When Bitcoin was first brought to the table, it was a revolution in crypto and programming. Satoshi Nakamoto proposed the first digital asset that was decentralized, codable, and not tied to any traditional asset.<\/p>\n
Since then, many entrepreneurs and technologists have tried to use Satoshi’s concepts to build new products. While many altcoins are spiritual descendants of BTC, sporting similar mining algorithms or cryptoeconomics, some are entirely different. EOS is one of these altcoins.<\/p>\n
The blockchain, created by the Cayman Islands-based Block.one, uses a delegated proof of stake system rather than mining, disallowing anyone to run a validating node. This has understandably led to some controversy, especially in a community predicated on decentralization and disintermediation.<\/p>\n
In a recent tweet, Weiss Ratings, an investment advisory\/research group that has taken a liking to crypto assets, slammed<\/a> EOS. As seen below, the agency stated that it believes EOS has “serious problems with centralization”, and thus it has been mandated to “severely degrade its technology score.” As seen on the company’s website, EOS’s technology score is now an A-minus.<\/p>\n EOS DOWNGRADE: #EOS<\/a> has serious problems with centralization, and their event last week did anything to alleviate that, so we\u2019ve severely downgraded its technology score. It\u2019s now up to #ADA<\/a> to launch a truly decentralized #PoS<\/a> #blockchain<\/a>. No pressure.#crypto<\/a> #Cardano<\/a> #BTC<\/a><\/p>\n — Weiss Crypto (@WeissCrypto) June 7, 2019<\/a><\/p><\/blockquote>\n\n