n\n<p>Website: <a href=\"https:\/\/esatoshi.club\/\">https:\/\/esatoshi.club\/<\/a><\/p>\n\n\n\n<p><strong>Our Partners: <\/strong><\/p>\n\n\n\n<p>EOS Nation Telegram Group:<a href=\"https:\/\/t.me\/BytomInternational\">https:\/\/t.me\/EOSNation<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 8 one of the best AMAs took place in our Satoshi Club group. Over the course of almost 2 hours, our EOS Nation friends shared as much information with our community as possible. Our guest was Yves La Rose -CEO-. It was a very pleasant time, we met about one of the most [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/759"}],"collection":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/comments?post=759"}],"version-history":[{"count":2,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/759\/revisions"}],"predecessor-version":[{"id":1214,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/posts\/759\/revisions\/1214"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media\/760"}],"wp:attachment":[{"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/media?parent=759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/categories?post=759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satoshi-club.esipick.com\/index.php\/wp-json\/wp\/v2\/tags?post=759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}