As spring is upon us, Shenzhen welcomed a sunny day as well as EOS Gravity’s biggest meet-up on 10th,March. The venue is totally packed thanks to our enthusiastic fans. EOS Gravity is the largest EOS community with over 500,000 active members all over the world!
A lot of well-known leaders attend the meet up , including Liao Yangyang, founder of EOS Gravity, Sheng Yunlei, CTO of Antwallet, Wu Jinggang, CEO of Vankia, and Watson, from Coin Prophet!
Ocean(Liao Yangyang), Founder of EOS Gravity
At the beginning of the event, Ocean delivered a report on the development of EOS Gravity in 2018. He said he has a long history with this city, Shenzhen, where he founded his first company in his career. During that time, he was doing Litecoin mining machine and was impressed by the openness and freedom he had seen in Shenzhen. Now that he is once again into the blockchain industry, what he learned after many years of experience is that we need to keep up with the periodical changes to make sure that we are always updated with the latest technology so that we won’t fall behind！
Also, the soul and character of the founder will be somehow reflected on the product. As idealism is built in the soul of BM, the founder of EOS, EOS is bound to be the most interesting blockchain in 2018. Ocean said himself that he used to spend time studying products like BTS, Steemit, etc that are developed by BM and came to realize that there’s lots of fun and intricacy in it that’s far ahead of its time.
According to Ocean, the reasons for why EOS is fun:
（1）Node election. The EOS master node provides computing resources and billing capabilities, and as a remuneration, an EOS of no more than 5% is added to the nodes each year. EOS has been preparing for election for a long time and has spent a long time on investigations. Funds, communities and governance frameworks have been established in the crowdfunding process.
There’s various types of BP and some of them reinvest in the development of ecosystem. Other non-profit BPs will probably give a larger percentage of dividends back to their voters. Ocean thinks that it is inevitable that BP will give dividends back to voters. This is more like an interesting social experiment where everyone gets what he wants.
（2）Supply-chain ecosystem. Unlike the forking in BTC and ETH that the team and community not desire to see, EOS officially announced its support for supply-chain. The interconnection between side chains will constitute a multi-chain ecosystem. Whereas TPS-demanding applications may directly form a single-application sidechain, such as decentralized exchanges that Bitfinex will develop on EOS. EOS-BTC also appears to be possible. After all, the way in which transfer fees need to be charged has been eliminated by the Internet, and has emerged in blockchain applications. EOS will break this status.
（3）Management structure. At the moment, many blockchain project don’t have management structure. For example，Ethereum bifurcation was created by the decisions of the founder or the team. EOS will be setting up an arbitral institution to keep the BPs within limits and to promote the legislative process of Blockchain Constitution. Absolute decentralization might not be the best way out. Setting up arbitrary institutions, for example, Blockchain Constitution, helps to maintain a certain degree of decentralization to prevent damaging project from forming as well as to boost efficiency.
（4）financial innovation. A lot of activities in traditional financial sector, such as lending, mortgaging, financial management, lending and borrowing, etc, can be conducted in EOS. Crowd-funding in the future might be conducted in a way that’s similar to lending and borrowing. Coins will be returned to the lender once the project goes online.
Ocean said that 2018 is a year filled with imagination, because EOS has so many things going on. In 2018 EOS Gravity will also actively participate in ecological construction and project incubation, actively participate in BP elections, and develop and expand the gravitational zone community.
The following points of view come from a member of the EOS Gravity: Gao Ruoxiang
Point 1: Will EOSFinex bring about chain reaction?
Nowadays, competition is fierce among exchanges . Most of them are centralized exchanges that features high efficiency and strong liquidity. The problems of decentralized exchanges are that their performance is not good enough and their liquidity is low because of the lack of regulation. A relatively loose community is hard to manage a company. Companies need to compete so that it requires high efficiency. Whether it is the high efficiency of decision-making or the high efficiency of implementation, the attributes of the community make the whole thing difficult to achieve. EOS is centralized and TPS is large enough. Therefore, bitfinex made a wide choice in choosing EOS. It will have a chain reaction, and other exchanges will follow. This is the first point of view.
Point 2: What will the first Dapp be from BM in EOS
Previously, there were lots of concerns on whether BM will leave after creating EOS as he did before? BM replied that since I have already designed a system that can build blocks, everything I do later will be based on EOS. So when the EOS main net goes online, everyone is intrigued by what project will BM start first. Maybe he will move his Bitshare and Steemit to EOS or any other idea that no one sees it coming. We will wait and see.
Point 3: What can we envision after the launch of EOS main network?
The start of EOS main network is different from the start of the main network of any blockchain project in the past. It is not started by the founding team, but it needs permissions from others and the winner gets to start it. Currently, many people are doing wallet mapping, which is to associate the address of the ETH wallet where EOS tokens are stored with the real EOS address on the main website. Finally, an associated snapshot will be generated with all the associated information.
When the main network starts, if you want to be recognized by your community, you can use this snapshot to start. But there are likely to be several main chains running, although only one of them is called EOS, but everyone else will acknowledge other chains. Because, after all, they are all started with the same snapshot. So all the chains will be copied EOS tokens, and now the token EOS will become a lot of EOS ... This is the new start brought by the bottom chain.
Point 4: What will the free blockchain experience bring to us?
On the EOS network, transfer and transactions are conducted with no fee, just like what’s going on with the Internet. You need to buy ETH to use Ethereum's chain cats, while it is a totally different situation on EOS. People don’t even need to know what is token. This is a great innovation and will benefit the development of EOS.
Point 5: What VC Mechanism Will Bring to EOS ecosystem?
VC mechanism is initiated by Block.one, meaning that we should leave the work to professionals. Block.one is only responsible for writing source code. BPs and professional VC institutions take the charge of EOS ecological construction with each side provides half of the fund to incubate the ecosystem based on EOS.
Xu Zhunmin: CTO from Ant Wallet
The CTO of the AntWallet CTO Xu Zhunmin introduced the functions of the Antwallet and the advantages of the EOS ecology, introduced the future development of the ant purse project, and put forward the visions of the EOS big ecological entrance.
EOS is still the Ethereum ERC-20 token and the main network will be launched on June 1. Mapping operations are required to get the real EOS token on the main network. The mapping operation of EOS is relatively complex, and the page is full of complicated codes, and it is easy for an ordinary user to have a high learning cost and an operation error is easily caused.
AntWallet allows users to get a safe and convenient mapping method just as Alipay transfer. At the moment, Antwallet does not have transfer function. After the white box test at the code level is completed, it is ready to put online. Xu Zhumin said that many of the members in the development team are located overseas and are highly professionals.
At present, the app is at its last stage of development.
Xu Zhumin believes that EOS' one million TPS is a huge advantage over other projects.Last year, the double 11-day averaged 140,000 TPS at its peak and reached a peak value of 260,000. EOS's one-hundredths of TPS is enough to meet the four peak performance requirements of Tmall. At present, single-chain single-node testing on the Internet has also reached thousands of TPS. Free transaction on EOS, scalability, parallel computing capabilities, and a good account system are the basis for supporting a large number of Dapps.
The vision of AntWallet is to become the entrance to EOS Ecology. For businesses and developers, AntWallet will lower the entrance, provide free sdk, provide a variety of underlying payment data interface; for users, AntWallet will provide safe and convenient services, provide supports for the storage of other tokens on the EOS side chain, while expanding the functions of candy delivery, wealth management investment, and contract currency management, meet the diverse needs of users.
Xu Zhumin said that the Antwallet will become a bridge between B and C, establishing a win-win cooperation mechanism, and striving to create a decentralized WeChat-like integrated platform. As a developer, the entire platform will be built for users, enabling social, entertainment and other functions to be accessed. The development and prosperity of the EOS ecosystem needs everyone to make his own contributions.
Wu Jinggang, CEO of Vankia
Wu Jinggang introduced the development situation of Vankia Chain, and let everyone know the characteristics of EOS-based enterprise-class Internet of Things solutions and software and hardware implementation.
Wu Jinggang stated that the Vankia chain will be based on the EOS network at the software level, adopt the DPos consensus mechanism, and adopt the Mqtt communication protocol for message transmission to realize instant message transmission. There are also different solutions for the application of Vankia chain in different industries, providing support for ChainCode and EVM. In this way, the neutrality of the platform and the security of data transmission can be guaranteed to achieve multi-end compatibility while ensuring low-cost and Token value-added.
Watson, from Coin Prophet
As the owner of the Xiao Ye's, Watson showed us the value and market analysis of the EOS, and shared the currency circle's investment methodology. His witty and humorous style sparked applause from time to time.
He first put forward his point of view: Value determines the price, so we must follow the value and only do things that you have confidence in. In the past two months, the price of EOS has ranged from 15 to 12 US Dollars, to 8 US Dollars, and then to even lower levels. Teacher Xiao asked everyone, has the value of EOS changed? He believes that the value of EOS essentially has not changed. Seeing the two days of decline, Teacher Xiao said he was not panicking but was happy to have cheaper chips.
Watson analyzed several aspects that affect the currency price. The fundamentals are the cash flow and earnings of a company or product. For the vast majority of projects in the EOS and even in the current currency circle, there is no fundamentals to analyze, because there are no financial reports issued, and practical applications have not yet landed.
As for the funding of EOS, you can refer to the periodic market reports issued by EOS Gravity. After the EOS project is completed, there will be a lot of people to pick up the board, and everyone need not to panic. More of us believe that the currency circle is not a zero-sum market, and everyone's investment will grow along with the growth of EOS and other projects.
Regarding the policy, Watson believes that we still have to continue to support the country and be grateful for the party and the government. As long as the project is truly valuable, it is conducive to economic development and benefits the people. Everyone need not worry too much about policy risks.On the technical side, Ms. Xiao briefly introduced the analysis methods of the mean-line theory, winding theory, and cycle analysis.
For the market, it can also be said to be an emotional surface. Teacher Xiao indicated that the analysis can be based on changes in the number of news, searches in Baidu and WeChat, readings in Big V, voting statistics, and speeches in groups. He also provided an example of the premium ratio of over-the-counter trading as a reference. The premium on otcbtc in the past two days has been as low as only one yuan higher than the floor price, indicating that market sentiment has fallen to a very low level.
That’s all for the ShenZhen meet-up! Thank you all for your attention. Please follow us for the latest news and events from EOS Gravity.
