Thank you for your correction! Here is the revised
### **1. Current Dominant Parties and Background Changes in EOS**
- **Exit of Block.one**：
- After 2021, Block.one gradually reduced its involvement in the EOS ecosystem, shifting towards other projects (like the cryptocurrency exchange Bullish).
- In 2022, Block.one announced **stopping funding for the EOS network** and zeroed out its EOS token holdings, completely distancing itself from EOS governance.
- **Rise of ENF**：
- **EOS Network Foundation (ENF)** was established in 2021, initiated by community members, and is now the core governance and development organization of the EOS ecosystem, dedicated to promoting technical upgrades and community autonomy.
- ENF has led EOS's transformation from the old system controlled by Block.one (EOSIO) to a new protocol of community autonomy (**Antelope Protocol Alliance**).
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### **2. Updated Analysis of Controversies and Risks**
#### **(1) Block.one's Legacy Issues**
- **Resource Allocation Controversy**：Block.one raised $4 billion in the ICO, but only a small amount of funds was invested in EOS development, leading the community to accuse it of 'cashing out'.
- **Technical Debt**：The technical architecture during Block.one's period (such as resource model, governance rules) has flaws, and ENF needs to gradually fix them.
#### **(2) Improvements and Challenges in ENF Governance**
- **Decentralization Efforts**：
- ENF promotes community voting to decide on the use of funds and established a core working group (Core+) to develop key protocols.
- **New Controversies**：
- Increase in token inflation rate (from 1% to 3%), some community members are dissatisfied with the dilution from increased issuance.
- Ecological recovery is slow, with the number of DApps and user activity still lagging behind competitors (like Ethereum, Solana).
#### **(3) Ongoing Legal Risks**
- **SEC Regulatory Pressure**：Block.one's settlement agreement does not fully exempt EOS, and it may still face regulatory scrutiny in the future.
- **Token Value Depression**：EOS price has long been below 2 dollars (around 0.7 dollars in July 2024), market capitalization has fallen out of the top 50.
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### **3. New Arguments from Supporters**
- **Transition to Community Autonomy**：The establishment of ENF marks EOS's departure from Block.one control, becoming a truly community-driven chain.
- **Technical Upgrades**：
- Antelope protocol has upgraded smart contract performance and supports cross-chain interoperability.
- Launched EVM-compatible solutions (EOS EVM) to attract Ethereum ecosystem developers.
- **Strategic Partnerships**：ENF collaborates with organizations like Google Cloud and Galaxy Interactive to explore gaming and Web3 scenarios.
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### **4. How to Assess EOS's Risks Currently?**
- **Not a Scam but High Risk**：EOS has real technology and community, but needs to face the following issues：
- **Difficulties in Ecological Reconstruction**：Users and developers need time to regain confidence；
- **Token Economic Model Controversy**：Inflation rate and utility still need optimization；
- **Intense Market Competition**：The high-performance public chain track is crowded (new chains like Aptos, Sui are making an impact).
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### **5. Revised Proposal**
1. **Pay Attention to ENF Dynamics**：Track governance proposals and technical roadmaps through ENF's official website (http://eosnetwork.com) and community forums.
2. **Assess Ecological Progress**：Check EOS on-chain DApp data (such as DappRadar) to judge whether actual applications are growing.
3. **Beware of Volatility Risks**：EOS price is significantly influenced by market sentiment and ENF decisions, avoid high-leverage trading.
4. **Participate in Community Governance**：If you hold EOS, you can influence network decisions (such as resource allocation, inflation rate adjustments) through voting.
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### **Summary**
EOS has transformed from Block.one's 'star project' into a community autonomous public chain, **technically feasible but ecological recovery is challenging**. Its future depends on ENF's governance capabilities and developer attractiveness, **risk is higher than mainstream public chains, caution is advised before making decisions**.
