A survey commissioned by ConsenSys and led by the Los Angeles-based Whiteblock channel testing company revealed that the world’s fifth largest cryptocurrency, EOS, was not a chain of cloud service.
“EOS is fundamentally identical to a centralized cloud architecture [client / server] without the fundamental components of a blockchain or peer-to-peer network.”
EOS is a cloud service for IT. They came to the conclusion that the building had been built entirely on the basis of the most fundamental aspect of the blockchain, immutability, was missing.
The tests that Whiteblock did in September lasted two months.
According to an article in The NextWeb, the document says:
“Design, performance and economy to present a reference to the blockchain community”.
As a result, the document stated that “transactions are not cryptographically validated” and that “nothing prevents producers from collusion,” which would allow them to maintain their position. EOS differs from Bitcoin and Ethereum in many ways, especially in deciding who validates the blocks and who gets the rewards.
EOS to decide who should deal with the blocks. During the voting process, EOS has a stronger voice.
The paper said that EOS was failing in consensus with Byzantine fault tolerance [BFT], which would result in collusion. He also confirmed that the system was not allowed to conspire.
The investigation revealed that EOS treats less than what is claimed during marketing. The EOS is around 4,000 GST. It is added that with an optimal configuration, transactions never exceed 250 transactions per second and the current maximum performance of the EOS is around 4,000 GST.
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