The Brock Pierce founded EOS seems to have hit the brakes on the developmental cycle with very little updates coming from the EOS camp. The cryptocurrency organization which has been conducting hackathons and events for the past few weeks seems to be concentrating more on spreading the work of mass adoption rather than trying to catch up with other cryptocurrencies like Tron.
The last update after a long time that favored the EOS enthusiasts and holders was the launch of its latest update called the EOSJS V20.0.0. The update was considered to be a change on a key functionality on the EOS API.
The team stated that over the recent months they studied the usage of the EOSJS API in many of the community applications and also in the company’s own projects.
Through the analysis, they concluded that in order to create a great user experience and provide a high level of security, the blockchain applications must not have access to a user’s private key.
They further stated:
“Instead, applications should propose transactions to secure signature providers like wallets or application browsers that are able to focus their efforts on storing keys in the most secure ways possible and provide a consistent user experience when signing transactions.”
MarkJ, an EOS enthusiast had voiced the concern of the community when he stated:
” I hope something major happens soon on the EOSIO. I am losing my shit looking at what’s going on with the other coins.”
The cryptocurrency which had risen to popularity on the back of the 2017 cryptocurrency spike had promised users a change in the realm of finance and basic transactions. The coin, which seems to be on a lull now, had even drawn the attention of Emmy winning show, Last week tonight with John Oliver, which had deliberated on the pros and cons of the cryptocurrency network.
The main point of discussion was the fact that ” EOS had raised a billion dollars on the promise of nothing”. Has John Oliver’s premonitions come true. Holders can only wait and which for a light at the end of the tunnel now.