Vitalik Buterin on EOS
EOS is a cryptocurrency focused on smart contracts and decentralized applications. It focuses around scalability and eliminating fees for users.
EOS reviews by Vitalik Buterin
All EOS reviews by expert Vitalik Buterin.
Now, the latest scandal in DPoS (delegated proof of stake) land seems to be substantially worse. Because the delegate rewards in EOS are now so high (5% annual inflation, about $400m per year), the competition on who gets to run nodes has essentially become yet another frontier of U.S.-China geopolitical economic warfare. . . . The EOS New York community’s response seems to be that they have issued a strongly worded letter to the world stating that buying votes will be against the constitution.Full review