LOS ANGELES (October 29, 2018) –- shEOS, the only female-founded block producer on the EOS.IO network, today announced the EOS21 Protocol, allowing users to teleport ERC20 tokens to EOS. Conceptualized by Sense CEO and shEOS co-founder Crystal Rose, EOS21 is open-source protocol and the first of its kind to enable seamless cross-chain token movement from ETH to EOS. The protocol was constructed on the premise that developers should have the technical and creative freedom to move their tokens to any chain they want, and it represents an important step towards blockchain interoperability and communication.

To date, the way this was typically done was through the “snapshot” method. This method has been commonly used by token “airdrops” to send to accounts on ETH or EOS chains that match certain criteria such as having an address with at least X balance of the chain’s native token. For instance, the EOS native token generation from the ERC20 was a snapshot airdrop. EOS was able to do this by expiring their ERC20 contract thereby making the ERC20 EOS tokens non-fungible.

With the EOS21 protocol, shEOS is providing another option for ERC20 contracts that do not have a built-in pause/expiry function but who want to move their token to another chain. This new action is called “teleportation”. To teleport a token from one chain to another, it will exist on the destination chain, but no longer exist in a fungible form on the source chain.

“Each blockchain offers certain qualities that make it more appealing depending on the needs of the dApp developer,” explained Sense CEO and shEOS co-founder Crystal Rose, who’s Sense token will be the first token to use this new protocol. “Core to our support of the EOS network is our belief that this blockchain is particularly suited to dApps, and we expect 2019 to be an absolutely massive year for dApps.”

The EOS21 protocol is an open-source program, where users are encouraged to customize, fork, and use the code. For full technical description and instructions please visit: https://sheos-org.github.io/eos21/

“As one of the most well-funded startups in the world, EOS technology has the ability to bring blockchain to the masses on a daily basis,” said Emily Bush, Co-Founder and CEO of shEOS. “Our primary commitments remain flawless stewardship, and supporting the success of the EOS network with technical input and testing at every stage of development. The EOS21 protocol is the latest example of this.”

About shEOS

shEOS is the first female-founded Block Producer on the EOS blockchain network. The organization is self-funded, and independently led by a team of international entrepreneurs, technologists, and engineers, each distinguished and recognizable members of our field. Through the shEOS Foundation, shEOS recently announced the shEOS Scholarship Program to sponsor technology scholarships for young girls who live in marginalized 2nd and 3rd world countries. For more information, visit http://sheos.org/.

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