The creator of EOS, Dan Larimer, is embarking on a new project: Clarion Os. Dan Larimer left his post at Block.one, the company that owns the EOS.IO blockchain, at the beginning of 2021. His resignation caused EOS’s share price to fall sharply.
Since then, Dan Larimer has presented Clarion Os, his new project, on his GitHub account a fortnight ago. It would be a ‘friend to friend’ messaging system.
After EOS, Dan Larimer launches Clarion OS
Clarion OS is said to be a messaging project enabling messages to be exchanged between cryptographic entities. Tired of the censorship imposed by Internet giants such as Google and Twitter, Dan Larimer explained that he wanted to dedicate himself to creating a completely autonomous platform that would escape censorship. In fact, on his personal blog, he published an angry article about Twitter, Google and Facebook when he announced the deletion of Donald Trump’s Twitter account. Clarion OS would therefore be the solution proposed by Dan Larimer to escape their grip.
The aim of this project is to combine the reliability of traditional centralised messaging services with the freedom of decentralised services, the objective of blockchains. Dan Larimer has described his project in detail on his GitHub account. These messages could be sent privately or publicly, like the services offered by social networks such as Facebook or Twitter.
Dan Larimer, a well-known figure in the crypto-community
This project is far from being the first for Dan Larimer, creator of the EOS blockchain. He is a well-known figure in the crypto-currency world. For his EOS project, he launched an ICO in 2017 that raised more than $4 billion in the space of a year. This sum remains to this day a record in the cryptocurrency world. However, the ICO for EOS had been singled out for some rather questionable practices.
Prior to the launch of EOS, Dan Larimer had also been involved in the development of the BitShares cryptocurrency exchange platform in 2014. In 2016, he co-founded Steemit, a platform hosted by the Steem blockchain. Dan Larimer eventually left these projects before seeing the fruits. The same applies to EOS.
Dan Larimer has announced that he will be stepping down as CTO of Block.one, the company that owns the EOS.IO. platform, in January 2021. His resignation from EOS is said to be a personal decision. His new Clarion OS project could explain this decision.
EOS, an improved version of Ethereum
EOS is a platform that Dan Larimer launched in 2018. It enables the use of “smart contracts” and decentralised applications. The platform has its own blockchain, EOS.IO. Since its creation, EOS has been presented as a more efficient alternative to Ethereum.
EOS is multi-threaded, so it can perform several tasks at the same time. Its protocol is based on delegated proof of stake, or “DPoS”. The DPoS protocol is reputed to be the fastest of all protocols. Bitcoin uses “proof of work”, while Ethereum uses “proof of stake”. Dan Larimer, founder of EOS, helped develop this new protocol.
The DPoS used by EOS is based on the democratic vote of all EOS token holders. Every day, they elect the 21 people who will be responsible for validating and recording transaction blocks on the blockchain.
The qualities of EOS compared with Ethereum
EOS was immediately presented as an improvement on Ethereum. The platform takes much of its inspiration from the cryptocurrency giant, but with improved features. Its token, EOS, is in fact an ERC-20 token that uses the Ethereum blockchain to function.
The EOS project promises a faster system and greater scalability thanks to its improved blockchain. In fact, EOS can carry out 1 million transactions per second. By comparison, Ethereum is limited to around 15 transactions per second.
EOS has all the qualities needed to supplant Ethereum:
Infinite scalability
Highly responsive thanks to its DPoS democratic voting system, making it more secure than Ethereum in the event of an attack
Decentralised network, which means there are no transaction fees and ownership of part of the network is proportional to the number of tokens owned.
Numerous popular dApps
EOS, the platform for decentralised applications on an industrial scale
From the outset, EOS has been designed to handle industrial or commercial-scale applications, which is totally impossible for Bitcoin and Ethereum. Indeed, the two cryptocurrency behemoths are totally handicapped by their lack of scalability. Their networks quickly become congested as transactions multiply. What’s more, they charge considerable transaction fees, which can increase proportionately with network usage. Bitcoin and Ethereum are therefore far too slow and too expensive for use on an industrial or commercial scale.
EOS, on the other hand, is fast and has no transaction fees. These impressive features are attracting many dApp developers. EOS aims to become a dominant operating system for new blockchains. The platform offers developers numerous tools to help them create their dApps.
The future of EOS after Dan Larimer’s resignation
Following the resignation of Dan Larimer, creator of EOS, from his position as CTO of Block.one, the company that owns the EOS.IO platform, the EOS share price fell by more than 20%. Following the announcement of his resignation, the EOS share price fell by 23% in just 6 hours, from 3.9 to 3 dollars, ending the next day at just 2.75 dollars.
In the meantime, however, the EOS share price has recovered and is now trading at 4.10 dollars. EOS is the 25th-largest cryptocurrency in terms of capitalisation, with a total market capitalisation of $3,893,121,900.
EOS is a must-have for dApp developers, which ensures it has a certain longevity in the crypto-community. The platform is also highly regarded for its democratic and participatory nature, thanks to its DPoS protocol.
The involvement of Block.one, the parent company of EOS.IO, has led some to accuse it of a tendency towards centralisation. Nevertheless, these criticisms seem far from compromising its future for the moment.
