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Controversy struckĀ Block.one, the startup behind theĀ EOSĀ blockchain ecosystem,Ā last week after reports came out showing potential vote manipulation by the EOS block producers (BPs), an elected group that drives the blockchain’s delegated proof-of-stakeĀ (DPoS) consensus model.

The allegations came from local sources in China, claiming that Huobi Global, along with several other BPs, mutually vote for each other to cement their BP position. Additionally, the report asserts that Huobi openly votes for a few BP candidates in exchange for EOS returns.

In response, Huobi denied any such arrangement with other BPs, but does not deny the authenticity of the released documents, emphasizing that the “relevant information is still under further investigation.”

Earlier today, Block.oneĀ published its own rebuttal to the claims, stating, “We are aware of some unverified claims regarding irregular block producer voting, and the subsequent denials of those claims. We believe it is important to ensure a free and democratic election process within EOS and may, as we deem appropriate, vote with other holders to reinforce the integrity of this process.”

Despite its denial of the allegations, the internal health of the company has recently come in question after reports showed that top executivesĀ have left the company just months after EOS raised more than $4 billion in total funding.

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EOS currently has a $5.1 billion market cap, making it the 5th largest coin in theĀ in theĀ AltDexĀ 100 IndexĀ (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More:Ā 10/1/2018 Statement: EOS Public Blockchain Governance
Referenced:Ā Inside the secret information of the fire coin, you can never imagine it inside! EOSONE Super Observation No. 15

Disclaimer: This articleā€™s author has cryptocurrency holdings that can beĀ tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

Voyager

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