Cold Reception? How Crypto Reacted to the EOS Blockchain 'Freeze'

You may have missed it, but over the weekend, transactions on the live EOS blockchain came to a complete - yet temporary - halt.

Coming less than 48 hours after the much-anticipated blockchain network went live, the announcement kicked off a social firestorm.

Some background: the EOS launch, reported last week by CoinDesk, came at the end of a topsy-turvy period illustrated by last-minute code tweaks, an elaborate election of entities tasked with creating the network's transaction blocks, and, of course, the $4 billion EOS token sale.

Unsurprisingly, critics of EOS were quick to pounce.

That's not to say that EOS didn't have any commentators - or outright supporters - going to bat for it during the weekend debate.

It's probably safe to say that some members of the EOS community aren't too concerned about the network stoppage, given the move to repair the bug.

While EOS blocks are moving once again, it's clear there's one thing not going anywhere: the debate over the degree of centralization on the network.

What's being debated, in a broader sense, is the extent to which EOS is immune to the actions of one particular group or entity - the more centralized it is toward one of those groups, the more likely it is to face problems if that group has issues, dissolves or is attacked.

EOS block producers are the only ones who can validate transactions on the blockchain.

In response to the criticism, EOS maintains its distribution of tokens and block producers remain far from centralized, pointing to the global distribution of block producers.