EOS Network has implemented a state-of-the-art governance model that aims to create a robust network capable of responding to the evolving requirements of its users. This model is built upon blockchain technology, which ensures transparency and accountability, and is geared towards facilitating swift and inclusive community participation.
Delegated Proof Of Stake (DPoS) is the underlying consensus mechanism of EOS. While anyone can run a node to fully validate the EOS blockchain in a trustless manner, only special, selected entities known as Block Producers (BPs) are allowed to produce blocks and determine the canonical blockchain. Unlike Proof Of Stake (PoS), the validating entities taking part in the consensus process, the BPs are not required to lock up tokens. Instead, individual token holders delegate their share of tokens to their preferred BP candidates. The top 21 candidates ranked by aggregate delegated token stake are selected as the active block producers.
Token holders can change their delegations at any time, and within minutes the selection of the 21 active BPs can automatically change. So the BPs only maintain their privileges for as long as the delegating token holders continue to trust them to carry out their responsibilities.
In DPoS, each active block producer has a limited time window under which they have to publish a new block. Suppose an active BP continually misses their block creation times or consistently produces blocks that are missing expected transactions. In that case, EOS token holders, using their stake, can change their delegations to replace them with better block producers that are on standby.
Below is the list of the most recent block producers MSIG. More details are always available at EOS Authority.
Date | Proposal | Executed |
---|---|---|
13 Feb 2023updateauth | Proposal updateauth by eosnationftw | |
07 Feb 2023eosio.saving | Proposal eosio.saving by larosenonaka | |
02 Feb 2023eosio.saving | Proposal eosio.saving by eosasia11111 | |
07 Nov 2022eosio.fund | Proposal eosio.fund by larosenonaka | |
14 Sep 2022v31sys | Proposal v31sys by eosnationftw | |
14 Sep 2022v31activate | Proposal v31activate by eosnationftw | |
01 Aug 2023eosio.yield | Proposal eosio.yield by eosnationftw | |
20 Dec 2021saving.xfer | Proposal saving.xfer by larosenonaka | |
12 Aug 2021setinflation | Increase EOS inflation to 3% and transfer 3.4 million EOS | |
12 Aug 2021eosio.grants | Create eosio.grants account for use by EOS Foundation |