Dan Larimer Proposes Revised Draft of EOS Constitution

From its turbulent mainnet launch, the EOS network faced community backlash for freezing several user accounts.

On June 26, 2018, EOS CTO Dan Larimer took to Telegram to propose a complete rehaul of the network's constitution.

On June 26, CTO of EOS and an original drafter of its constitution, Dan Larimer joined the EOS community on Telegram to propose a revised network governance model.

Without permission from the majority of token holders, the EOS network's 21 block producers froze seven accounts on June 17 - using the EOS911 Initiative to justify their executive decision and breach the blockchain's immutability.

The three groups that comprise the EOS community are the arbitrators, 21 Block Producers, and token-holders.

Larimer expressed that EOS arbitrator's authority should extend only into disputes regarding the intent of code, not the overseeing of users' assets.

Given Larimer's shared opinions, it was evident that the EOS CTO effectively suggested the complete rehaul of the network's constitution to re-balance community autonomy with block producers' and arbitrators' governing powers.

On June 27, Dan Larimer's blog post outlined the framework for his newly revised EOS constitution - stating boundaries limiting the authority of arbitrators and block producers on the network.

The new EOS constitution attempts to balance the issues surrounding account freezes and arbitrator authority with greater user autonomy, using Ricardian contracts - combining both free-form terms and code terms - to better meet the community's demands and prevent future controversy.

The revised governance model outlines the role of block producers and arbitrators, a consensus for amendment, and terms of liability and immutability on the blockchain.