It was recently announced by EOS.Go, that moving forward EOS.Go will be assuming responsibility for the EOS code repository. Without further plans set forth by EOS.Go or the Block Producers that supported this announcement, this sparked a few questions internally; namely:
If Block Producers are required to be elected to maintain transparency, do the people who safeguard the repository need to be as well?
We believe the answer is yes.
After much consideration, Cypherglass is proposing the commencement of The EOS Network Foundation, a foundation comprised of 11 Elected Officials with different technical, economic and blockchain backgrounds. This foundation will monitor all actions within the EOS Network, but will have a main role to manage the Master EOS Code Branch Repository.
Adding these checks and balances to the network will further protect the transparency set forth in the EOS Constitution and will maintain the spirit of EOS, which is that the EOS Voters should have the right to elect officials who may have far reaching impacts on major portions of the project. This is one of the reasons why Block Producers are elected, and is the reason why we feel a foundation is necessary to safeguard and manage the Master EOS Code Branch Repository.
Airdrop:
EOSfoundation Tokens will be airdropped and further airdrop details will be out by the end of June. We are committed to a completely fair distribution and we will not be holding any tokens for ourselves.
Voting:
EOS Network Foundation Elected Official Candidates will be added to a list each month by the community. Voters will cast their votes for Elected Official Candidates on a monthly basis as required by the Foundation, to both fill vacancy and possibly replace existing Elected Officials. Votes will be cast through EOSfoundation tokens only and through an online portal.
EOS Network Foundation Constitution:
The EOS Foundation Constitution will be formed after the initial 11 Elected Officials Candidates become Elected Officials. The constitution will be formed around the EOS constitution with additional protections as outlined in the Core Responsibilities listed above.
The Bitcoin Foundation Manifesto
“The Bitcoin Foundation coordinates the efforts of the members of the Bitcoin community, helping to create awareness of the benefits of Bitcoin, how to use it and its related technology requirements, for technologists, regulators, the media and everyone else globally”
U.S. Agency for International Development
“Critical development efforts cannot succeed without a legitimate and democratically elected government that is responsive and accountable to its citizens. Elections provide an important opportunity to advance democratization and encourage political liberalization. For an election to be free and fair, certain civil liberties, such as the freedoms of speech, association and assembly, are required. Elections can be a primary tool to foster political openings and expand political participation. Electoral processes offer political parties and civic groups an opportunity to mobilize and organize supporters and share alternative platforms with the public. Elections also serve to encourage political debate and public dialogue.”
The EOS Network Foundation initiative is a community initiative, so we would love to hear your feedback. Join the discussion in the official EOS Network Foundation Telegram to be a part of the creation and execution of what we believe will be an instrumental part of the EOS ecosystem.
Join the EOS Foundation Telegram now to join the conversation!
