Author of this article: Yan Nan, Xin Nan
according to
according toeosportal.ioIt shows that the current EOS voting participation rate is 3.724%, which has not yet reached the 15% voting rate required for the mainnet launch, so some functions of EOS cannot be unlocked yet. The deserted vote is in sharp contrast to the previous fiery discussions about EOS. If such a voting speed is maintained, there may still be a long way to go before the mainnet is actually running.
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Voting operation threshold is high and security level is low
At present, there are four main ways to vote on EOS: the command line tool Cleos, voting website + Scatt, third-party wallets and exchanges to vote.
The only tool officially recommended by EOS is the command-line tool Cleos. Although this tool can guarantee high security, if you want to use this software to vote, users need to learn how to use a series of command-line tools.
Although the method of voting website + Scatter does not require users to learn difficult command line tools, it is vulnerable to malicious actions by voting websites in the process.
At present, most users EOS are stored in the exchange, but the exchange has stopped depositing and withdrawing EOS. In addition, there are only a handful of exchanges that have launched the voting function (such as Huobi).
However, Huobi Group announced on April 24 that Huobi Mining Pool officially participated in the EOS supernode election. As a stakeholder, the exchange has undoubtedly increased the concerns of EOS holders about the fairness of node voting. Will the EOS stored in the exchange be used by the exchange to vote for itself? After all, EOS voting has the option of proxy voting.
If the exchange does not support user voting, users can only vote through their wallets.
If large households participate, 15% of the votes are not difficult to achieve. But whether it is a large household or a small retailer, they are very concerned about the security of assets.
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Profit-driven is small, EOS currency price fluctuates greatly
First, voting itself does not bring any benefit to the user.
Voting needs to be mortgaged by EOS and locked for 3 days, which is like a lock-up to a certain extent. If the price of EOS falls during the lock-up period, voters may not be able to sell EOS.
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(Source of picture of EOS currency value trend in a week: CoinMarketCap)
Game and alliance between nodes
Under the DPoS consensus mechanism, super nodes will receive additional EOS tokens as rewards every year. According to the total amount of 1 billion set by EOS, 1% of the dividend rewards represent 10 million EOS; based on the current EOS13.09 USD, the annual income of each node is about several million U.S. dollars.
Becoming a super node also means mastering the decision-making power of the EOS ecological network.
As a node candidate, it is necessary not only to play games, but also to cooperate with other nodes, so as to get more votes.
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Users wait and see due to loopholes
Last month, the Vulcan team of Qihoo 360 discovered a series of high-risk security vulnerabilities in the blockchain platform EOS. Zheng Wenbin, chief security engineer of 360 and head of the Vulcan team, said that this vulnerability will lead to the loss of user keys.
It has been verified that some of the vulnerabilities can remotely execute arbitrary code on EOS nodes, that is, hackers can directly control and take over all nodes running on EOS through remote attacks.
We believe that,
We believe that,High technical barriers to voting, low security, the game of interests of all parties, and imperfect systems are all reasons for the current stagnation of the voting process. The failure of the mainnet to go online will damage the interests of all EOS holders, but now it is in deep trouble due to conflicts of interest among all parties。
Under difficult circumstances, revising the voting rules and launching a new voting system may advance the voting process.
Special thanks to Yan Yan, the founder of scaneos.io, for his support.
(I am Mo Xinnan and Chen Yannan, authors of Odaily. I am exploring the real blockchain. If you are looking for reports, please add WeChat: 16601131135, and nangua421262, please note your name, company, and position.)
