According to the benchmark testing conducted by the blockchain testing company Whiteblock Inc., EOS is not really a decentralized network: it is a cloud service with much lower throughput than previously advertised. The firm has also announced it will conduct a series of additional tests and broadcast them online in the course of this month.
Whiteblock has completed its comprehensive survey of the blockchain-based EOS network. The research revealed a significant divergence between the network’s actual and advertised output, the official press release reads. The study was led by Brent Xu, ConsenSys Project Lead.
In order to conduct the testing, the experts from Whiteblock created a replica of the EOS network. It was then used to test the network’s ability to withstand certain stress conditions and various faults that would be typical in a production environment. The company evaluated a number of metrics, including transactional output, resilience to adverse network conditions, the effects of variable transactions rates and sizes, average time to finality for a transaction and fault tolerance.
The testing was launched in September 2018. The initial interpretations of the resulting data suggest the following conclusions:
• EOS is not a blockchain, rather a distributed homogeneous database management system, a clear distinction in that their transactions are not cryptographically validated.
• EOS token and RAM market is essentially a cloud service where the network provides promises for computational resources in a blackbox for users to access via credits. There is no mechanism for accountability due to the lack of transparency on what Block producers are able to create in terms of computational power.
• EOS throughput is significantly lower than EOS initially claimed in marketing materials.
• EOS suffers from consensus failures and lacks Byzantine Fault Tolerance.
The first results of the study show that the real output of EOS network is by far lower than the advertised figures. Moreover, according to the press release by Whiteblock, the whole system relies on a flawed model that is not truly decentralized.
“Our Whiteblock test framework is blockchain agnostic. We’re also running performance tests on other leading blockchains, – said Neal Roche, Whiteblock CEO.
EOS main net was launched on June 6, 2018. Soon after that, various crypto enthusiasts and bounty hunters began discovering numerous vulnerabilities in what was announced as the “most powerful infrastructure for decentralized blockchain applications”. Despite all that, EOS has long been topping the innovative blockchain project rating compiled by the Chinese Center for Information and Industry Development (CCID) under the China’s Ministry of Industry and Information Technology.