New Whiteblock Research Casts Doubt on EOS Claims, Says EOS is "Not a Blockchain"

Blockchain testing solutions provider Whiteblock has announced the successful completion of the first ever independent test of the EOS platform, throwing up a set of results with potentially seismic implications for the network, which has been marketed as the "Ethereum killer" as well as the wider cryptosphere.

Released on November 1, 2018, the report titled "EOS: An Architectural, Performance and Economic Analysis" says that EOS is not a blockchain at all, but rather a "Distributed homogeneous database."

According to the announcement, the EOS test results show a significant difference in actual performance versus reported performance when measuring transaction throughput under "Realistic network conditions".

Organized by the Bounties Network and led by Consensys Project Lead Brent Xu, the study was intended to ascertain the veracity of claims made by EOS regarding it speed, scalability and transaction throughput against a backdrop of blockchain companies making unverified claims about these statistics.

The test measured the performance of the EOS network in terms of its transactional throughput, its resilience to adverse network conditions, the effects of variable transactions rates and sizes on the network, its average transaction time, its fault tolerance, and its partition tolerance.

Launched in September 2018, the two-month long test saw Whiteblock observe the behavior of the EOS network under a wide variety of environments and conditions to confirm the true capabilities of the network.

The results announced by Whiteblock are nothing short of shocking, with reverberations sure to extend through the EOS community and the wider crypto world as the implications sink in.

According to Whiteblock, the EOS network has no effective accountability due to an absence of transparency in terms of how much block producers can create.

Whiteblock also stated that the throughput of EOS is much lower than was claimed in its marketing materials, which is compounded by the network's consensus failures and lack of Byzantine Fault Tolerance.

Concluding the statement, Whiteblock informed interested parties that an invitation-only live stream of the EOS benchmark tests will hold in November.