EOS Network Won’t Start Due to User Concerns

The developers of the EOS platform had to deviate from the original plan to launch their own blockchain, as the network still cannot function on its own due to insufficient votes to create new blocks. Many investors refuse to vote for fear of losing tokens.

EOS uses a PoS consensus algorithm, so to determine the nodes that will produce new blocks, cryptocurrency holders need to send their votes. This procedure requires the entry of private key data, potentially putting savings at risk. However, in thematic chats, forums and other places, some express their concerns about the security system of the entire project..

Although users are offered several options for software solutions for convenient and secure voting, they are concerned about the lack of auditing of these applications, and sometimes they simply do not understand the principles of the platform..
Many criticize the organizers for the fact that they did not conduct preliminary preparation and did not explain to the owners what exactly needs to be done..

Even now, the official EOS website does not say anything about the voting procedure..

Experts say that processes that are difficult for people to understand always attract scammers who try to take advantage of this situation to cheat. In addition, even official solutions for entering private keys can be hacked. At the time of this writing, 62% of users gave their votes, although the situation has improved significantly over the past day, but this is still not enough for the full-fledged operation of the blockchain.

Recall that Apple began to ban mining applications.

EOS Network Won't Start Due to User Concerns

text: Ivan Malichenko, photo: Shutterstock 

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