Since the launch of the Bitcoin network in 2009, Daniel Larimer has been an active developer in the blockchain space, leading the launch of several high-profile cryptocurrency platforms, including BitShares, one of the first live implementations of a decentralized exchange, decentralized autonomous organization, and issuer of custom digital assets; Steemit, the first social media platform built on the blockchain; and EOSIO, a free, open-source protocol designed to bring speed, scalability, and easiness to the blockchain.
In 2018, Block.one released the EOSIO protocol, which has since been maintained and implemented by a community of open-source developers. The EOSIO developer community has created a slew of blockchains, including the well-known EOS Public Blockchain. The EOS Public Blockchain is not owned, maintained, or monitored by Block.one.
The introduction of the Voice social media platform, a decentralised, censorship-resistant alternative to incumbent platforms that rewards quality content and curation through a token system similar to Larimer's previous project, Steemit, was one of the highlights of EOS in 2019.
Block.one, the firm behind EOS, was fined $21 million by the Securities and Exchange Commission for conducting an unregistered securities offering that raised $4.1 billion over a year. Given the established precedence, this sparked a discussion on industry best practises for token sales moving ahead.