Why The EOS Chain Stopped & How It Was Fixed
The EOS Chain Paused Because Of A Bug
Then it restarted...
What does that mean?
Why and how did this happen?
http://eoscafecalgary.com
The chain paused itself bc it found a bug.
Block producers stepped in and fixed the bug and started the chain again.
When BPs make a change to the chain you can see who and why they did it. It operates in many of the same ways that Steemit Witnesses work.
The incentives are structured to push good actions from Block Producers.
We dig deep into how these incentives work.
EOS Cafe works with a Decentralized Autonomous Corp.
They plan to build Crypto Cafes all over the world. This idea pushes EOS into the real world in an interesting way. We talk about how that plays out on the ground level.
We touch on a big mysterious DAPP that Block.one will be launching. Supposedly it will blow people's minds. This is just a big mystery right now, but exciting none the less.
We had a big idea regarding the transparency of phone conversations in big calls. We talk about the call with almost 70 people on the line where the BPs decided to fix the chain. Maybe we can get that call published for the public to listen to.
What will happen to the millions of dollars building up in the worker proposals? The system is not running yet, but the money is getting saved... There are a few ideas around this.
In a very important announcement, I tell Sayed where my Happy Money Man hat comes from. Big news.
There is too much to cover in writing. This far-reaching conversation is worth putting on while you do the dishes or mow the lawn.
Cheers My Steem Friends.
Much Love To You
Brandon
IOW, EOS is an entirely centralized oligarchy.
i gave you my 100%vote @anonymint. You said what no one else is willing to say due to the fear of attack.
Thank you for that
good info..
An oligarchy is, by definition, self-elected with a lot of opacity.
Inside EOS, the voting process is fully transparent, exactly like for Steemit's Witnesses.
The voting process is permanent, every 120 seconds, the list is refreshed. A block producer miss-behaving with the community will be ejected from the top 21 very quickly by losing all his votes. In Bitcoin, 3 players are controlling more than 50% of the network, same for Ethereum, THAT is oligarchy! In our case, each BP controls 1/21 of the mainchain. Any decision must be the fruit of a consensus from the 21 BP.
Nice article!
With patience the future is damn bright for EOS 💪🏼🙌🏼💯
Stackin my Steem and EOS for the future.
🙌🏼🙌🏼🙌🏼
Please upvote and follow me
So isn't "Proof of Stake" sufficient to prevent such things from happening ?..
Not only did the network go down but they closed the accounts of 7 users. Doesn't sound very centralized to me
You guys are really popular. I need to understand this EOS chain properly.I mean from A to Z.
You have recieved a free upvote from minnowpond, Send 0.1 -> 2 SBD with your post url as the memo to recieve an upvote from up to 100 accounts!
eos sucks because there are those delegates... sorry.
Compared to what other cryptos? 🤔🤫
chains without delegates :) 101 !
do your own research :D.
Slow and no use case 😀
You can repair your ignorance.
lol... this eos... I mean at one point this shitshow can only succeed by support from outside nefarious forces...
I stay with what you like :).
it's a way... :)
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I like each publish your friend, every time you are an example to follow for me in steemit