BlockchainKid has finally launched an EOS Block Producer (BP) rating system that is known as Mereo. The platform uses an advanced scoring methodology in which it evaluates over 50 different BP across multiple governance and community value-add pillars. The intention is to develop a comprehensive relative performance ranking system.
EOS has been created by Block.one. The network works with a governance system in which EOS token holders elect 21 BPs to run the blockchain. That means that interest of the BPs should be in line with the users and what they expect about the network.
Mereo wants to create a new way to evaluate each of these BPs to tackle fraud and other issues that might arise in the selection process. BlockchainKid has been explaining in different Medium posts which methodology he uses. Each token held by a user is a vote, and these votes can literally be bought. The Mereo system will be rating how separate accounts voted for a BP. At the same time, it will not be taking into account how many tokens these accounts have.
Don’t outlaw vote-buying, it’s impossible to enforce. Instead make it obsolete by better incentivizing token holders by other means. That’s the beauty of @ChintaiEOS and #REX. That’s the beauty of @eos_io. #eos $eos pic.twitter.com/sAOMBcJjKZ
— EOS New York (@eosnewyork) October 3, 2018
Those BPs that will provide information about themselves will have better ratings than those with little information. The technical prowess and dedication of technical resources to an account’s BP Node is also taken into account.
BPs will be earning more points for producing content and educational material. That includes hosting meetups and developing a wide variety of software tools used by the community. However, BlockchainKid admits that the category could be subjective in some way. This is why the user says that it will be developing it very cautiously in the future to avoid conflicts.
Most of the criteria used for BPs is not automated. Much of this information relies on voluntary disclosure, and also uses different sources such as LinkedIn.
EOS has been accused of having a problematic voting system. According to several reports, it has captured special interests. Nonetheless, Block.one has provided an answer to this situation and accusations. At the moment, there is no clear solution about this issue and about the effectiveness of the governing method used by the platform.