Vote-buying Allegation Surrounds EOS

Vote-buying Allegation Surrounds EOS

Vitalik’s blog post titled, Plutocracy Is Still Bad where he talks about the perils of a DPoS consensus (with EOS as an example) may have transpired as Huobi is alleged to have traded its voting power with money on the EOS network

The Trouble with EOS Consensus

Back in March, Vitalik Buterin had foreshadowed the event that is assumed to have recently happen in the EOS voting phase. In the past, EOS has been accused of being a more centralized system than a decentralized one because of its delegated proof-of-stake (DPoS) consensus algorithm.

The Purported Evidence

Screenshots of an Excel spreadsheet show supposed details that Huobi has accepted money in exchange for voting for specific governance decisions. This was revealed in a twitter post by Maple Leaf Central.

The Response and the Denial

Creators of EOS, has responded that they are aware of the unverified allegations regarding irregular block producer voting. The group has also said that a free and democratic election process is vital.

Huobi has denied the vote-buying allegation.

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Today we're talking to Huobi about their new Prime platform and we're also interviewing Steve from Top Network. The crypto industry is changing forever and we're seeing a shift in crowdfunding from traditional ICOs. This episode is sponsored by Huobi - our sponsors are very important to us - without them this channel would never be possible. Huge shoutout to Huobi!! For more info on Huobi Prime, visit: Sign up for a Huobi account: Follow Huobi: T: @HuobiGlobal FB: @huobiglobalofficial IG: @huobiglobalofficial Follow Ross on Twitter: @Ross_Zhang More info on TOP network: T: @topnetwork_top FB: @topnetworktop Follow Steve on Twitter: @Stevetopnetwork Disclaimer: Huobi Prime will not, under any circumstances, make price forecasts or representations as to the asset's investment characteristics. Huobi Prime will not provide any trading advice and Huobi Prime users should conduct independent analysis including, where appropriate, taking third party legal, tax and financial advice. Huobi Prime is limited to users from jurisdictions where digital asset trading is a permissible activity and no regulatory restrictions apply.
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