Yesterday in the Telegram chat community EOS came the news that Block.one company-author of the EOS Protocol, is proposed to replace the current set of internal rules called the Constitution, new version.
Conceived as a “comprehensive plan for globally scalable blockchain-companies” and governed according to the written internal Constitution of the network of EOS has worked in full mode for only two weeks. However, the problem with stolen private keys already raise questions about the viability of such management models.
In particular, the Main forum for arbitration EOS (ECAF), established to resolve disputes between community members has been criticized because of the decision to freeze seven addresses (the decision was taken in order to prevent theft). The dissatisfaction of users has increased after the system showed a fake warrant, which demonstrated the vulnerability of the network even frivolous spoofing attacks.
But on Tuesday, the technical Director of EOS Dan Larimer (Dan Larimer) said he intends to end it.
In the same chat, he wrote that “the damage inflicted ECAF users, exceed any compensation that we hope to give them” and promised more to clearly Express your position in a blog; post of Larimer was published on Wednesday.
In it, the developer has offered to hold a referendum on the Constitution of the EOS; in fact, the meaning of his ideas — replacing the current Constitution with a new set of rules.
One of the participants in Telegram chat asked Larimer:
“Do I understand correctly that you propose a complete rejection of the Constitution replaced with a new one, according to which arbitrators will be able to make decisions strictly for code, not including the flaws of the plan or directly code and hacks like in DAO?”.
In response Larimer wrote only one word: “Yes.”
On Thursday there was a post on behalf of Block.one, who gave to understand that Larimer did not act alone: the Creator of EOS, had publicly supported his radical reorganization. This post first appeared the phrase “the Constitution of the EOS v2.0”.
Code is the law (almost)
Block.one explains that the Central tenet of the blockchain-industry “code is law” — are quite adequate; however, it completely ignores the fact that “bugs/unexpected error will pop up constantly, and the community need a standard procedure for recognition of the purpose of smart contracts and a quick and transparent resolution of problems with predictable outcomes.”
The company also offers “to forbid to make all arbitration decisions related to the Protocol and limit reference assessments the purpose of the code”. At the same time, ECAF and other arbitration forums will retain their authority in full in respect of contracts, provided prior consent of their counterparties on the implementation of the decision of the forum.
However, such agreements and any code in which they are provided, will be implemented only at the application level.
Ferdous Bhai (Ferdous Bhai), the founder of the company 21MIL containing reverifications node of EOS, believes that the new Constitution is “a huge step forward compared to the old.” Nevertheless, this idea seems unworkable. He said
“For any impossible thing no one else will take, for me it is the Constitution as such has no meaning.”
The majority believes otherwise, however, bhai bhai (which, by the way, the chat the EOS was announced the ban) a network of EOS is a great base for decentralized applications, and the Constitution brings only “unnecessary drama and politics.”
It is expected that soon there will be an election about the introduction of a new Constitution; however, it is necessary to clarify a number of nuances, including the risks of buying votes and how their votes will be distributed Block.one. However, the referendum will remain “unworkable”, while the developers and community do not have confidence that the network has sufficient bandwidth.
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