EOS doesn’t want to be known as the blockchain without decentralization, it seems.
The primary backer of the blockchain, seen by many as highly efficient by comparison to projects like Ethereum, has made a landmark decision.
Block.one announced that the public can decide just how decentralized the future of EOS will be.
Block.one “Ready to Begin”
No, seriously. The company said in an announcement earlier this week:
“Since June of 2017, Block.one has observed the network operation and governance of many public blockchains throughout the world, with the objective of understanding and learning how to maximize performance, alignment, and reliability. We now feel ready to begin playing our proportional role, with the focus of continuing to support healthy upgrades of the EOS network to achieve iterative improvements of these objectives, and those highlighted by regulators throughout the world as optimal for maximum decentralization.”
Blockchains including Tron and EOS have leveraged an alternative blockchain model not originally envisioned by Satoshi Nakamoto.
Nevertheless, as with all things in this industry, the proof is in the pudding.
According to Bloks.io, EOS was processing about 36 transactions per second at press time, with a maximum capacity near 4,000.
Compare this to first-layer Bitcoin and it becomes clear why some companies, for various purposes, may consider alternatives to the Bitcoin ecosystem.
EOS Investors and Participants to Decide on Blockchain’s Future
Back in February, Vitalik Buterin inferred that every token-oriented blockchain besides Ethereum was a “centralized piece of garbage,” and while his words may have been crass, they weren’t far off the mark. Of all the blockchains in the world, some of the most active including Tron and EOS have some of the fewest nodes.
Not all EOS investors and proponents feel that it is a tenable situation. Blockchains, like all distributed technologies, tend toward decentralization.
Block.one’s move signals a potential renewed interest in EOS and EOS-based projects including Everipedia.
NEO, VeChain, And Others Still Building Momentum
By comparison to Tron or EOS, NEO has a long way to go. Despite the rather innovative launch of their O3 Desktop, the blockchain, which has been around in two incarnations since it launched as Antchain in 2014, has yet to see a widespread adoption curve.
It would be unwise to bet against Asian-native blockchains, nevertheless.
The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the official policy or position of BitStarz News. BitStarz News employees may also have an active investment in any profiled products and/or companies.