Block.One Launches Competition To Help Run Ethereum Tools On EOS

Parth Vig
Parth Vig is a Management student, and a keen observer of Cryptocurrency and blockchain technology, his interest in writing brings him to thecoinrepublic.com, He believes that he has many ideas that he pens down and he feels it would be a great asset for any kind of creative writing.
  • Block.one has announced a year-long competition offering a whooping sum of $200,000 to any developer who can make the task happen.
  • Block.one has taken a significant step towards making it hassle-free and efficient for arch-rival Ethereum ‘s Dapps to run on its EOS blockchain.

The Entrepreneurial Operating System (EOS) developer and the open-source software publisher, Block.one has taken a significant step towards making it hassle-free and efficient for arch-rival Ethereum‘s Dapps to run on its EOS blockchain.

Block.one has announced a year-long competition offering a whooping sum of $200,000 to any developer who can make the task happen.

The competition, which Block.one calls the EOSIO Smart Contracts challenge, will offer the price amount to the first developer who can solve the problems faced by the EOS blockchain, which currently prevents it from easily running the Ethereum Dapps.

The competition is for one year. This attempt by the platform expected to aid in increasing integration in the blockchain community with more scalable solutions that offer better connectivity.

The official announcement of the challenge done through the platform’s website on the 3rd of February 2020. The competition tasks the developers to make the Ethereum smart contracts run on the EOS network.

Ethereum Smart Contracts are pieces of code that execute certain commands o the Ethereum blockchain. The idea behind the competition is to enable Ethereum developers to use the present tools on the EOS blockchain.

“The challenge enables developers in the EOSIO, Ethereum, and wider blockchain communities to use their preferred development platforms while leveraging the benefits of EOSIO,” the announcement said.

It further welcomed both veterans and newcomers to try their hand and stated that the idea is to look for developers who can engineer breakthroughs in the system. The announcement further claimed that EOS processes smart contracts at a greater speed, an attempt to tempt developers to the platform.

The move by Block.one comes despite the recent congestion woes faced by the EOS blockchain. It faced a major concern last November when an airdrop caused the price for using the EOS network almost doubled.

“This effectively prevents quite a bunch of people from even using the EOS network, at all,” Adrian Krion, who is a ChainClash developer, stated. The network has recovered from its setbacks and is currently working towards speed. While Ethereum blocks are taking 13 seconds, the EOS blockchain is operating at 15 to 17 transactions per second.

Block.one’s Voice social media platform’s beta version is being launched by the platform on the 14th of February 2020 without the launching of the EOS as previously planned.

However, the platform plans to run the Voice social media platform on a purpose-built blockchain. This has raised serious questions on why Ethereum developers will be willing to jump to EOS when even Block.one is not using it.

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