expert reviewed cryptocurrency EOS logo


EOS is a cryptocurrency focused on smart contracts and decentralized applications. It focuses around scalability and eliminating fees for users.

Decentralized computer

💩 28%

Reviews for EOS

🔑 7 positive | 💩 18 negative


In EOS, a few complete strangers can freeze what users thought was their money. Under the EOS protocol, you must trust a "constitutional" organization comprised of people you will likely never get to know. The EOS "constitution" is socially unscalable and a security hole.

Nick Szabo, Blockchain, cryptocurrency, and smart contracts pioneer

2018-06-19 | Full Review


None of them [blockchains] are fast enough for industrial strength. We have one that just started called EOS, and that will be one of the first fast blockchains. One of the reasons why I think EOS has a shot is because it has a $5 billion-$6 billion war chest.

2018-06-06 | Full Review


Governance is hard. See the EOS (on-chain governance) low retail voter turnout for electing the Block Producers and the Zcash Foundation Community Governance Process (off-chain governance meets social signaling).

Currently, around 5% of EOS holders have staked tokens to vote for the Block Producers. 15% is needed.

The EOS low voter turnout is a result of low retail participation and centralization of the initial investors.

2018-06-12 | Full Review


If the moat of Ethereum (ETH) is this easy to break by EOS, won’t EOS’s be as well? Just a month ago, people thought ETH would be worth 15x BTC.

Smart contract platforms' battle will be fun to watch, but in the end, they’ll all commoditize each other. This is a prisoners dilemma in action.

2018-04-25 | Full Review


Honestly, I don't understand the whole EOS thing. Why people decided out of all the companies in the world that could run a federated permissioned ledger that it should be one run by people with a track record of borderline fraud I will never understand.

2018-07-20 | Full Review


Say whatever you like, EOS achieves higher dramas per second than any other chain.

2018-07-08 | Full Review


EOS is a necessary experiment with decent performance, semi-centralization and invisible fees.

2018-08-13 | Full Review


EOS is far and away the largest blockchain — in terms of usage, market cap, liquidity, and others — and requires the most active and engaged governance and technical infrastructure.

2018-09-18 | Full Review


One of EOS‘s greatest strengths is in having 21+ independent, accountable, and well-financed teams like @EOS_Canada & @eosnewyork to help provide user support, develop infrastructure, and market the platform.

2018-10-16 | Full Review


EOS is the joke that never stops giving — from their token sale to their 21 nodes controlling everything, and now to just one node running their election. A MongoDB instance would be more decentralized.

2018-06-10 | Full Review


Based on what I’ve seen over the last couple of months, there’s a real chance that EOS will surpass Ethereum in one year in terms of developer activity and user adoption.

2018-11-16 | Full Review


My biggest concern [around EOS] recently has been around arbitration. Specifically, an unelected group called ECAF that issues network-level arbitration decisions.

2018-11-20 | Full Review


EOS is struggling now because they chose to do token/coin voting, and all those tokens are held in exchanges (or holders are apathetic). As some of the Bitcoin Core devs pointed out, this solution has come up and been dismissed many times. Why didn’t EOS know this?

2018-06-13 | Full Review


EOS is forgoing immutability and creating a bad precedent like Ethereum did during the DAO hack. What happens when a state wants to censor a TX? I thought the point of blockchains is [ensuring] that *no one* could have the power.

2018-06-18 | Full Review


Even assuming AWS and EOS are interchangeable . . . why do I want a "decentralized AWS" run by a cartel? What would I prefer to build there vs. AWS (or Google Cloud Platform or something else)?

I've not only heard of AWS—I've actually used these services. They're great.

2018-12-08 | Full Review


I know lots of really smart people that are EOS fans; maybe I'm missing something here, but I've never heard a good justification for the structure of the sale. On balance, going for the continual-outflow model was a huge reputational risk that few things would have justified.

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2018-10-28 | Full Review


"EOS is secure because the hegemon has a lot of power and can counterbalance the bad people"

Hmm, what other class of systems is that the security model of?

2018-09-29 | Full Review


EOS is taking an end-to-end approach having apps pay for centralized services and having user readable names and user experiences that people are used to. This basically says that decentralization doesn't matter that much, and parity to current usage is more important.

2018-12-26 | Full Review


A permissionless dapp/protocol like 0x or Augur could barely run on EOS, and would probably eventually get censored by the block producers at some point. EOS has played with the slider between centralization / decentralization and scalability. *That is not innovation!* Innovating is when you do something new and do something that makes things better *without* having to face some severe tradeoff.

Joey Krug, Co-Chief Investment Officer at Pantera Capital

2018-12-18 | Full Review


Most attempts to bribe developers and users with airdrops and developer grants will fail (many already are), and most attempts to recruit insiders to a cause with pre-sale discounts and the (diminishing allure) of token flips will bring dysfunction and gridlock to projects. We’re starting to see some teams come to
terms with this reality...

The EOS “cartel” has likely led to irreparable damage in that protocol’s reputation in developer circles (why build on infrastructure that will get hijacked by ruthless investors)....Eos is a disaster, and the worst fears surrounding its cartel seam to be materializing.

2019-12-16 | Full Review

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