EOS New York, a top 21 EOS Block Producer (BP), recently revealed that a number of block producers “crashed” after the network’s RAM usage “exceeded 1 GB.” Per the BP, these either “did not confure their node to properly set it at 64 GB,” or only had 1 GB.
According to EOS New York, the block producers whose systems reportedly crashed were not following the guidelines outlined in their agreement. Therefore, the US-based organization implied they are at fault, although it is still confirming details.
Some Block Producers crashed when RAM usage on EOS exceeded 1GB tonight. Either they only had 1GB or they did not configure their node to properly set it at 64GB. This is a violation of the regproducer agreement. EOS New York produced on schedule. We are still confirming details.
— EOS New York (@eosnewyork) July 8, 2018
The tweet seemingly created a bit of confusion, as users replied asking what had happened to the cryptocurrency’s blockchain. Although these were quickly addressed, there has been a great deal of controversy and heavy criticism levelled at the EOS project.
Despite the problems several BPs reportedly encountered, EOS New York posted an update stating that, “the network is live and did not experience any disruptions.”
The network is live and did not experience any disruption.
— EOS New York (@eosnewyork) July 8, 2018
Controversies Surrounding EOS
Research has shown EOS may be more centralized than enthusiasts would want it to be, as the top 1.6 percent of holders own 90 percent of the cryptocurrency’s supply. Moreover, BPs have in the past ben ordered to freeze 27 accounts on the blockchain, showing one organization had control over other users’ money.
This forced Dan Larimer, the architect of EOS, to proposed a new constitution, which would remove most of the powers away from the EOS Core Arbitration Forum (ECAF), the organization that ordered the accounts to be frozen.
Bitmain Becomes Block Producer
Bitmain, a leading Bitcoin mining hardware manufacturer valued at $12 billion, recently qualified to become one of EOS network’s 21 BPs. Co-founded by Bitcoin Cash advocate Jihan Wu, Bitmain is well-known throughout the cryptosphere for its monopoly over the ASICs industry.
Bitmain controls two top BTC mining pools, and has shares in another one, ViaBTC, allowing it to potentially pull a 51 percent attack on the network, a move Wu says wouldn’t make sense as it would hurt his organization’s finances. The company recently invested $50 million in Opera web browser’s IPO.
