EOS Arbitrator Returns Disputed Account to Original Owner

EOS Arbitrator Returns Disputed Account to Original Owner

The user’s account was reportedly snatched through a phishing scam, EOS arbitrator returns the account to the original owner; thus, EOS takes even more allegations of centralization

The attack was brought to the knowledge of the EOS Core Arbitration Forum (ECAF) in June this year. An unidentified individual was accused by the claimant of holding his private keys.

The ECAF then froze the account in question and obligated block producers to refuse processing transactions from that address.

After the claimant proved rightful ownership, though signing a memo, the ECAF returned and unfroze his account.

Under the powers afforded to me as arbitrator under Article 6 of the Rules of Dispute Resolution, I, Ben Gates, rule that the account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.

from the EOS Ruling

EOS Hit by an Even More Resounding Centralization Allegation

EOS, which has raised a total of $4 billion during ICO, has been riddled with accusations due to its centralized model of governance. EOS is governed by 21 Block Producers. According to some, collusion by the majority is possible. And that would impede the whole EOS ecosystem.

But as stated by EOS Founder, Daniel Larimer, the platform’s goal is not decentralization. He further says that EOS, BitShares, and Steem are more decentralized than Bitcoin and Ethereum.

EOS

7.98 USD
0.59%

ETH

272.72 USD
0.74%

Related news

Multi-Collateral Dai goes live with Ethereum and BAT as collateral

MakerDAO (MKR) transitioned to the long-awaited Multi-Collateral Dai (MCD) system that allows Basic Attention Token (BAT) to be used as collateral in addition to Ethereum ahead of other tokens. AccordThe post Multi-Collateral Dai goes live with Ethereum and BAT as collateral appeared first on AMBCrypto.
AMBCrypto

Ethereum and Binance Coin to Lead Next Major Rally as Altcoin Season Looks to Prevail

Bitcoin has been outperforming most cryptocurrencies throughout this whole year. Bitcoin’s total market capitalization dominance has been increasing dramatically since January 2018 when it was only at around 30%. Bitcoin reached 50% dominance in January of 2019 and almost broke above 73% only 2 months ago. There has been a lot of discussions about when will altcoins take over or if they will take over at all. Currently, the market seems to be simply following Bitcoin’s steps but what would it take for altcoins to finally get away from Bitcoin? The main reason Bitcoin is so dominant is the fact that it holds most of the cryptocurrency pairs and fiat pairs. A new investor that wants to buy a new cryptocurrency will need to first buy Bitcoin or one of the few major cryptocurrencies in order to exchange it for the one he wants. What are Market Pundits Saying? It does seem that in the past few months, some of the larger cap coins have been exceeding Bitcoin’s performance, BNB has been a clear example throughout the whole year but has slowed down significantly. A crypto pundit Gautam Chhugani tweeted recently about his unpopular opinion of how altcoins will lead the next rally and Bitcoin will simply follow. Unpopular call: Alts will show Bitcoin the way this time. ETH, BNB will lead the rally. Bitcoin will follow. This tweet really started to gain traction when Changpeng Zhao, CEO of Binance, responded with: Popular with me. pic.twitter.com/XnIvE9Wmc6 — CZ Binance (@cz_binance) November 17, 2019 Now, this isn’t necessarily a very objective view as CZ wants altcoins to thrive because of BNB, however, other analysts have also mentioned the possibility of a new altcoin season. CryptoBitLord, a cryptocurrency trader, has said in the past that he believes the bottom for altcoins is in and this is the time to ‘go all in’ if you are into it for the long term prospect. Blockchain advisor and crypto trader, Rand has said something quite similar as well, Inference The sentiment does seem to be positive about altcoins, however, Bitcoin’s dominance is still really high even after losing 4% in the past month. Altcoins still need to prove a lot and it will be puzzling, especially with Bitcoin’s halving coming up soon. Either way, a bull run will avail everyone, altcoins, and Bitcoin. The post Ethereum and Binance Coin to Lead Next Major Rally as Altcoin Season Looks to Prevail appeared first on ZyCrypto.
ZyCrypto

Ethereum’s Transition to Proof Of Staking In Version 2.0 Scheduled For Q1 of 2020

According to crypto news sources, the first stage of the Ethereum network’s transition to Ethereum 2.0 is expected to take place in January of 2020. In a recent podcast, Danny Ryan who is a researcher at the Ethereum Foundation explained on the new sharding proposal will allow for a reduction for the amount of shards […]
Bitcoin Exchange Guide

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.