Blockchain testing and research organization Whiteblock Inc. issued recent report according to what a extremely critical judgement was ascribed on EOS , it as a distributed homogeneous database disguised as a blockchain. In one news which title was “EOS: An Architectural, Performance and Economic Analysis,” the organization anatomise various features of the EOS protocol; resulted that it experiences from a characterized security shortage as well as network ability which is particularly below than what had been declared.
As per the recent news what was produced by Whiteblock’s research group
invented by Brent Xu, Dhruv Luthra, Zak Cole, and Nate Blakely, EOS possesses many shocking security and protocol weaknesses that disastrously settled many cases what had been proposed for the network ;named “Ethereum killer.”
In last 2018 the month of September launch, the test assessed the EOS network’s exchange process against its charge capableness. More ever, it also experienced its reaction to oppose network states, how it answers of adapted exchange prices and measures, its average exchange completion period, its divided structure is tolerance and its fault is also tolerance.
The EOS test released a report on 2-Nov-2018, Whiteblock Declared in an emphatic manner:
“EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated. EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a blackbox for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what Block producers are able to create in terms of computational power”.
As per the Whiteblock, the factual turnout was transcribed by EOS under realistic network state that is materially below than that charged by EOS advertising substance, and the network faces from a fundamental security threat of continual agreement error and lack of Byzantine Fault Tolerance.
During June CCN released an essential report that just after a week the open-up of its mainnet, EOS had been submerged in heated debate after an event with its block manufacturer which caused lots of questions related to the network’s decentralisation. Whiteblock’s research would be emerged to grant belief to those terrors, which would have a prominent impact on the EOS cost.
While providing its decision on the network as a whole, Whiteblock enunciated: