EOS Node Presents Consumers Money Rewards for Votes, Reignites Decentralization Discussion

However a different aspect of blockchain protocol EOS has sparked controversy this week just after one particular of its 21 block producers appeared to offer its token holders monetary benefits for voting it as a proxy.

Starteos, one particular of the official sanctioned nodes which can approve EOS transactions, mentioned in a Medium submit Nov. 27 that “after delegating Starteos.io as proxy, you could get continual and secure EOS income.”

The Chinese outfit, which has however to remark on allegations it operates in opposition to decentralized and democratic blockchain processes advocated by EOS itself, framed the profits scheme as a reward for token holders.

“The ‘winter’ of cryptocurrencies has occur. How considerably faith do you left to (sic) have?” the submit reads, continuing:

“Now, Starteos is nonetheless gonna continue to be with YOU, our most significant and most effective mates! And we gonna share the proceeds with you and make by the challenges collectively.”

Just after selecting Starteos as a proxy, customers can choose “stable income” “mining” profits manner or the “random revenue” manner, in which they perform “Lucky Fruit Slots Machine” with sport tokens to get “EOS profits.”

The write-up added information on how customers can vote for it as part of EOS’ Block Producer voting rubric.

As Finance Magnates observed Dec. 3, efficiently shelling out off consumers to bolster a specific node would represent weighty centralization on the part of EOS, one particular of the world’s most significant-value blockchain networks.

Cointelegraph has frequently documented on the controversies connected to numerous members in the ecosystem, the most the latest involving moderators, one particular of whom in November reversed transactions from a reportedly phished account, which nodes had previously confirmed.

Creator Daniel Larimer, who in Oct reported decentralization was not in actuality the objective of EOS, very last 7 days exposed was considering designs to get started a new forex-concentrated token.

“Crypto folks will despise it,” he wrote about the idea on social media.

EOS remains the blockchain which has by significantly the greatest range of every day transactions, in spite of a decline in token price tag. As of press time, EOS is trading for $2.83 according to CoinMarketCap, down extra than 14 p.c on the week, with a whole marketplace cap of all-around $2.6 billion.

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