EOS price falls amid Dan Larimer’s departure from Block.one

EOS founder Daniel Larimer has stepped down as chief technology officer of blockchain start-up Block.one. He made the announcement in a publication on voice.com.

The developer stressed that he no longer believes in providing „freedom as a service“.

„I will focus on creating tools that allow people Bitcoin Up to protect their freedoms.“

The decision took effect back on 31 December 2020.

Amid the announcement, the price of EOS fell 15% to around $3.

Larimer developed the Delegated Proof-Of-Stake (DPoS) consensus algorithm and Graphene technology. He was behind the Steem, Bitshares and EOS projects.

Larimer has been criticized by users for his habit of abandoning his own projects after crowdsales.
Recall that last May a class action lawsuit was filed against Block.one and Dan Larimer in the US. The plaintiffs accused the defendants of providing false information and conducting an unregistered sale of securities.

Block.one launched the social network voice.com ahead of schedule in July – but only US residents had early access.

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