Eos community responds to voting manipulation claims

October 05, 2018
Chris Wheal

Block.One, developer of blockchain protocol Eos and creator of EOSIO software, has responded to accusations that it allowed voting manipulation on its network and participated on collusion.

In response to several claims of suspicious voting activities among block producers, Block.One published a statement in the company’s official blog signed by its CEO, Brendan Blumer.

Block.One CEO Brendan Blumer

Block.One CEO Brendan Blumer

“We are aware of some unverified claims regarding irregular block producer voting, and the subsequent denials of those claims,” wrote Blumer. “We believe it is important to ensure a free and democratic election process within Eos and may, as we deem appropriate, vote with other holders to reinforce the integrity of this process.”

Leaked spreadsheet

Among the charges is one that the platform’s major block producers, who perform a function similar to that of miners on the bitcoin blockchain and include Chinese crypto exchange Huobi, had participated in “mutual voting” and “collusion. The accusations were based on a leaked Huobi spreadsheet.

The leaked spreadsheet included tables containing “node mutual voting table” and “node income statement”. According to Eosone that published this data, this could signify that some Eos nodes were used for mutual voting along with pay-offs. However, the allegations were refuted in a blog post from the Huobi exchange, which stated.

“Based on the initial investigation, there were no financial contracts involved between Huobi and any third party. The investigation is still on-going and therefore, we seek your patience and co-operation in this matter.”

Despite the rebuttal, the episode is not the first time that the Eos voting process has been questioned. Its critics include several prominent figures in the cryptocurrency community. Ethereum co-founder Vitalik Buterin is among those who have expressed doubts about the transparency and fairness of the procedure, warning of the risk of ‘quid pro quo’ voting and the emergence of so-called ‘voting cartels’.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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