EOS is a blockchain that prides itself in its transparent governance system. Users have many options when it comes to tracking the performance of their favorite Block Producers (BPs), with some of the bigger services including Bloks.io, EOS Authority, EOSIO Tools and Info etc. These sites provide a list of all the BPs, along with their rankings, performance, amount of votes, payouts, and much more.
There’s already enough information out there for a voter to make a well-informed decision regarding their BP choices. The reality however is that not everyone is as invested or determined to go through the trouble of digging through all this data, just for the sake of researching each BP they’d potentially vote for.
Block Producer candidate, EOS Costa Rica, has announced an application called EOS Rate which will help token holders to make the same well-informed voting decisions, but much quicker. EOS Rate is an open-source dApp that allows token holders to submit rankings based on different categories.
These categories include:
- Transparency – Compliance with disclosure of ownership, complete bp.json, use of rewards, and financial stats.
- Infrastructure – Stability and reliability of the EOS infrastructure.
- Trustiness – Collaboration and reputation among the EOS community.
- Community – Community value creation through education and promoting talks, chats, hackathons, conferences, seminars, developer spaces, and other useful content.
- Development – Technical know-how and usage of open-source software, scripts, frameworks, wallets, voting portals, metrics, etc.
It’s hard to find a Block Producer that ranks high across all these categories as most will have strengths in certain categories and be weak in others. Thus, EOS Rate will probably raise the standards for BPs as the expectations of voters continue to rise into the future of EOS governance. Now anyone can easily find a Block Producer or even a proxy that best fits their personal requirements in the direction they wish the network to take in that particular point in time.
Since EOS has a globally diverse community this application provides a platform for independent token holders to cooperate in ensuring that EOS governance is the most efficient as it can be. Anyone with deep knowledge and familiarity with a certain proxy or Block Producer can directly contribute that knowledge with the wider EOS community, essentially contributing to a more transparent and trustworthy EOS network.
Here’s how EOS Rate works:
The EOS Rate dApp is currently in beta and EOS token holder can check it out here – https://eosrate.io/. Each account can only vote but once for each of the Block Producers to try and maintain the integrity of the application. Supported wallets/sign-in options, include Ledger, Scatter, and Anchor wallets. To learn more about EOS Rate check out their blog post – EOS RATE: A RATING SYSTEM FOR THE EOS MAINNET
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