More EOS worries as Block.one takes over BP voting

29 Jun, 2018
by David Robb
News
More EOS worries as Block.one takes over BP voting

Block.one, the company behind EOS, has taken over BP voting for EOS, using its large stake. Concerns have been raised on Twitter about the amount of influence that it will now have over the network, and whether EOS can legitimately be considered a decentralized system.

Block.one was a recipient of 10% of the initial EOS token allocation.

According to a statement on its website, "Block.one recognizes its responsibility to participate as an active minority voting member. As such, our approach has been carefully considered, and Block.one will soon begin allocating votes to block producers that share the core values necessary to maximize the integrity and potential of the EOS public blockchain network."

There is also a recommendation that the number of block producers that can be approved per account be increased from 30 to 50.

Observers have pointed out how much power Block.one will now have, in terms of who gets to produce blocks. Despite claiming it is a 'minority', the 10 percent stake that it has is more votes than most of the top BP candidates will receive, effectively enabling it to control what is supposed to be a democratic process.

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