Controversy In EOS Network Highlights Dangers Of Delegated Proof Of Stake Approach & More

DAILY CRYPTOS ESPRESSO – news from 28 Nov 2019

The EOS network uses a delegated proof of stake approach. The validation of a transaction block is entrusted to special entities named Block Producers.

There are 50 of them, and it can lead to obvious centralization issues.

Now one of them, named “EOS New York”, claims that a single entity owns six of the other 49 BP’s. It means that the EOS network could become monopolized by a cartel of few.

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