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EOS Constitution Changed Following Voting Impasse

The EOS user agreement was eventually signed recently by 21 of the 30 block producers (BPs) on the network. This comes months after negotiation and debate following referendum gridlock.

The new document replaces the much-criticised EOS interim constitution as the network’s governing document. Under the terms of the new EUA, Block Producers will continue to hold a dominant role in network governance.

After the mainnet launch of EOS nearly 12 months ago, a huge bout of controversy followed over numerous details in the interim constitution. A lot of people believed that the delegated proof-of-stake mechanism underpinning the network was in direct conflict with the principle of decentralisation.

The importance of Block Producers to the EOS network sparked an ideological blockchain debate with those dubbing themselves as ‘realists’ arguing in favour and the self-proclaimed ‘purists’ arguing against.

The EOSIO Core Arbitration Forum soon became a flashpoint since users started to…

Read Full Story : Crypto Daily™

2019-04-16 12:00:00

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