#centralized

Cost of Centralization? 2.09 Million EOS Tokens

March 1, 2019 by Priyeshu Garg at Blockchain, Crime, Exchange, News

An unidentified hacker on February 22, 2019, made away with 2.09 million EOS worth about $7.7 million after a new active EOS Block Producer failed to update the mainnet account blacklist - typically, a decentralized platform should not be vulnerable to a single point of failure - but EOS seems...

EOS Technical Chief Feels Account Censorship is a Flaw, Wants to Change “Constitution”

June 28, 2018 by Joseph Young at Altcoins, Blockchain, Business, News, Regulation, Tech

Dan Larimer, the chief technical officer of EOS who previously created Bitshares and Steem, has stated the authority of the EOS Core Arbitration Forum (ECAF) over the network and its ability to censor, suspend, and confiscate user funds and accounts should be restricted. The EOS Controversy Even in disputes during...

Weiss Rating: “Love” EOS but Centralization Remains a Concern

June 14, 2018 by Shaurya Malwa at Altcoins, News

In the latest report by Weiss Ratings, one of the few cryptocurrency rating firms, the potential of EOS blockchain project is put under much limelight. Weiss EOS 101 From a bird’s point of view, the rating agency seems to be optimistic about EOS’ potential to provide what Ethereum had promised...