EOS In Trouble After Breaking Rules Of Its Own ‘Constitution’

EOS In Trouble After Breaking Rules Of Its Own ‘Constitution’
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Another controversy regarding EOS came to light this week when the fourth largest crypto had seven of its accounts frozen by the 21 block producers. The action was taken under suspicion of theft after it was discovered that half of EOS coins were being held by only 10 wallets.

EOS has had quite a difficult period lately, being the subject of several controversies. The latest one happened only days ago when the 21 BPs (Block Producers) decided to freeze EOS’s accounts without consultation. The seven accounts that were frozen are suspected to be in possession of stolen cryptos, and the action itself is part of an initiative called EOS 911.

Several individuals connected to the crypto space criticized the decision, including Dogecoin’s founder Jackson Palmer and Nick Szabo, a cryptographer and computer scientist.

So, even though the BPs’ motivation was one of security, this action has clearly demonstrated where the power lies, which is not something that the community is willing to accept. This is not even the first controversy surrounding EOS this month. The previous one came barely over a week ago when the crypto launched its MainNet, which was then forced down due to a glitch.

June 2018 has not been kind to EOS, and the crypto and its team appear to have made several bad calls. The consequences of the controversies have yet to be fully determined and it might take a lot to calm down EOS’ community after this fiasco.

EOS In Trouble After Breaking Rules Of Its Own ‘Constitution’

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Kane Dane