Block.one has launched an 85 million EOS proxy

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Block.one has created a new proxycalled sub2.b1, and has voted accordingly, putting up to 85 million EOS on the table, a figure that amounts to more than $ 260 million.

This means that it will soon massively intervene in EOS blockchain governance.

It is worth noting that anyone can actively vote on the EOS blockchain. To do so, each account must bet its own tokens: the more tokens you bet, the greater your influence will be in voting.

Proxies are basically accounts that users vote for and these proxies will vote for them. However, the user can always overwrite the vote made by the proxy.

In late May, Block.one I had voted to via a second account, sub1.b1, and had used 10 million EOS to divide among more than 50 BP, with a weekly turnover of 10 BP at a time.

These rotations revealed that Block.one voted with the intention of supporting BPs and encouraging them to improve the blockchain and become increasingly active.

In fact, it is always possible to check all BP data and instantly see if and how they act, especially when there are solutions or updates that BP have to vote on. This means that if they are not activated quickly, the community and proxies will take away their vote, with a loss that can be significant for the BPs.

Block.one's proxy philosophy

When we look in detail at the Block.one proxy philosophy, we can read the following:

Block.one believes that commitment, transparency and open discussion are essential to ensure the success of any public blockchain. We are proud to belong to an open source community that thrives on the exchange of information, as well as the promotion, innovation and action of its individual members. As an EOS token holder, we are working to ensure maximum network security and constructive engagement among network participants. As we engage with community members, our voting approach will evolve and criteria will be added to ensure that our vote recipients meet the standards we want to see across the network, so that we can ultimately contribute to smooth and successful network operations. in the future".

We are talking about largest proxy on the EOS blockchain as no one beats the 10 million threshold, although at the moment the Block.one proxy has not voted for any candidate.

This vote can be cast up to 30 times and would therefore drastically change the ranking of the top 21 BPs, as there are only 13 million votes between the first and twenty-first.

Finally, another aspect that should not be underestimated is that now the EOS users have a new referral proxy and this could lead users to vote for this same proxy and increase their firepower and perhaps exceed 100 million votes.

This would show how cohesive the community is that follows the choices of its creators.

It should be noted that just a couple of weeks ago, even exchanges started to move funds to unspecified representatives.



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