Testing carried out by benchmarking firm Whiteblock has come to an interesting conclusion.
The firm argued:
“EOS is fundamentally the same as a centralized cloud computing architecture [client/server] without the fundamental components of a blockchain or peer-to-peer network.”
The tests were carried out in a laboratory setting where Whiteblock ran a replica of EOS, according to reporting from TheNextWeb.
The company wrote that the experimentation and testing “…provides a thorough and objective model of [EOS’] design, performance, and economics.”
Testing For Multiple Months
Whiteblock said the tests, which were commissioned by ConsenSys, began in September and lasted for two months.
The firm made a point to note how EOS transactions “are not cryptographically validated.” A big portion of Whiteblock’s paper set out to prove how there is nothing to stop block producers from colluding to maintain their positioning.
As a result, Whiteblock argues the EOS network can be controlled by members who collude and act in a rogue fashion.
Additionally, the research suggested the amount of transactions EOS is able to process was actually lower than what was claimed in marketing.
Benchmarks from Whiteblock said with optimal settings, transaction speed did not ever exceed 250 per second. TheNextWeb reported how the general belief is “…the current maximum throughput of EOS is around 4,000 TPS.”
Open for More Research
ConsenSys said they would take the findings from Whiteblock to craft reports for partners like Ledger Capital, Microsoft, and Google. Academic institutions like MIT and USC have reportedly also pledged resources for more research, while Whiteblock said they would livestream EOS’ benchmark tests in November.
Some of the sentiments Whiteblock discussed were also picked up by BHB Network founder Giacomo Zucco in an interview where he went over his top 20 cryptocurrencies.
Zucco explained that the architecture of EOS is “…centralized and, unlike Ripple or Ethereum guys, they don’t pretend to be much more decentralized than they are.”