The long-standing battle betwixt the EOS Foundation and Block.one (B1), the company behind the EOSIO blockchainย tech, is set to take a new twist. Over the weekend, the EOS Network Foundationโs (ENF) founder and CEO, Yves La Rose, proposed some possible measures.
Yves urged EOS community members to consider legal alternatives against Block.one following a breach of trust. Yves accused Block.one of failing to invest $1 Billion in EOSIO development as promised. He wrote in a lengthy thread onย Twitterย platform that โIt hasย evolved apparent that B1 does not have and has never had any intention of investing the $1B promised in #EOS Network.
EOS Community Proposals To Protect EOS
Yves proposed two major actions against B1. The proposals are [art of the attempts to seek compensation from Block.one and hold it accountable. The EOS CEO thinksย that โtaking steps to hold B1 to its promises of financing in EOS Network will only makeย better EOS Networkโs position and the longstanding value that it can attract to its participants.โ
Source: Twitter
Interestingly, the Second option included forcing a hard fork to completely separate from B1 and remove B1-owned cryptoย tokens. Reportsย by Yves, โIf enough cryptoย token holders are interested in making a legal claim, the @EOSnFoundation is prepared toย help in bringing #EOS cryptoย token holders together for the purpose of advancing a claim against B1.โ
Then, Yves madeย itย clearย that this proposed lawsuit would differ from the existing lawsuit against Block.one for their ICO. Reportsย by the CEO, โThis class action would be for B1 breaking its promise to invest in the EOS ecosystemโ.
Another option would be to implement a hard fork. This would see EOS โsever its tiesโ with Block.one and increase its own integrity. Inย doingย so, there will be fewer EOS cryptoย tokens in circulation which could raise its price.
Impact of the Lawsuit Proposals on EOS
Yves pointedย outย that these actions would soonerย orย thereafter makeย better the position and longstanding worth of the EOS Network. He likewise praised the networkโs durability and potential. He stated the platform as the most appealing utility cryptoย token network in the digitalย currency market.
Yveโs proposition so far has received mixed reactions from community members. Several believe a hard fork will beย hardย to pursue and show a preference for a legal suit.
Source: Twitter
The community will decide whether to move forward with the hard fork or pursue the class-action lawsuit. Furthermore, community members can contact the Foundation at [email protected] to show interest in or learn more details about these suggestions.
