EOS voting structure encourages centralization

The platform is built on a delegated proof-of-stage consensus algorithm, which uses "Token-holder voting" to govern the EOS network.

The top BPs are elected by EOS token holders, who can cast their vote for up to 30 candidates.

To be eligible to vote, token holders must stake their EOS for three days.

The users then lend the total voting power of their staked tokens to each candidate they vote for.

A large number of BPs who "Haven't given anything back" neither to the EOS network nor to its community have been voted into the top 21 and top 30 producers.

Eoshuobi pool, the largest block producer by total vote size, has a vote correlation that is 72 percent similar to zbeosbp11111, 71 percent to cochainworld, 66 percent to eosbeijingbp, 64 percent to eossv12eossv, 63 percent to eosflytomars, and 62 percent to eos.

According to data from EOS Authority, the top 5 BPs sorted by total vote size are eoshuobipool, starteosiobp, eoslaomaocom, zbeosbp11111, and eosiomeetone.

Whales have a tendency to vote for a very specific selection of BPs, which can leave the remaining voting power of the community more or less useless.

An even better proof of targeted whale voting is the cochainworld BP, which has an average vote size of 19,271 votes.

Others have suggested introducing a one token one vote system, which could, in theory, end the voting collusion problem in one sense.