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EOS Co-Founder Dan Larimer Resigns From Post as CTO of Block.one

Dan Larimer is resigning from his submit because the chief know-how officer of the event firm Block.one.

Block.one made historical past when it raised $four billion price of cryptocurrency for the preliminary coin providing of EOS, a blockchain that was constructed to compete with Ethereum and different sensible contract networks. Block.one’s foremost venture is EOS.

Prior to Block.one and EOS, Larimer was concerned in blockchain-based social media publishing service Steem and Bitshares.

He made the announcement in a brief submit printed to Voice, a social media initiative based by Block.one. The EOS pioneer wrote on the matter:

“I’ve labored with Brendan and block.one for the previous four years and am happy with the EOSIO software program I used to be in a position to create and launch with the assistance of a particularly proficient group of engineers. Alas, all good issues should come to an finish. As of December 31, 2020 I’ve resigned my place as CTO of block.one.”

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Related Reading: Wall Street Veteran Kickstarts Own Bitcoin Fund With $25m Investment

Larimer’s Future Ambitions

While the EOS co-founder is resigning from his submit at Block.one, his intent is to proceed to work on decentralized know-how:

“I’ll proceed on my mission to create free market, voluntary options for securing life, liberty, property, and justice for all. I have no idea precisely what’s subsequent, however I’m leaning towards constructing extra censorship resistant applied sciences. I’ve come to consider that you just can’t present “liberty as a service” and due to this fact I’ll focus my consideration on creating instruments that individuals can use to safe their very own freedom.”

Larmier didn’t point out if he’ll cease engaged on EOS as a complete.

Many within the crypto house speculate that he’ll focus his efforts on decentralized finance subsequent, which might be in step with his ambitions to domesticate censorship-resistant know-how.

Related Reading: DeFi Founder Targeted in $8m Hack Says He Has His Hacker’s IP

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EOS Price Drops

EOS’ worth dropped in response to this information, seeing that Larimer is a widely known determine and was typically seen because the face of the venture.

EOS is presently the worst-performing crypto-asset within the prime 100 by market capitalization, in keeping with CoinGecko. The cryptocurrency is down 15% up to now 24 hours, underperforming Bitcoin’s 5% drop and Ethereum’s 1.5% drop.

Over the previous seven days, the cryptocurrency has gained 18% towards the U.S. greenback.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Unsplash
Chart from TradingView.com
Price Tags: EOSUSD, EOSBTC
EOS Co-Founder Larimer Resigns From Post as CTO of Block.one

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