Leaked document from Huobi suggests collusion between EOS BPs

29 Sep, 2018
by David Robb
Leaked document from Huobi suggests collusion between EOS BPs

The Chinese crypto community has recently shared an internal document from Huobi, one of the EOS block producers. The spreadsheets suggests that there is frequent collusion between BPs, and that the network may be more centralized than many might think.

An EOS investor with the Twitter handle MapleLeafCapital brought attention to this issue. Based on evidence from the leaked data table, the main allegations made were that Huobi and other BPs engage in mutual voting to secure their positions and often collude to gain financial rewards.

The idea that EOS's proof-of-stake voting system can lead to this kind of centralization has been one of the major problems for the project, and the crypto token's value fell significantly in the wake of the BP election process being criticized shortly after the mainnet launch.

Read more: More EOS worries as Block.one takes over BP voting"Technical measures to minimize trust are missing": EOS blockchain faces scrutiny

Ethereum co-founder Vitalik Buterin was one of the main critics of the system's over-reliance on trust, and he responded to these new allegations by claiming that this was the situation he predicted, although he didn't expect it to happen so fast.

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