EOS CTO Proposes to Rewrite Project's Constitution

Dan Larimer believes that current constitution vests too much power at the hands of arbitrators
28 June 2018   863

Just a few weeks after the launch of EOS, the chief technical officer of the project, Dan Larimer, suggested changing the project's constitution, Bitcoinist reports.


As you can see on the screenshot above, the conversation took part in Telegram channel 'EOSGov'.

According to observers, the current EOS Constitution gives arbitrators too much authority. At the moment, all smart contracts on the network must be documented with the help of Ricardian Contract, indicating the intentions of all parties and an arbitration forum that will resolve disputes.

Arbitrators are able to resolve disputes directly, and the scope of their powers is not defined. Larimer proposes to limit their powers by addressing issues related to differences between the Code and intentions, as well as the handling of vulnerabilities and hacking of code.

At the same time, if Larimer decides to rewrite the supreme law on his own, he will have to follow the procedures set out in the Constitution. Otherwise, this would confirm the centralization of the project.

There is no clause in the Constitution that would describe such a situation. Closest to it comes Article XIII:

This Constitution and its subordinate documents shall not be amended except by a vote of the Token Holders with no less than 15% vote participation among tokens and no fewer than 10% more Yes than No votes, sustained for 30 continuous days within a 120 day period.

Eos Constitution

In other words, if his proposal is put forward right now, the Constitution can be replaced after 120 days.

This can be more difficult than it seems at first glance. Earlier, EOS took two weeks to vote for the manufacturers of blocks.

Coinbase Pro to List EOS, REP and MKR Tokens

EOS and Augur will be initially available in all Coinbase jurisdictions except of NY and Maker token will not be available to US residents
09 April 2019   380

The leading US cryptocurrency exchange Coinbase Pro announced listing of three new assets: EOS, REP and MKR. For users of the main platform Coinbase.com new assets are not yet available.

Deposits in all these three assets are already available and will be accepted for at least 12 hours before trading starts in a limited mode in order to accumulate sufficient liquidity.

Initially, trading will be available in the following pairs:

  • MKR / BTC, MKR / USDC.

EOS and Augur will be initially available in all Coinbase jurisdictions with the exception of New York State. At the same time, the Maker token will not be available to US residents.

In the future, additional trading pairs may be added for EOS, REP and MKR.