EOS Community Is Challenged After Node Announces Financial Rewards for Votes

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

 The EOS blockchain protocol angered decentralization proponents yet some other time. In particular, Starteos, one of EOS’ authoritatively authorized Block Producers (BPs), appeared to publically offer its token holders budgetary rewards as an end-result of their votes.

Starteos’ vote-purchasing inclinations appear to fall in accordance with past embarrassments revolving around EOS: This year, the blockchain protocol reversed recently affirmed transactions and began an interior examination after Huobi, its different BP, was blamed for running a defilement conspire, in addition to other things.

EOS.io is a blockchain-controlled savvy contracts convention for the advancement, facilitating and execution of decentralized applications (DApps). It was propelled in June 2018 as open-source programming, while the primary test nets and the original white paper emerged prior in 2017. The stage was produced by block.one, a startup enrolled in the Cayman Islands and lead by Daniel Larimer and Brendan Blumer.

EOS has raised the most assets amid its Initial Coin Offering (ICO): The startup figured out how to gather around $4.1 billion worth of ventures, subsequent to raising money for about a year. That number stays unmatched to date.

Explicit vote buying seems to contradict decentralized and democratic blockchain policies advocated by the EOS administration and the project’s original white paper. Its co-founder and  chief technology officer, Daniel Larimer, wrote soon after EOS mainnet went live:

“EOS is fundamentally different from other governments and blockchain communities in that its community wishes to operate at the highest possible ethical standard of voluntary consent and non-violence.”

More specifically, Starteos’ winter promotional campaign seems to violate Article IV of the current EOS constitution titled “No Vote Buying,” which states the following:

“No Member shall offer nor accept anything of value in exchange for a vote of any type, nor shall any Member unduly influence the vote of another.”

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