
21 out of 30 EOS unit manufacturers have signed a User Agreement (EUA), which will replace the interim constitution of the network as a guideline document. At the same time, the producers of the blocks will retain a dominant role in management. It is reported portal CryptoDaily .
The new agreement, in particular, will replace the EOSIO basic arbitration forum (ECAF) mechanism, which proved its inconsistency under the previous constitution, the system could not cope with a huge number of arbitration cases and most of them remained unexamined. In addition, ECAF solutions could not be implemented without the approval of the manufacturers of the blocks, which is why key issues remained in limbo.
The EUA is expected to create the basis for the functioning of the EOS network as a representative democracy, since the turnout of tokens holders in referendums does not constantly reach the established 15% threshold.
It is worth noting that the turnout in the EUA referendum was also below the threshold level – 1.7% – and therefore the block-producers made the final decision to abandon the interim constitution.
Recall the scale of powers of manufacturers of units has been discussed since the launch of the EOS network. For example, some experts are convinced that the network’s delegated share proof mechanism (DPoS) is contrary to the principles of decentralization.
In June 2018, Project Chief Technical Officer Dan Larimer proposed limiting the powers of arbitrators to address issues related to differences between the Code and intentions, as well as the processing of vulnerabilities and code breaks.
Subscribe to BlockchainJournal news on Facebook !
BlockchainJournal.news
BlockchainJournal.news