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EOS community fights back against ‘whales’ controlling its blockchain

Friday, August 17, 2018 by Piyush Suthar | Comments

Home News Tech EOS community fights back against ‘whales’ controlling its blockchain

The EOS community is growing anxious that its blockchain is really being controlled by a select few. A petition has been drafted to introduce voting limits to protect small-time token holders against the influence of whales.  EOS runs on Delegated Proof-of-Stake (DPoS) to determine who validates blocks on its blockchain: instead of miners though, it uses so-called block producers (BPs). The idea is that those who have invested more money should have a stronger voice when it comes to making important decisions, as they have more to lose – but there is currently no limit to the amount of votes…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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