Dan Larimer resigns as Chief Technology Officer of Block.one development company.
Block.one made history when it raised $ 4 billion in cryptocurrency for the first time mint offering from EOS, a blockchain built to compete with Ethereum and other smart contract networks. Block.one’s main project is EOS.
Prior to Block.one and EOS, Larimer was involved with blockchain-based social media publishing service Steem and Bitshares.
He made the announcement in a short post published on Voice, a social media initiative founded by Block.one. The EOS pioneer wrote on the matter:
“I have worked with Brendan and block.one for the past 4 years and am proud of the EOSIO software that I have been able to create and launch with the help of an exceptionally talented group of engineers. Unfortunately, all good things have to come to an end. As of December 31, 2020, I resigned my position as CTO of block.one. “
Larimer’s Future Ambitions
While the EOS co-founder is stepping down from Block.one, his intention is to keep working on decentralized technology:
“I will continue my mission to create a free market, voluntary solutions for securing life, freedom, property and justice for all. I’m not exactly sure what’s next, but I’m leaning towards building more censorship-resistant technologies. I have come to believe that you cannot provide “freedom as a service” and so I will turn my attention to creating tools that people can use to secure their own freedom. “
Larmier has not said whether he will stop working on EOS as a whole.
Many in the crypto space are speculating that he will then focus his efforts on decentralized financing, which would be in line with his ambitions to cultivate censorship-resistant technology.
EOS price falls
The price of EOS dropped in response to this news, as Larimer is a well-known figure and has at times been seen as the face of the project.
According to CoinGecko, EOS is currently the worst performing crypto asset in the top 100 by market capitalization. The cryptocurrency is down 15% in the last 24 hours, underperforming Bitcoin’s 5% drop and Ethereum’s 1.5% drop.
In the past seven days, the cryptocurrency has gained 18% against the US dollar.
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Featured Image from Unsplash Chart from TradingView.com Price Tags: EOSUSD, EOSBTC EOS Co-Founder Larimer Resigns From Post as CTO of Block.one