EOS News and Price Overview: Block.One May Start Voting on EOS Governance. Tuesday, July 10
Important EOS News
Block.One May Start Voting on EOS Governance
Block.one, the company behind the EOS platform has since the launch of the platform allowed users to exercise authority over governance decision. That though may soon change as the company announced that it may be exercising voting right in decision-making system of the platform.
This has surprised many who are aware of the decentralized projects vision. Since launch on June 14, the company has shown restraint in the exercise of voting right, but had rather allowed users make even difficult decisions.
Controlling 10 percent of the one billion tokens in circulation means that the company would effectively be in control of the network. Many analysts have shown surprise at the decision and rightly so.
"I find it problematic that Block.one is now involved in selecting block producers, as it undermines their role as a neutral third party, and affords them a significant amount of influence over the network," Arianna Simpson of Autonomous Partners said in an email to Coindesk.
EOS New York Alleges BP Crash
EOS has been buffeted by a series of controversies since launch. There have been allegations that 2 percent of the coin holders own 90 percent of all eos in circulation. As if that’s not enough distraction for a network that observers are saying is centralized in a few hands, the New York EOS has recently alleged that the some block producers actually crashed when the network capacity exceeded 1 GB.
In a tweet, the NY EOS wrote, “Some Block Producers crashed when RAM usage on EOS exceeded 1GB tonight. Either they only had 1GB or they did not configure their node to properly set it at 64GB. This is a violation of the regproducer agreement. EOS New York produced on schedule. We are still confirming details.”
The outlook for the coin is still good on a general level though as it still trades inside the July 2 high-low range.
EOS/USD Price Chart, Tuesday July 10th:
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Please remember that investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops.We do not encourage our readers to any kind of behaviour or financial decisions. We believe that everyone should make their own and in depth research on the particulat topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, other experts and community discussions, yet they cannot be considered any type of financial advise.
You may also like
EOS Surges On With A 5% Spike, Is A $10 Position Possible?
EOS Bounces Back With A 10% Surge Following The Market’s Worst Drop Of The Year
EOS Drops By 22%, A Day Of Losses For The Market
EOS Price: Still Running Into Trouble With The Bears Despite Impressive Rally
EOS Price: Still Recording Gains As The Project Comes Under Fire Over Centralization
Block.one CEO Sends A Heartening Message About EOS - EOS News
You need to login to create comments.