At one point or another we’ve all heard the notion that the EOS 21 Block Producer model is highly centralized because just 21 people essentially control the blockchain. I would like to challenge this opinion with my own. But before I begin, I would like to make clear that I am not strictly pro or anti centralization or decentralization, I’m simply pro-solutions. An extreme approach to either centralization or decentralization I believe come with their own set of inherent concerns.

To make the assumption that this model is centralized, one would have to believe that these 21, and “only these 21 block producers” would be allowed to produce blocks for the EOS blockchain and be rewarded for doing so. I’ve heard everything from “Block-One secretly creating the top 21” to “How the top 21 Will vote for themselves to stay in their position”. Here’s why I do not believe that the EOS 21 Elected Block Producer model is centralized. Here are the facts below.

On June 14th 2018 the EOS mainnet was officially launched. On June 15 these were the top 21 elected Block Producers, in order.

1. Eos Canada

2. EOS Authority

3. eosDAC

4. EOS New York

5. EOS.Cafe

6. EOS Cannon

7. EOS42.io

8. Liquid EOS

9. Bitfinex

10. EOSHuobiPool

11. EOS Gravity

12. Cypherglass

13. EOS Argentina

14. EOS Rio

15. EOSYS

16. EOS Sweden

17. EOS Beijing

18. EOSSeoul

19. MeetOne

20. Eos.Store

21. EOS Asia

These top 21 elected BP’s were the original block producers once we reached the 15% requirement to launch the chain.

Now, in my opinion, if this was a centralized blockchain, with the top 21 BP’s maintaining control of the chain through centralized methods and voting for one another, I would expect this top 21 to stay roughly the same. Maybe the BP’s change position within the top 21, but for the most part, many of them, if not all, will stay in the top 21. On the day of this writing, August 26th 2018, this is the current “Elected” top 21 Block Producers.

1. Starteos

2. EOSLaoMao

3. Zbeosbp11111

4. EOSHuobiPool

5. Eosfishrocks

6. EOS42

7. EOS New York

8. Bitfinex

9. JEDA

10. EOSBIXIN

11. Sw/eden

12. EOS Beijing

13. EOS Canada

14. Liberty Block

15. EOS Asia

16. Greymass

17. EOSflytoMARS

18. EOS Authority

19. EOS Rio

20. EOS Gravity

21. EOS Argentina

Just 2.5 months into the lauch of the EOS Mainnet, the “Elected” top 21 Block producers list has drastically changed. Now just from the seating position of the original top 21, but totally new Block Producer Candidates that weren’t part of the original “Elected” top 21. As a side note, I am making the conscious effort to stress the word “Elected” given that it must not be forgotten that though there are only 21 BP’s that can produce blocks at any given time, these same top 21 are always being voted on, which means that we will see a constant “musical chairs” if you will, of Block producers within the top 21. Those who stay within the top 21, generally tend to be BP’s that have established themselves as a reliable BP within the EOS community and have earned the respect of the community. But admittedly, some will have maintained their position through “whale voting”, more on whale voting during another write up.

Lets make a comparison of BP list.

Of the original top 21 elected BP’s , only 9 BP’s are still within the top 21. The # is their current rank and the (_) was their original mainnet rank.

#13 EOS Canada (1),

#18 EOS Authority (2),

#7 EOS New York (4),

#8 Bitfinex (9),

#4 EOSHuobiPool (10),

#20 EOS Gravity (11),

#21 EOS Argentina (13),

#19 EOS Rio (14)

#12 EOS Beijing (17)

More than 50% of the current 21 BP’s were not an original Mainnet Block Producer. Furthermore, of the 9 BP’s that were elected at the mainnet launch, only 2, Bitfinex and EOSHuobiPool are ranked higher on the BP list then the were during the Mainnet launch. For the sake of information transparency, both of those BP’s are Exchange Houses and I’m not exactly sure if those Exchange Houses are unknowingly-to-the-public using the EOS held on their exchanges in order to vote themselves “in” as BP’s. These is something that owners of EOS using these exchanges would have to be proactive and either hold their EOS in their own private wallet or establish an agreement with the Exchange Houses that they (the Exchange) will be a voting proxy for them. That’s a topic for another write up however.

This change also does not take into account BP’s that weren’t part of the original 21 and are not currently within the top 21 but at one time were part of the top 21 BP’s, such as teams like CryptoLions, EOS Cleaner, etc.

To conclude, I believe that this writing proves that the “Elected 21 Block Producer” model is not a centralized model given that the top 21 is constantly changing. The fact that a current block producer can be voted out of their position and a BP outside of the 21 can be voted in shows that this model isn’t as decentralized as many like to portray it to be. I’m not at all saying that this model is “perfect”, but as I stated earlier, I’m “pro-solutions”, and a model such as Ethereum, a blockchain that many folks use to criticize EOS when making the centralized/decentralized argument, isn’t a very scalable blockchain, a very fast blockchain and doesn’t have governance/helpdesk built into the blockchain…which are all problems trying to be solved by blockchain 3.0 projects.

EOS has been at the forefront of that effort to find solutions in order to promote mass adoption along with providing a protocol that is actual useful for successful dApp’s to be able to use and grow on. This possible solution to current blockchain problems has been created using the Elected 21 Block Producer method. I must admit…so far, so good.

@EOSrelated on Twitter.

Sources:

Original Mainnet Block Producers: https://cryptoslate.com/eos-blockchain-goes-live-as-voting-target-reached-block-producers-selected/

Current Block Producers as of August 26th 2018: I simply checked the voter tab in my EOS wallet to see who the top 21 were.

7 votes, average: 4.29 out of 57 votes, average: 4.29 out of 57 votes, average: 4.29 out of 57 votes, average: 4.29 out of 57 votes, average: 4.29 out of 5 (7 votes, average: 4.29 out of 5)
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Responses

  1. Eric

    But most the ones moving up seem to be “whale-driven”. I think the concern should be that we are moving to a more centralized system, IE: power coming into the hands of fewer and fewer individuals.
    Do you have statistics to track this? I think EOS Authority is keeping this breakdown, but I have not seen a graph of how this is trending.

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    1. EOS Related Post author

      Ive seen a graph and sure, there’s a few whales in this space today, but thats the same as with bitcoin, where over 95% of all bitcoins in circulation are owned by about 4% of the market, and 1% of addresses control half the entire market. That is a 10 year old cryptocurrency. EOS has been around as an ICO for one year and launched its mainnet less than 3 months ago. It needs time to extend itself. But with that said, there will be whales. However there are also proxies that can concentrate EOS from other folks in order to vote as well…and that in some ways combat whale votes to a degree. My overall point is that the general construction of this model isnt as centralized as some have portrayed it to be. Good point though

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  2. LeroWu

    You should see in a long term,during the mainnet launch time, the whales’ EOS were mostly locked in the exchanges , now they have the voting power to designate any BP they like, like EOSflytoMARS or EOS cleaner, coming from nowhere and till now we do not clearly know about who are the BP teams in details.

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