Block.one Initial Voting Criteria and Next Steps

In Delegated-Proof-of-Stake, voting for Block Producer candidates is fundamental to both aligning the interests of token holders with network operators, and securing the network itself. We are pleased to share our initial voting plan and begin the discussion for how we will vote moving forward.

Voting By The Numbers

There are many qualified block producer candidate organizations currently operating on the EOS public blockchain evidenced not only by consistent and smooth network operation, but the numerous open-source developer and user tools that are available today. We aim to vote for candidates in a rotational manner with no cap on how many total candidates we vote for over time. We will initially vote with 10 million EOS tokens which may increase over time at our discretion.

Voting Requirements

We employ the following criteria to qualify for votes:

  1. The general location of the node has been disclosed publicly through the BP JSON file.
  2. Independently operating an API or P2P node that is publicly queryable.
  3. The API or P2P node is running EOSIO v2.0 or greater.

We ask that all block producer candidates please send a summary outlining your most valuable contributions as well as information pertaining to our voting criteria listed above to pbe@block.one by 11:59 UTC 22 May 2020 to help inform our vote and future voting criteria evolutions.

Please note, we maintain the ability to adjust voting criteria or vote recipients at any time for any reason without notice, and this publication is not a warranty of any agreement with any organization or individual whatsoever.

An Evolving Program

As we engage with community members, our voting approach will evolve, and criteria will be added to ensure that the recipients of our votes adhere to the standards we wish to see network wide, so that we may ultimately contribute to smooth and successful network operations far into the future.

The EOS Foundation Future

The PBE division is hard at work researching models for an independent EOS Foundation. If launched, it is intended that the independently operating Foundation will receive the delegated weight of Block.one’s available voting tokens. We are optimistic about the progress of our R&D efforts thus far, and continue to focus on innovating structures that align the interests of network participants to maximize network security, performance, vision, and opportunity.

Disclaimer
Important: All material is provided subject to this important notice and you must familiarize yourself with its terms. The notice contains important information, limitations and restrictions relating to our software, publications, trademarks, third-party resources and forward-looking statements. By accessing any of our material, you accept and agree to the terms of the notice.

Block Producers Block.one Blockchain Technology Decentralization EOSIO