Weiss Ratings criticized EOS for centralization

Analyst of the independent rating agency Weiss, Juan Willaverde said that, despite the E-rating of B-, currently this network is more like a "feudal kingdom with serfs."

Villaverde believes that EOS is indeed a "distributed third-generation platform," but at the moment the network is highly centralized. The Gini index for EOS is 97 points, which indicates the concentration of the vast majority of tokens in the hands of a small group of addresses.

Moreover, the delegated Proof-Of-Stake allows tokens holders to vote 30 times with the same amount. This indicates that, if desired, several large players will choose 21 block manufacturers who will manage the ecosystem.

Weiss is advised to at least reduce the number of repeated votes and increase the number of block producers. At the same time, the agency is convinced that whale impact should be limited by setting the maximum volume of tokens that can be voted at 2.5% of the total emission.

In addition, Willaverde believes that the largest holders are required to disclose their personalities.

Recall, previously designated block manufacturers launched the main EOS network for testing for bugs.