BlockchainKid Proposes A Whistleblower Program That Could Reduce The Corruption On The EOS Network

The EOS network is experiencing a little internal conflict. Huobi is currently caught in a twist in the network of EOS. Recently, Huobi was accused of conspiring with the block producers on the network of EOS and trading its voting right for a series of rewards. As earlier reported by Smartereum, this issue has led the parent company of EOS – Block.one, to make moves towards stopping block producers from forming voting cartels.

BlockchainKid Proposes A Game Changer Solution To the Issues Of EOS

Recently, an independent observer of the community released details on a whistleblower program that could put an end to the corruption issue that is currently being faced in the network. The independent EOS community observer goes by the name BlockchainKid. BlockchainKid is the creator of Mereo – a block producer rating platform.

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The solution proposed by BlockchainKid mimics the whistleblower program of the U.S SEC (Securities and Exchange Commission). The developer calls the program ‘WHISPER,” and he used the same model as the U.S SEC monitors banking institutions. The model used by the U.S SEC rewards whistleblowers for their bravery and courage to report malicious activities by their employers.

The program rewards and protects people that provide useful information related to the violation of security laws and other malicious activities.

BlockchainKid said that due to the difficulties of integrating this practice into a blockchain ecosystem, the EOS Foundation should use the delegated Proof of Stake protocol of EOS as a starting point. Nevertheless, for this program to run effectively, it must be governed by independent and trusted members, according to BlockchainKid. If managed by the appropriate committee, WHISPER can greatly improve trust in the ecosystem of EOS.

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EOS Price Today – EOS / USD

Name Price24H (%)
EOS (EOS)
$5.42
-0.35%

At the time of writing, the fifth largest digital currency in the world is trading at $5.83 after a decrease of less than two percent over the past twenty-four hours. EOS currently boasts of a market cap of $5.28 billion with a trading volume of $550.02 million over the past twenty-four hours.


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