According to the announcement issued by the EOS Network Foundation (ENF), four blockchains based on the EOSIO protocol, including EOS, Telos, WAX and UX Network, announced the formation of an alliance and combined their development resources to take over the core of the EOSIO protocol that is the basis for these blockchains development of the code, and committed to an annual budget of $8 million for core developers and outsourced developers in 2022.
They will work together to reshape the EOSIO technology stack and develop code to bring additional security and new features to the core of the protocol.
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