Block.One Now Part of EOS Elections as Centralization OF EOS Network Rages On
Block.One revealed that it will become part of EOS election as the issue centralization of the platform emerges yet again. The company behind EOSIO platform now says it will be taking part in all electoral aspects in order to select Block Producers within the EOS blockchain, Cointelegraph reports.
Through a series of tweets one of the EOS Block Producers known as EOS New York revealed that one company was in control of 6 Block Producers which led to intense criticism that EOS blockchain was being centralized.
For months, EOS has always claimed that it is secured via proof-of-stake which is a delegated model and 21 Block Producers have been designated to take over the operations of the EOS token holders with the sole aim of operating the platform’s nodes. Block.One has always insisted that this model is aimed at offering enhancement to proof-of-work model where the highest performance output is achieved utilizing very minimal energy.
Block.One also explains that maintenance, as well as verification of the EOS platform, needs the coordination of just a fraction of nodes which makes the network have the capability to produce blocks in half a second.
In mid November, the company made an announcement saying it will become part of the participants in elections in order to delegate the EOS Block Producers. The company stated that it held a small portion of EOS token and it also looks forward to using the EOS public blockchain. The company also explained that it held not more than 9.5% of the entire supply of EOS token in circulation. The announcement also explained that that Block.One’s participation was helpful in making sure the EOS network hold on to its health.
The current tweets by EOS New York comprised of screenshots from Whois search results which showed that the domains from EOS Block producers, eosunioniobp, stargalaxybp, eoszeusiobp1, eosathenabp1, validatoreos as well as eosrainbowbp came from one identity going by the name ‘fun eos’ located in Shenzhen, China. The revelations led to massive criticism from industry heavyweights ranging from Vitalik Buterin to Larry Sanger.
1/ Six registered producers on EOS are managed by a single entity. This is unacceptable. We have requested the signatures of the top 50 registered producers so that all token-holders may know who does and who does not condone such impropriety. Read on for evidence and the URLs: pic.twitter.com/5ZhFvOWqPB
— EOS New York (@eosnewyork) November 27, 2019