EOS Developers Admit Accusations Of Collusion Between Block Producers
Brendan Blumer, the head of Block.one, the company-developer of EOS public blockchain network, acknowledged the existence of claims against the voting nodes, as reported in the official blog.
The EOS protocol is publicly managed by block producers (authorized organizations and industry leaders), which supervise the network and confirm transactions by voting. The decision is usually made by the majority of such nodes, and there are 21 of them.
10/1/2018 Statement: EOS Public Blockchain Governancehttps://t.co/E5LTk6aWGz— Block.one (@EOS_io) October 1, 2018
Recently, the leading EOS block producers were accused of collusion and mutual voting. In particular, Huobi, the Chinese crypto exchange, was among the key suspects in shady activity.
Previously, the documents, allegedly belonging to Huobi, appeared in the web. These were spreadsheets with the data on nodes mutual voting and income statements. The leak was posted in the EOSONE blog with the suggestion that EOS block producers vote for each other receiving payoffs.
A user under the name Maple Leaf Capital explained the disclosed documents on Twitter. According to him, the crypto platform voted for 20 other nodes, and, subsequently, 16 of them cast their vote for the decision desirable by the exchange. Also Huobi reportedly received significant payments from three exchanges, on behalf of which the platform voted in the network.
An amateur analyst stated that such transactions cast doubt on the objectivity of decision-making within the EOS network, and assures that at least 12 block producers are subject to Chinese companies.
In response, Blumer said that EOS would continue to improve the democratic electoral process, as well as involve other users in voting to ensure the integrity of the procedure. At the same time, the head of the company did not provide the declared evidence that the charges were denied.
In turn, the Huobi team responded to the accusations with its own version of events.