EOS leader discusses node consensus issues and triggers voting rights debate

EOS leader discusses node consensus issues and triggers voting rights debate

On May 17, EOS developer BM made a speech on the topic of "node voting" in the telegraph group. BM asks the community, where is the best analysis for who really controls 21 super nodes? Community members said they didn't know.

BM replied: "I don't care about daily voting/politics on EOS. But I am thinking, I want to protect EOS from collusion and ensure that the top 21 companies are independent entities, one vote one vote It is not enough. The user must be motivated to integrate the votes instead of spreading the votes in 30 nodes. This affects the voting effect, so that BP's reward is proportional to the number of votes ^x, and x must be greater than 1."

BM also said that the return of votes on a single BP must be greater than the vote to vote for multiple BPs, while the user can sort the votes, other BPs will not lose votes, which will force large players to make between profit and control. select.

After that, Block.one CEO BB Twitter posted a personal opinion: It is proposed that EOS can only vote for one node to ensure that the nodes are consistent with the wishes of the community.

BB forwards community friends Moon Maximalist's view of October 2018: If the vote is 1:1 instead of 30:1, BP will not collude.

BPs will only vote for themselves in a 1:1 ratio, but there will be incentives to exchange tickets for 30:1. Another problem is that the big 30:1 voting mechanism will be silent on multiple BPs (which can be understood as "not"); there are flaws in this aspect of governance design, but it is easy to fix. One vote and one vote will eliminate the phenomenon of exchange of tickets, and replace some BPs without having to dismantle the entire big league.

Without such a change, the current big alliance will not be broken due to insurmountable voting rights. (New Finance)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Breaking the "7" on the CNY, the BTC is rising, is it an inevitable cause and effect, or is it an accidental coincidence?

On August 5th, it was supposed to be the day when the Litecoin was halved, and LTC was robbed of bitcoin. In the morn...

Blockchain

Market Analysis: Reproduction of BTC extortion, market collective movement

In the early morning of May 26, 2019, the easy-to-use car server was continuously attacked, which had a serious impac...

Blockchain

Is the blockchain a scam?

This problem has existed since I first came into contact with the blockchain industry. Being controlled by the blockc...

Blockchain

"Bitcoin Revolution" report: Bitcoin economy is similar to Europe in the 16th century, optimistic about the derivatives market

According to Ambcrypto, Adamant Capital recently published a report called the Bitcoin Revolution. Among them, the re...

Market

Bitcoin: The Pressure Cooker of Wall Street

Bitcoin predicted to see significant growth following expected dovish remarks from Fed's Powell.

Blockchain

The road to DeFi on Bitcoin

Source: Blue Fox Notes Author: Mohamed Fouda Translation: ZT Foreword: To implement DeFi products on the public chain...