Block.One Sees Team Members Leave Amid EOS Controversy, Start StrongBlock Blockchain Project
EOS corporate founder Block.one has lost four early employees and two contractors as the network goes through growing pains following its mainnet launch in July. All six individuals left the Hong Kong-based company to start up StrongBlock, a blockchain project that remains in development with few details about its goals available.
Senior vice president of technology operations David Moss; vice president of product Thomas Cox, vice president of infrastructure Brian Abramson and senior director of technology products Corey J. Lederer were all among the company’s first five employees, guiding it through its record-breaking ICO which raised more than $4 billion.
Reasons for Exit
Information gleaned from their LinkedIn profiles suggests that all six left Block.one over the summer, and in the case of Moss, a month before the EOS mainnet went live in June 2018. The ex Block.one employees formed StrongBlock in July alongside EOS governance specialist Branden Espinoza, but they remain tight-lipped about what the new company has been set up to do.
Speaking recently to Coindesk, one of the former employees said:
“We left because we saw a need in the blockchain marketplace that Block.one was not going to address.”
There are few indications as to what precisely StrongBlock aims to achieve within the blockchain space, but CEO Moss dropped a hint while speaking at the Global Media Blockchain Summit in Los Angeles, where he stated that “EOS will be a 787 and StrongBlock will be a custom 787 factory.”
Their exit comes at an awkward time for Block.one, which now has to contend with a significant talent vacuum while it is currently still in the early stages of a full-fledged EOS rollout amid stagnant crypto market conditions.
Controversy and Technical Difficulty for EOS
While EOS raised more than $4 billion on the back of a promise to be the “Ethereum killer” by solving the blockchain’s scalability problem and offering improved smart contracts and decentralized functionality through delegated proof-of-stake (DPoS), the network has struggled since its summer launch, beset by problems with buggy source code, sometimes leading to farcical outcomes.
StrongBlock CEO David Moss has also spoken out against EOS, despite only recently being technology VP at the company. In an interview with ZenLedger CEO Pat LArsen, Moss described claims of EOS being able to process millions of transactions per second as “a lot of hyperbole,” due to the presence of “physical limitations, like the speed of light.”
Currently, EOS has a proven concurrent transaction capacity of about 4,000 transactions, while it has three DApps currently running with more than 300 active users, compared to Ethereum’s eight DApps with at least 300 active users and concurrent transaction capacity of 15.
At press time, Block.one could not be reached for comment.