Block.One’s Beta Launch Of EOS Based Social Network Voice Raises Privacy Alarms

  • Block.one’s Facebook asking for tons of personal data to jo Voice beta
  • More concerning than privacy alarms is the use of data to collect debts & help law enforcement – Weiss Crypto Ratings

Recently, EOS launched the beta of its social network, “block.one’s Facebook” Voice. But the launch raises many concerns, one of them being exactly the one that the social media giant Facebook was criticized about, the same company EOS is challenging with Voice.

In order to join the beta of Voice, the interested participants have to submit their home address, personal photos, and government identification.

This Weiss Crypto Ratings says raises “privacy alarms” but “even more concerning, service tasked with verifying this information may use it to collect debts & help law enforcement.”

“First EOS, now this. Apparently, these guys don't even believe in decentralization. What are they doing in this industry?” commented Weiss Crypto Ratings.

Change of Plans

Back in June Block.One, the company behind the largest initial coin offering (ICO) in history announced Voice, a new kind of social network that verifies the identity of every single account and has a native cryptocurrency, that’s to be launched on the EOS mainnet.

However, recently it was revealed the plans have changed. The frequently asked questions on the Voice website states the new application would run on a private deployment of EOSIO software and there might be no chance of it running on EOS ever. The FAQ reads,

“While Voice is in beta and a highly iterative state, it will be run on a purpose-made EOSIO blockchain. In time, we would like Voice to leverage the EOS Public Blockchain, and potentially others that can meet the performance and governance demands of Voice.”

It's worth noting that in the past, EOS had performance issues, just a few months back, a dapp EIDOS clogged the network, that could be a potential reason behind this decision.

Moreover, crypto exchange Binance stated in its latest research that the delegated Proof of Stake consensus network is “victim of its governance, where the largest EOS holders further consolidate their position and hold all the power.”

EOS Live Price

1 EOS/USD =$2.5175 change ~ -0.71%

Coin Market Cap

$2.35 Billion

24 Hour Volume

$296.3 Million

24 Hour VWAP

$3

24 Hour Change

$-0.0179

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,428FansLike
2,795FollowersFollow
4,177FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%. Meanwhile, Network Demand Score which is a metric incorporating network...

Ledger and Trezor Crypto Wallets Dismiss ‘Rumored’ Hack Through a Shopify Exploit

A hacker has allegedly compromised the databases of Ledger, Trezor, Keepkey and Shapeshift hard wallets in a Shopify exploit. These storages are considered to...

Tulip Trust Addresses are Used by Someone to Sign “Craig Wright is a Liar and a Fraud”

Some of the addresses that Craig Wright, who claims himself to be the pseudo-anonymous bitcoin creator Satoshi Nakamoto, has filed in the ongoing court...

Bitcoin Market Outlook: A Long Game Looking Bearish in the Short Term

Last week, the price of bitcoin dropped below $9,000 and has been trading under $9,300 throughout the week. On the weekend, we yet again dropped...

Institutional Investors Are Scooping Up All the Newly Minted BTC, Leaving Not Much Left to Buy

Over the last three months, Grayscale Investments bought up to 33% of all newly minted bitcoin. The asset manager continues to stockpile the world’s leading...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today