Controversy struck Block.one, the startup behind the EOS blockchain ecosystem, 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-stake (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.one 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.”
10/1/2018 Statement: EOS Public Blockchain Governancehttps://t.co/E5LTk6aWGz
— Block.one (@EOS_io) October 1, 2018
Despite its denial of the allegations, the internal health of the company has recently come in question after reports showed that top executives have left the company just months after EOS raised more than $4 billion in total funding.
Referenced: Inside the secret information of the fire coin, you can never imagine it inside! EOSONE Super Observation No. 15
Disclaimer: This article’s author has cryptocurrency holdings that can be 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.