The EOS Arbitrator Problem: A Crypto Governance Breakdown Explained

«They have to figure their own shit out.»

Those were the harsh words of one of EOS' top «block producers» – the network participants in charge of maintaining the blockchain – on Monday as the world's fifth largest cryptocurrency attracted public ridicule for its current state of confusion.

As told to CoinDesk by Kevin Rose, co-founder and head of strategy at EOS New York, the statement could reflect the broader snags the software has faced since release, but this comment was focused specifically on the EOS Core Arbitration Forum (ECAF).

So far, it seems many both inside and outside the EOS community aren't clear what ECAF, the main body tasked with resolving disputes between token holders on the network, is and what control it has over transactions.

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EOS' Blockchain Arbitrator Orders Freeze of 27 Accounts

EOS, the blockchain network that has been live for just over a week, is raising eyebrows for its unconventional approach to governance – again.

In an «Emergency Measure of Protection Order» dated June 22, the EOS Core Arbitration Forum (ECAF) – a body set up to resolve disputes in the community – directed the block producers that maintain the EOS ledger to not process transactions from 27 different wallet addresses.

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EOS Is Launched But Not Yet Live – Why?

Visit any EOS Telegram channel and some version of this question will pop up again and again: Is the mainnet live yet?

While the EOS blockchain technically launched on June 10 at 13:00 UTC, the answer to that question is effectively no. That's because the crypto tokens created by's $4 billion EOS initial coin offering (ICO) are locked up until the network elects 21 «block producers» (the equivalent of miners for the new network), and as that still hasn't happened, currently no one can start using EOS just yet.

As it stands, the blockchain will go live if 15 percent of all tokens – an equivalent of 150 million – are «staked» in a vote on block producer candidates. Staking tokens allows EOS holders to vote for up to 30 block producers – the groups in charge of verifying transactions – and votes are weighted by how many tokens are staked.

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Where's EOS? Rival Groups Now Competing to Launch Official Blockchain

The ongoing blockchain launch for the hotly anticipated token project EOS is becoming a bit more complicated.

No, this isn't the product of a hard fork, whereby users weren't able to work out their differences. In the case of EOS, it's blockchain, set to launch over the weekend, still hasn't even been created. Now, amidst an elaborate, global rollout, two competing groups of EOS enthusiasts are testing different versions of the software, each seeking to issue the most widely used version.

That this is possible is largely the result of a company called, the startup that developed the EOS software after raising more than $4 billion in a token sale. Upon completion of the code, the company opted for an unorthodox choice, effectively turning it over to its global users, who are tasked with launching the chain.

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Days After Launch, the EOS Blockchain Still Isn't Live

Days after first initiating its launch in an unorthodox, distributed process, the EOS blockchain isn't yet live, but so far, the software appears to be progressing toward that goal without major issues.

As profiled by CoinDesk, after raising a reported $4 billion over the last year to create the software necessary to launch the blockchain, the company that created it is leaving it to its community to actually get it off the ground. That doesn't mean there haven't been material updates, however, or that, the company in question, hasn't been involved in the initial booting effort.

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How to Watch the EOS Blockchain Launch

Block.One is giving away its $4 billion code this weekend and it's anyone's guess what will happen next.

As profiled by CoinDesk, EOS is set to launch sometime soon, though the company that built its code is going out of its way to prove the software really will be open-source. This means it isn't even designating an official launch. Rather, it's up to potential users to take it from there (whether that results in chaos or not).

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The EOS Blockchain Launch: What Should Happen (And What Could Go Wrong)

The world's fifth most valuable cryptocurrency is set to formally release its software this weekend.

First announced in 2017, the EOS project has been fundraising for nearly a year, raising a reported $4 billion in what many are claiming is the largest amount ever collected by a team creating a custom cryptocurrency. As such, the launch, expected for Saturday, has come with no shortage of hype.

The fervor around the unveiling is, in part, due to the diverse discussions long surrounding the project. As detailed by CoinDesk, EOS has long been a target of criticism for its vision and execution, though it has attracted advocates who believe it offers a decentralized alternative to the cloud hosting services that currently dominate the lucrative market for data storage.

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EOS Is Coming, If Anyone Can Figure Out How to Vote

After a year-long initial coin offering (ICO), what has perhaps become the most hotly anticipated blockchain is scheduled to launch on June 2.

That blockchain is EOS, which has raised more than $2 billion in its token sale for, the company that created what's being touted as a dramatically more scalable and user-friendly version of today's blockchains. Those assertions rest on the project's consensus algorithm, delegated proof-of-stake (dPoS), whereby a set number of nodes – in the EOS case, 21 – will be chosen to act as validators (or «block producers»).

These nodes will take turns verifying blocks at a rapid clip, with each one taking a turn every three seconds or so. The idea is that with only a few validators it becomes easy to process lots of transactions very quickly (although there have been critics of these claims).

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