EOS freezes seven accounts, violates its own constitution | finder.com

EOS freezes seven accounts, violates its own constitution

Peter Terlato 19 June 2018 NEWS

Block producers have called for a community voting solution to ratify and establish the EOSIO constitution.

The EOS blockchain has only been live for a few days and already there have been several complications and setbacks affecting the mainnet’s operations, including a potential breach of the platform’s constitution.

In a blog post on Steemit, London block producer EOS42 detailed how the current roster of block producers enacted the EOS 911 initiative after determining that a number of EOS accounts may have been compromised and unlocked – meaning they may be exposed to theft or misappropriation of funds – as a result of phishing scams occurring during the sophisticated registration process.

Given the time sensitive nature of this case, Block Producers debated this difficult decision for over two hours today on a call. On the one hand we could protect token holders, on the other this on the surface appears a dramatic overstep of our role in the constitution and BP agreement, which is to be the executor only of arbitration decisions, not to also be judge and jury.

EOS42 on the block producers’ decision to freeze seven EOS accounts

After communicating on a global conference call, the group of block producers concluded that if a ratified EOS constitution and arbitration process was in place, then what they did would have been fundamentally wrong.

“However this is not currently the case,” EOS42 said.

EOS has a working constitution and the EOS Core Arbitration Forum (ECAF) had filed a submission in relation to the implicated accounts. ECAF is supposed to provide official rulings, to be actioned by block producers.

The block producers reportedly reviewed all evidence in full and indicated that legitimate account owners both proved their ownership and signaled their compliance for the suspension of seven different EOS accounts.

The block producers froze the following EOS accounts: ge2dmmrqgene, gu2timbsguge, ge4tsmzvgege, gezdonzygage, ha4tkobrgqge, ha4tamjtguge and gq4dkmzzhege. ECAF will rule on the full due process.

The group also agreed that should any further potentially compromised accounts be unlocked before the constitution is ratified by EOS users, block producers will consider freezing and suspending these accounts.

Furthermore, ECAF eventually issued a retroactive order to freeze the potentially-exposed accounts.

Block producers have called for a community voting solution to ratify and establish the EOSIO constitution.

A number of EOS users and commentators took to social media to express their thoughts on the events.

The EOSIO blockchain platform went live late last week after attaining the minimum number of votes required to officially launch the platform. These votes determine candidates for mainnet block producers.

EOS block producers are responsible for creating blocks, file hosting, establishing back-up servers, communications, account management, hard and soft forks, account creation and fees, among other tasks.

Over the weekend, an unexpected bug stopped the EOS blockchain from functioning and the network went down for nearly five hours. The root of the problem was an issue with how deferred transactions were handled.

The EOSIO software has been created and designed to enable businesses to rapidly build and deploy high-performance and high-security blockchain-based applications, alternatively known as DApps.

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