XYO Network Asks Brock Pierce to Join EOS Alliance as Active Member
The XYO Network first rose in the cryptocurrency world with their $12 million ICO that only happened in May of this year. They began on the Ethereum network, but it uses Bluetooth and GPS as ways to track the transactions on the blockchain. There are presently over 1 million beacons in place, but there are still many more to link up.
XYO is unique in that it is fully powered by the people that support it. Lately, their platform has been entirely based around the Ethereum blockchain, and they just posted a tweet that indicates that they want to join in on the EOS Alliance.
@brockpierce XYO is extremely interested in being an active member of the @eosalliance1. We share the same vision of decentralizing traditional powers and doing it with attitude! Let's talk.
— XYO (@OfficialXYO) August 21, 2018
The tweet reads: “@brockpierce XYO is extremely interested in being an active member of the @eosalliance1. We share the same vision of decentralizing traditional powers and doing it with attitude! Let's talk.” This tweet comes directly from the official Twitter of the XYO Network.
The post makes it clear to both the EOS Alliance and the rest of the world that becoming a part of their EOS blockchain is something that they want to start on fast. There has been no other indication that they want to fulling migrate from the Ethereum blockchain, but Scott Scheper of XYO contributed to the conversation as well.
In his reply, Scheper said,
“Hey – Scott from XYO here. Yes we’re committed to having our oracle network support EOS (i.e. enabling EOS smart contacts to call out to the real world for location data, as if it were an API). Yeah this tweet is focused on our intention to join EOS Alliance and become a BIG part in moving the development ecosystem forward. Really impressed by the EOS platform, the community and block producers.”
If XYO truly decides to move over to the EOS blockchain, they will be in good company. Everipedia also moved over from Ethereum to the EOS blockchain, offering better support for the wiki-based encyclopedia. Much of the reason for their move had to do with the improved scalability that EOS offered.
The EOS network will soon welcome another addition – Havven. This startup is planning to establish its stablecoin on the network within this year, even though they just launched nUSD on the Ethereum network in June. However, their goal it to work on both networks to expand their use and “offer cross-blockchain stablecoins.
With all of these migrations and potential migrations, investors may be wondering what the catalyst was for the transition. During an interview with BCFocus, the founder of the EOS Asia office, Joseph Fanelli, comments that EOS already has a leg up on Ethereum with their advancements and network alone. This network has the potential to process thousands of transactions with just a second.
In comparison, Ethereum’s network is only setup to handle 30 transactions with each second. Somehow, the technology of Ethereum still remains a favorite among developers and investors, even though it cannot keep up with newer networks.