EOS is currently the subject of strong criticism, since the user accounts of a number of network participants were frozen.
Critics say that the ability of EOS to close accounts arbitrarily, currencies compatible with the Central function of Crypto and decentralization.
In EOS, a few complete strangers can freeze what users thought what their money. Under the EOS protocol you must trust a “constitutional” organization comprised of people you will likely never get to know. The EOS “constitution” is socially unscalable and a security hole. https://t.co/WusEqBMGBp
— Nick Szabo⚡ IPhone App (@NickSzabo4) June 19, 2018
A Twitter user pointed out the basic errors and it is joined by more and more commentators referred to the EOS-authorities as “judge, Jury, and executioner”.
The defenders of the Blockchain indicated that this was still a better solution than that of Ethereum, Ethereum’s Blockchain was geforked.
The reason for the closure of seven user accounts was that they were considered as by Phishing activities affected. EOS plans to create a democratic means to decide such important cases, known as the EOSIO Constitution. This was currently not (yet) available and yet powerful block producers have made the decision to enter and the accounts freeze.
While the authorities stick to their decision, many are concerned because the term “authority” is contrary to the egalitarian spirit of crypto-currencies.
😂 Is that a joke? Its called EOS “Authority”. BRO, of course its not decentralized #madfacepalms
— Jeremy Burr (@psyburr) June 17, 2018
The new criticisms come only a short time after the EOS Blockchain went after only 2 days of operation in the knee. The defenders of the platform have rightly pointed out that EOS is a new technology and problems, for critics of the crash was a Symptom of hastily written code and a worrying centralisation.
And this isn’t the first time EOS has been called out for its lack of decentralization. According to a report by trust nodes, 50% of all #EOS token are held by just 10 addresses, and 1,000 addresses account for 85% of the total amount of EOS token. So much for #decentralization. pic.twitter.com/RMhmhJjC0O
— Ryan Fay (@ryancfay) June 17, 2018
The centralization is already for some time been reason for criticism of the platform, and also the fact that powerful individuals hold the majority of the capital of the platform. Individuals within EOS to explain this with the large stock exchanges-Wallets.
Whether this answers the concerns of the critics of the law, has not been confirmed, despite the raising of a previously unimaginable amount of 4 billion US dollars, EOS has experienced a fairly difficult Start.