EOS is too centralized, with one block producer controlling six locations

A recent investigation revealed that a single entity controls the six largest blockchain producer positions in the world. This revelation has led to severe criticism of EOS consensus. Many shareholders have questioned the operation of the platform, which is based on the blockchain framework.
Some suspect an uneven playing field, as the disclosure goes against the fundamental principle of blockchain technology: a decentralized network. By any standard, a single EOS blockchain controlling up to six blockchain producers is considered too centralized.
Some producers have an unfair advantage
On November 28, a tweet from the New York EOS base confirmed that there may be some wrongdoing within the organization. The EOS network may be too centralized, which is contrary to the principles of the framework as a decentralized platform.
1/ EOS's six registered producers are managed by one entity. This is unacceptable. We have requested signatures from the first 50 registered producers so that all token holders know who supports and does not support this misconduct. Please read the proof and URL link:
pic.twitter.com/5ZhFvOWqPB
— Kevin Rose (@kroseranger)
November 27, 2019
Based on this fact, the EOS network decided to ensure that operations and its activities are more fair and transparent to shareholders.
In a tweet, the EOS network said it had requested signatures from all 50 registered block producers to correct the anomaly within the framework. This request is necessary for token holders to understand which blockchain contributor was involved in a control operation beyond their control.
The failure of EOS DPos consensus
Currently, the EOS platform is one of the largest smart contract platforms in the blockchain community. While some other platforms use the Proof of Work system as their consensus method, the EOS platform adopts DPoS.
Generally, blockchain producers act as miners and obtain positions through shareholder voting. These producers can contribute to network infrastructure and community growth by staking their portfolio. The amount of investment they make can help them obtain more positions.
From this perspective, the EOS ecosystem has the potential to become centralized due to the enormous power these block producers have in the ecosystem.
Additionally, those who are interested in becoming block producers will find it difficult to be elected to the position because the existing block producers have overwhelming power. To address this issue, EOS New York advocates for the exclusion of these block producers to create a level playing field within the EOS ecosystem.
EOS has proposed removing these producers: eosrainbowbp, eosathenabp, eosunioniobp, eoszeusiobp1, validatoreos, and stargalaxybp.
Even before this, the EOS blockchain community had expressed their views on this issue. Some believed that if the voting model and governance could be changed, the EOS platform would be decentralized again.
Join our Telegram channel for the latest breaking news coverage.