EOS voting structure encourages centralization
EOSIO, the blockchain protocol created by Block.one, saw its popularity skyrocket in the past year. The network is facing problems of increased geographical centralization—which could be problematic for the protocol’s security and trustworthiness.
How does EOS work?
Launched on June 14, 2017, EOS is a young but popular blockchain protocol designed to host decentralized applications (dApps) and decentralized autonomous corporations (DACs). It was created by Block.one, a Cayman Island-based company headed by two veterans of the crypto industry, Brendan Blumer and Dan Larimer.
The platform is built on a delegated proof-of-stage (DPoS) consensus algorithm, which uses “token-holder voting” to govern the EOS network.
For more details: https://cryptoslate.com/eos-voting-structure-encourages-centralization/