New User-Friendly Explorer for EOS Developers Released By Block.one

Omar Faridi

Block.one, a Cayman Islands-registered firm focused on publishing open-source software for EOS, one of the largest cryptoasset platforms for building and deploying decentralized applications (dApps), have released the EOSIO Explorer.

Improving Developer Experience With New Web-based Explorer

As explained in a blog post published on May 21st, 2019 by Block.one, the EOSIO Explorer is a new web-based graphical user interface (GUI) which has been designed to “improve the developer experience.”

According to Block.one, the newly developed Explorer will make it easier for EOS software architects to “interact [with] and monitor” dApps being built on the zero-fee smart contract platform.

“Easily Explore Blocks In Their Development Nodes”

As noted in EOSIO’s blog, developers had been using a command-line interface (CLI)-based software tool kit to manage EOS-based apps. Although the CLI provided a “functional” environment for developers, Block.one’s blog explained that working through a CLI is not user-friendly. It is also more difficult for developers who may not have enough experience working in more traditional CLI environments, Block.one’s management stated.

According to Block.one:

Using the EOSIO Explorer and their browser, developers can now easily explore blocks in their development nodes, create and manage their development accounts and keys, [and] quickly generate new transactions or resend transactions sent previously.”

Designed To “Reduce EOSIO App Development Time”

The developers at Block.one also mentioned that uploading smart contracts through a “graphical drag-and-drop interface” will make it more intuitive to create dApps on EOS

As noted in Block.one’s blog, the latest web-based software tools have been created to help developers ”reduce EOSIO app development time through a number of ways and makes EOSIO smart contract development more accessible to a diverse cohort of developers.”

New SDKs Supporting Java And Swift Programming Languages

Notably, Block.one has also released new software development kits (SDKs) to support Java and Swift programming languages on the EOS blockchain.

Per Block.one's development team:

The tools [have] been built with developers and development teams in mind, supporting both smart contract developers and front-end EOSIO app developers. Teams are able to work together using the EOSIO Explorer via the local single-node testnet that the tool provides.

Bitcoin Proponents Debate a Potential Hard Fork for Inflation

  • Bitcoin Advisory founder Pierre Rochard is asking bitcoin community to consider the implementation of inflation.
  • Rochard argues that transaction fees alone may not be enough to sustain miners in the future. 

Pierre Rochard, founder of consulting firm Bitcoin Advisory, has addresed a debate in the bitcoin community over whether transaction fees will be high enough to support the network’s continued use. 

Bitcoin Inflation Debate

According to Rochard, who is also a self-proclaimed proponent of BTC’s scaling solution lightning network, the community must question whether transaction fees alone will be enough incentive for miners in the future. As outlined in the original white paper, bitcoin’s total supply is limited to 21 million coins. 

While the final BTC is not expected to be minted until after the year 2140, the block reward will continue to decline over the coming century. Miners, who facilitate transactions and secure bitcoin’s network, will have to rely more upon transaction fees as a source of income, as BTC rewards continue to fall.

Some are now arguing that bitcoin may need to introduce perpetual inflation to remedy the situation, which would mean altering the original 21 million BTC total supply.

Rochard said, 

There’s an open question of will transaction fees be high enough – or in the aggregate total – enough to provide transaction finality...will bitcoin have to hard fork in inflation?

The Bitcoin Advisory founder asked the community to consider the state of altcoins, many of which operate on an inflationary protocol. Rochard acknowledged that confirmation bias may be clouding judgment in regard to bitcoin’s managed development and that the potential for inflation should at least be considered, 

There’s confirmation bias. We’re all very bullish on bitcoin, I certainly am, and so we want to pick out arguments and facts that support our position rather than trying to see all sides of a debate and have a more balanced view. Or at least have some level of uncertainty and self awareness in how much support we actually have for our arguments.

Future of BTC

Rochard pointed to an article written in 2015 by Silicon Valley entrepreneur Ryan Selkis, under the name TwoBitIdiot, arguing that bitcoin needed inflation despite the controversy of the idea. He also pointed to the increase in block size from 1MB, which at the time was considered blasphemous to bitcoin’s protocol, as analogous to the idea of introducing inflation. 

Rochard concluded that the bitcoin community has “a good 10 to 20 years to argue about it,” before inflation becomes a pressing issue. 

 

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