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Review on EOS by Daniel Frumkin

Revainrating 1 out of 5

Good marketing, poor decentralization

EOS is a high-performance blockchain but not a highly decentralized one. It's Delegated Proof-of-Stake (DPoS) system centralizes validation power to a few large entities. This is dismissed in marketing materials because the users "vote" with their own stakes for the validators. However, in practice most users cannot make well-informed decisions about who to delegate their voting power to, and the system is quite opaque. On top of that, it's touted as high performance, scalable blockchain, but by including so many transactions per block, the blockchain grows very rapidly and it becomes extremely expensive to store a full copy of it. This further centralizes the network.
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If you want a place to do tokenized gaming and gambling with microtransactions, EOS might work. If you want truly "decentralized" dApps, EOS is not the blockchain you're looking for.

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Pros
  • High throughput
Cons
  • Low decentralization (delegated proof-of-stake DPoS)
  • Dishonest marketing

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