EOS ‘Reverses’ Previously-Confirmed Transactions as Pundits Decry Centralization

Blockchain protocol EOS found itself at the center of fresh controversy Nov. 9 after evidence emerged on social media appearing to show a moderator reversing transactions which had already been confirmed.

Blockchain protocol EOS found itself at the center of fresh controversy Nov. 9 after evidence emerged on social media appearing to show a moderator reversing transactions which had already been confirmed.

According to Reddit user u/auti9003, a dispute allegedly involving a phished EOS account was referred to one of the platform’s so-called “arbitrators” who decided to reverse transactions that occurred without the owner’s permission.

This, the Reddit user notes, involved undoing transactions which had already received network confirmations.

Summarizing, the arbitrator, Ben Gates, referred to the EOS constitution as a basis for the decision. He wrote:

“Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rules that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed.”

EOS has frequently garnered criticism from cryptocurrency sources due to its alleged lack of decentralization, a characteristic which CTO Daniel Larimer himself confirmed in an interview last month.

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