EOS woes spike: Survival threatened by cartels
|- A small group of EOS block producers could be in control of the network.
- EOS price stays in arrange after recoil from $4.3 support.
Recently FXStreet reported of the question EOS network’s decentralization, see the article here. If that was not enough, evidence has surfaced indicating that some block producers or otherwise known as miners have the control of the entire EOS network.
It is said that the few block produces have the ability to censor transactions, block individuals from the network and guarantee their position within the network. If these allegations happen to be true, it means that EOS network can be controlled to the advantages of the few.
Besides all these, EOS has been troubled due to the delay experienced in the launch of the platform as well as the various bugs discovered within the protocol. This has raised questions on the ability of EOS contracted developer, Block.one and the network’s CTP, Daniel Larimer.
More on EOS:
EOS decentralization questioned: EOS/USD drop is unstoppable
EOS price technical picture
EOS price is range bound after a slight recovery from the support at $4.3. The current sideways trend is likely to continue in the short-term. The range resistance at $4.8 is the initial resistance while the critical resistance lies at $5.0. The moving averages are also limiting the gains above the current price of $4.63. On the downside, EOS will find the first support at $4.6 while the second resistance is at the range support at $4.5.
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