Dan Larimer Of EOS Resigned From His CTO Position at Block.One

Dan Larimer of EOS decided to resign from his CTO position at the development company Block.one so let’s read more In today’s EOS news.

Block.one made history after it raised $4 billion worth of crypto for its initial coin offering of EOS which is a blockchain built to compete with Ethereum and other smart contract networks and its main project is EOS. Before Block.One and EOS, Dan Larimer was involved in a blockchain-based social media publishing service Steem as well as BitShares. He made the announcement in a blog post that was published on Voice which is a social media initiative founded by Block.one. Dan Larimer of EOS, wrote on the matter:

 “I have worked with Brendan and block.one for the past 4 years and am proud of the EOSIO software I was able to create and launch with the help of an extremely talented group of engineers. Alas, all good things must come to an end. As of December 31, 2020, I have resigned my position as CTO of block.one.”

While the EOS co-founder resigned from his chief technical officer position at Block.one, he still intends to continue working on decentralized technology:

 “I will continue on my mission to create free market, voluntary solutions for securing life, liberty, property, and justice for all. I do not know exactly what is next, but I am leaning toward building more censorship-resistant technologies. I have come to believe that you cannot provide “liberty as a service” and therefore I will focus my attention on creating tools that people can use to secure their own freedom.”

It’s time to abandon Twitter. If you want to follow me then join https://t.co/epHnV9y13Y and subscribe to my mailing list on https://t.co/q79po8kITh. Meanwhile, this may be your last chance to download certain apps from Apple.

— Daniel Larimer (@bytemaster7) January 9, 2021

Larimer didn’t mention if he will stop working on EOS entirely as many in the crypto space think that he will focus on something else like the decentralized finance space, which is actually in line with the ambitions to cultivate censorship-resistance technology. EOS’s price dropped right after the news because Larimer was a well-known figure in the ecosystem and he was known to be the face of the project. EOS is now the worst-performing crypto asset in the top 100 by market cap according to the data of CoinGecko. EOS got down by 15% over the past 24hours and underperformed Bitcoin’s 5% drop and Ethereum’s 1.5% drop. Over the past week, the cryptocurrency gained about 18% against the US dollar.