the blockchain network that has been live for just over a week, is raising eyebrows for its unconventional approach to governance – again.
The order has attracted a wave of criticism from within and outside the EOS community, although it also has its defenders. For critics, the order demonstrates that EOS is not, in fact, a decentralized network, but subject to control by something akin to a government.
EOS' approach to governance is new for a major blockchain project and, for now, largely untested. EOS' code was written by Block.One, the company that also conducted the year-long ICO to fund EOS' launch. Block.One stepped back prior to the launch, however, in order to allow the community to carry it out.
The ECAF, meanwhile, was created to resolve disputes – including, it would seem, by ordering block producers to refuse to process certain transactions.
Delegated proof of stake, as the consensus mechanism is called, gives the 21 elected "block producers" the responsibility to maintain the EOS blockchain – meaning they also have the power to censor transactions.
Hi EOS looks good. we have to invest in Eos .
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