EOS Leader Block.One Boasts Their Blockchain as Highest Performing and Most Used Platform

Block.one Highest Performing Blockchain?

Block.one successfully raised $4 billion in a token sale and now it is claiming that it has solved its scalability issues, thereby making it the highest performing blockchain platform worldwide. The platform discussed with the Asia Times and the scalability issues that it had faced.

According to Serg Metlein, the platform’s head of developer relations, scalability had been the platform’s most prominent issue and since its resolution, the platform has become “the first blockchain that solved the scalability issue.”

He also added that the project’s success is due to Dan Larimer, the platform’s co-founder, who had realized that

“there are many developers around the world who want to build real applications, not just proof of concept which doesn’t scale. Real applications need a platform and EOSIO is the platform.”

Further, he noted that Block.one is on to confronting its other issues, such as blockchain adoption and usability. As he stated,

“The majority of the other [industry] players are still trying to figure out this scalability aspect, but we’re not moving on to the next big challenges, which are the adoption blockchain and usability.”

The platform plans on using the funds that it had raised to launch a venture capital arm that will help to continue funding projects developed on the EOS blockchain. One of the main projects being funded by the Block.one VC arm is Emanate, a U.S.-based self-governing music ecosystem that provides singers and songwriters with greater control over the use of their music. It also removes the middle men, such as producers and managers.

The platform is also funding Eva, a Canadian ride-sharing company that is based on the EOS blockchain.

Currently, the platform uses hackathons to find promising projects for investment. One of the most notable investments has been IDPass after it won the “EOS Global Hackathon Series” this summer in Hong Kong. Metelin noted that the hackathon events allow the platform to view early stage blockchain projects that could benefit from investment and guidance. As he stated:

So there’s an element of that without hackathons where we’re teaching people how to code for blockchain, we also provide tips from an investment project to help if they want to take their project further. There is also the prospect of monetary prizes, a $100,000 top prize at each event and $500,000 as the grand prize at the grand finale event in December.

Even though the platform has a great deal of resources, it is still in its early stages of development. Hopefully, its many resources will help it grow into a strong platform.

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