CWC Newsletter #46 (December 2, 2020)

By Taylor Ryker, Analyst

What I am currently excited about in the EOS Blockchain Ecosystem

Welcome back, Team EOS and EOSIO! The next Bitcoin Bull Run is upon us with the price of Bitcoin pushing the limits of it's all-time-high price of $20,000. The EOS token price is beginning to pick up with it breaking the $3 mark recently. For the valuation to go higher, I would like to highlight some things brewing within the past week in the EOS blockchain ecosystem that I am very excited about that deals with governance, regulations, and mass adoption.

Block.one and Governance of EOS Public Blockchain

Block.one is finally putting into action their commitment to the EOS public blockchain with their voting of Block Producers with their 100 million votes.

This past weekend, Block.one announced on Twitter:

What was the criteria for Block.one's votes?

The positive impacts of Block.one's voting:

It has been too dark for too long with regards to governance of the EOS public blockchain. Many in the community were concerned that top-21 Block Producers were primarily large crypto exchanges and presided predominantly in China. Block.one did vote in several Chinese exchanges but by large, their votes have shaped the top Block Producer rankings for the better.

It is also a welcoming sight to see Block.one take action over just mere assurances and tweets of an upcoming vote. It appears that the undercover development by Block.one will begin to emerge in the coming months. I am excited to see a renewed campaign by Block.one, in conjunction with the Public Blockchain Engagement, to rebuild the EOS public blockchain community.

In addition to Block.one votes, DeFis Network's proxy has also helped vote-in value-adding Block Producers.

With physical evidence of Block.one's commitment to the EOS public blockchain, I envision that there will be more financial support poured into the EOS blockchain ecosystem, such as dApps and user tools like wallets.

Blockchain Regulations and Chintai

Regulations are coming! Well, regulations of blockchain tokens and companies has already occurred, but the bigger regulations are coming. What does that mean?

Well, the big internet players like Facebook and Paypal are entering the space with one eye on the regulators and another eye on conquering the blockchain space. Facebook's new stablecoin Diem was recently changed from Libra due to past unfavorable regulations and Paypal is allowing its customers to purchase cryptocurrencies.

How will this impact EOS token holders? Block.one CEO Brendan Blumer deeply understands this concern:

Ok, are there any EOS dApps that do ProFi?

Let me introduce you to Chintai, if you have not already met.

Are you skeptical about the need for regulations?

Well, countless DeFi protocols have been exploited over the past year with valuations of millions of dollars worth in tokens. Last week, a DeFi protocol called Pickle was exploited for $20 million worth of DAI tokens.

How will government regulators view DeFi? Take it from Syed Jafri, "Anything that gets enough scale will need KYC (compliance), or risk the operators going to jail and getting fined."

How does Chintai solve this growing issue within the blockchain space?

How does Chintai support what Blumer calls "ProFi" (programmable finance)?

There is a need for Chintai, the EOS public blockchain, and EOSIO with the coming wave of programmable finance that will make it safer for investors to speculate and trade in this new financial playground. This is the next logical step in the evolution of making blockchain a ubiquitous technology in our daily lives.

Ethereum is already plagued with transaction speeds and expensive transaction fees. With the launch of their beacon chain, some are predicting a very bumpy road ahead in making it scale to comparable speeds of EOS.

I won't wait when the regulators shut down unregulated DeFi to support the fact that EOS and EOSIO are primed for ProFi. Do not be distracted by the glitz and glam of Ethereum's beacon chain launch - it is more fluff than substance.

Mass adoption without knowing about the EOS public blockchain

The EOS public blockchain needs an awesome way to onboard the mass adoption by the public. Look no further than Wombat Wallet and the ways in which users are on-boarded in popular EOS blockchain gaming dApps.

I would like to spotlight the growing success of Wombat Wallet. The easiest way for any user to interact with the EOS public blockchain for FREE. Check it out here.

And better yet, we need users to interact with daily online applications and never need to know about the complexities of EOS, such as private key management, staking resources, renting resources, and voting.

Upland is the second most popular blockchain game in the entire blockchain space:

How does Upland create a great user experience? The users never know that their engagement with the dApp is due to the EOS public blockchain. Upland pays for their users' resources and manages their accounts so that users will only have to focus on how to make their digital real estate portfolio grow.

This is how we get the masses to adopt this "new and scary" technology.

Are you excited? It is that time of year when we know that all our hard work will eventually pay off. Keep building, engaging, and supporting the EOS community. For we have gone through hell and back, laughed at by other blockchain communities, and abandoned by many early OGs. But, I am more excited than ever and believe that EOS and EOSIO are positioned well for the coming years.

See you all next week for another round of the CoolWave Capital Newsletter.

Go EOS!

For More EOS and EOSIO coverage from this Week: EOS Nation's Hot Sauce, CryptoWriter's EOSweekly, Crypto Peter's Moran Post, and EOS Go's What Happened This Week on EOSIO.

Disclaimer: Taylor Ryker is not a financial advisor and holds the digital tokens or cryptocurrencies represented in the content above. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this post constitutes a solicitation, recommendation, endorsement, or offer by myself to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. The opinions expressed in this publication are those of the author. They do not purport to reflect the opinions or views of any of the author’s employers.