On Tuesday, Block.one announced that Google Cloud will become a block producer candidate for the EOS public blockchain. In other words, Google Cloud will run a node if sufficient EOS token holders vote for it. Block.one also announced Martin Chavez, the ex CIO at Goldman Sachs, will become its Advisory Board chair.
Block.one raised more than $4 billion from the EOS ICO in 2018.
Many have commented that EOS isn’t sufficiently decentralized. A dynamic set of 21 nodes get to decide what is written to the blockchain. By limiting the number of nodes that need to reach consensus (using delegated proof of stake), performance is enhanced. These block producers take on a similar role to miners in proof of work blockchains such as Bitcoin and Ethereum.
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