EOS network for $ 4 billion stopped working

The EOS team, having spent the longest and most fruitful ICO to date, taking money from investors for $ 4 billion, failed to create a working network. This is a fact: two days after its launch, on June 16, transactions in it were completely stopped for several hours. The problems were recognized by the EOS team, placing an appropriate tweet on their page in the social network Twitter. Based on the text, it was clear that the problems were perceived to be so serious that even the timing of troubleshooting was not reported. The creation of new blocks was stopped. By the end of June 16, the network has earned, but now there is no guarantee that it will not break again.

It is curious that a joint teleconference was held with the holders of 21 key nodes to troubleshoot problems. This means that the declared independence of each node can be a fiction, and their owners can, including through such teleconferences, not only get to know each other, but also coordinate actions. I want to believe in the best, but the power of the holders of 21 knots is huge. In accordance with the so-called "EOS Constitution", the altcoin command can not only freeze user accounts and block transactions, but also confiscate the funds that they have.

Curiously, the developer of EOS, Daniel Larimer, defending the basic rules of EOS, said: "Before we say that we write excellent software codes, we will create a system that will allow us to repair bad codes. The code is not something unshakable. " However, the "repair" of the network is handled by a narrow group of people who can in principle do something that is more in their interest than in the interest of other users of EOS. They are the main beneficiaries of rewards when creating new blocks.

Note that the power of these node holders is reinforced by the fact that they own the largest states in these altcoys. How can I not remember that the launched main-net EOS was criticized by Vitalik Buterin, who saw the problem as centralized. But Buterin, as they say, is not without a sin: Ethereum, though not recognized by the US Securities and Exchange Commission (SEC) for securities, is nevertheless far from being called an ideally decentralized cryptonymet.

Problems with the EOS network led to the fact that in the top 10 of the crypto-currencies the most severe losses were incurred by this altcoyin: for a day on June 16, it lost 3.23%, falling to 10.5 dollars, having increased by 54.12% decrease from the maximum value at 22.89 dollars, which was observed on April 29. From the beginning of the same week, the current loss amounted to 19.5%.

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