From its draconian constitution to its seeming censorship of accounts, to outright threats of lawsuits to block producers, the scandals seem to be appearing on a daily basis. Since EOS began its rocky launch, many members of the cryptocurrency community have expressed doubt and distaste for the way in which EOS is handling itself. Read Also: Beginners Guide to EOS Accusations of centralization and manipulation Alignment on the EOS Constitution, the latest of which can be found here.įinally the post gives a recommendation that in order to “facilitate maximum community choice”, the system contract should be updated to “support approval of 50 producers per account compared to the 30 currently allowed”.Compliance with the Ricardian Contracts entered into when becoming a block producer.24/7 timeliness in processing transactions, upgrading the network, and emergency response.Abides by smart contracts and programming of network participants, in the absence of proven systemic bugs.Transparency of identity, activities, and decision-making.Most of them are fairly boilerplate, and include “honesty, integrity, and fairness” as well as a total “alignment on the EOS Constitution”. According to the statement, Block.One considers itself an “active minority voting member” and that their approach to their participation has been “carefully considered”.Īs for who they will vote for, they claim that they will be focusing on which block producer will follow a number of values and considerations that they have outlined. The company released a statement on June 28 in regards to their decision to participate in this process. So, can now singlehandedly pick the BP list for #EOS. The current winning range of votes for BPs is 29-49mn. ( has decided to take over BP voting by using their 10% stack: Seeing that Block.One holds 90 million tokens, this means that at current voter turnout rates, they can effectively choose every block producer with each vote. 2 Accusations of centralization and manipulationĪccording to Twitter user currently it only takes somwhere between 29 and 49 million tokens worth of votes to elect a block producer.This allowed one blacklisted account to quickly move 2.09 million EOS tokens to other addresses, spreading them throughout the network faster than other block producers were able to react. games.eos became the latest entity to achieve block producer status, it failed to correctly update the list of blacklisted accounts. The community update did try to explain what went wrong but The exploit has widely been referred to as a hack. EOS Block Producer Model QuestionedĪ couple of weeks back an error made by a newly-elected EOS Block Producer allowed 2.09 million EOS tokens to be moved from a blacklisted account. The referendums clearly state that the block producers and the community is really concerned about the attacks and wants EOS to be a full proof ecosystem for Dapp’s and thrive the competition from Tron and Ethereum. EOS Account Alert Activity Feature Idea- 86% Yes- being the last day.Let’s get Dapp developers to give a portion of airdrops to incentivize users to participate in voting- 100% Yes- being the last day.Lets Combat FRAUD & SCAMS by Creating a Website Checker Dapp- 100% Yes- being the last day.WHITELIST approved sites to interact with chain- 100% Yes- is the last day.– 100% yes – 13 June 2019 is the last day So, Any Dapp or Website Can Match that I.D. Reduce SCAMS by Creating an EOS Platform I.D.Self-governance idea: The community or the bp’s should create a list of good business practices for decentralized dapps, exchanges, or any services executed by EOS – 100% Yes- being the last day.The Referendum and its status are as follows There is also a proposal that suggests a self-governance model. The Reviews which are critical to security and towards reducing fraud and scams are being highlighted and most have got incomplete positive votes. The Block Producers voting model at EOS which votes for referendums before making any changes to project currently shows that there are 74 referendums which are currently under voting out of which 7 would be directly or indirectly affecting Dapp ecosystem. Hence the team of block producers has been making every attempt to up its game against Tron and Ethereum. Combating Fraud and Improving security of Dapp’s key for EOSĮOS has been in news for a month or so with respect to its security concerns and attacks on Dapp.
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