Block.one, the company that developed the EOS protocol, offered to abandon the rules of the platform and replace them with “v2.0” Constitution.
Proposed as a “holistic blueprint for a globally scalable blockchain society” governed by a written constitution, EOS fully launched just two weeks ago, but the controversy over stolen secret keys immediately called the viability of its structures into question.
On Tuesday Block.one technical director Dan Larimer said that it was enough. Larimer, whose other projects include Steem and BitShares, wrote on Telegram that “the damage from ECAF [EOS Core Arbitration Forum] is much greater than the funds we hope to restore for users.”
“Am I correct,” a user asked Larimer (before he’d published the post), “in understanding you’re proposing removal of the entire current constitution, and replacing it with one that only refers to arbs [arbitrators] being able to rule on code VS intent and code vulnerabilities / hacks like DAO?”. Larimer responded with one word: “yes.”