EOS Is Now Live But That Hasn't Stopped Debate Among Crypto Critics

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After a messy weeks-long process, CoinDesk broke the news yesterday that the EOS blockchain is officially live.

Still, if you haven't been following the event closely, it might beg the question, 'What is EOS anyway?'.

It's a platform for the storing or hosting of data, except rather than using a centralized server, EOS is attempting to distribute the data in a distributed system using blockchain technology.

The idea is that, in order to be more efficient than your average blockchain, EOS reduces the number of individuals or companies that can validate transactions.

These comments point to a central issue - EOS operates differently than other blockchains.

As long-time industry observers point out, it's still not really clear who would want a blockchain that's not that decentralized.

Blockchain believers cite decentralization as a key advantage of blockchains over the existing financial system.

As these tweets show, some already have their minds made up about how EOS will work.

With EOS is ranked as the number five cryptocurrency on CoinMarketCap, there are those who remain eager to defend its vision.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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