Trusted

EOS CEO Acknowledges ‘Unverified Claims Regarding Irregular Block Producer Voting’

1 min
Updated by Adam James
Join our Trading Community on Telegram

In Brief

  • Popular Altcoin May Be Failing to 'Decentralize Everything'
  • promo

Block.one CEO Brendan Blumer has publically responded to allegations that EOS block producers (BPs) have been colluding and mutually voting.
Blumer did not deny nor condone such practices. Accusations of collusion stem primarily from what claims to be a leaked Huobi spreadsheet from Eosone — which apparently featured tables like “node mutual voting table” and “node income statement.”

‘Decentralize Everything’

EOS has previously come under scrutiny for its apparent lack of decentralization, despite claiming that the project’s plan is to ‘decentralize everything.’ The platform has 21 block producers, of which 12 are Chinese. It is BeInCrypto‘s view that EOS is not exactly a shining example of decentralization. EOS

‘Completely Predictable’

Ethereum co-founder Vitalik Buterin took to Twitter to comment on the allegations, unsurprisingly bashing the self-professed ‘Ethereum killer.’

Saying Nothing

Blumer essentially provided a non-answer to the question of collusion among EOS block producers. Instead, the CEO merely provided some PR speech. Not everyone shares his optimism. What do you think of EOS and the alleged collusion among block producers? Let us know your thoughts in the comments below! 
Top crypto projects in the US | November 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
3Commas 3Commas Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | November 2024
Coinbase Coinbase Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
3Commas 3Commas Explore
Chain GPT Chain GPT Explore
Top crypto projects in the US | November 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

images-e1706008039676.jpeg
Advertorial
Advertorial is the universal author name for all the sponsored content provided by BeInCrypto partners. Therefore, these articles, created by third parties for promotional purposes, may not align with BeInCrypto views or opinion. Although we make efforts to verify the credibility of featured projects, these pieces are intended for advertising and should not be regarded as financial advice. Readers are encouraged to conduct independent research (DYOR) and exercise caution. Decisions based on...
READ FULL BIO
Sponsored
Sponsored