The ongoing issue of EOS governance is rapidly growing into a decisive crisis that could see the entire EOS constitution entirely rewritten.
Stemming from a missed block producer meeting, the complex three-party EOS governance structure debate could potentially be solved by a new constitution proposed by EOS developer Block.
The EOS blockchain allows community members to interact with and guide the EOS project in a democratic manner, with a governance structure described as a "Holistic blueprint for a globally scalable blockchain society." The EOS constitution is the cornerstone of the EOS project, and functions as a "Multi-party contract entered into by the Members by virtue of their use of this blockchain."
The current state of the EOS constitution caused significant controversy within the blockchain ecosystem, with EOS CTO Dan Larimer - the creator of the constitution - proposing a complete constitutional overhaul via Telegram earlier this week.
One, who subsequently published an official proposal for an "EOS Constitution v2.0" that resembles a clarified edit of Larimer's proposed EOS constitution referendum Medium post.
The issue of lost and stolen keys, states the proposal, will be solved by native EOS Apple Secure Enclave, Touch ID, Face ID, and time delay integration.
The proposed constitutional update could streamline the relationship between ETAC, the element of the EOS governance structure that handles arbitration orders, and block producers.
The first step in protecting the EOS community from both stolen keys and governance overreach, states Abraham, is the creation of a secure wallet solution that integrates virtually impenetrable security features.
One is also expected to roll out a much more secure enclave iOS wallet which will make it easy unique EOS security features like time delay active / owner key systems, along with multiple account signature.
The current problems we have with stolen keys are in the import process from Ethereum where only one EOS key was set!".
Block.one Officially Proposes EOS Constitution Overhaul
Published on Jul 1, 2018
by Cryptoslate | Published on Coinage
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