# Report: 75% of EOS Transactions Churned By Bots

## A Chain of Unfortunate Events

EOS has been on the receiving end of
particularly bad news recently, with the Dapp getting a downgraded rating by
U.S based Weiss Ratings. The financial research firm said that EOS has a
significant centralization problem in a report published
on June 7.

The move is a rather drastic one because Weiss Ratings had just recently placed EOS besides BTC and XRP in its emerging trends report on crypto markets. At the time the firm had awarded EOS an A grade as Ethereum’s challenger and the “backbone of the new internet.”

Similarly, the blockchain platform
developed by Dan Larimer has also been called out by a BitMex Research. The
17,000-word report
further suggests that after thorough and extensive lab-based tests, EOS
real-world applications are not any different from Ethereum’s.

Its lack of decentralization has been
one of the glaring failures of the EOS platform. The BitMex Research report
settles the matter, concluding that:

“There is no proper protocol that is set up to prevent block producers from colluding to maintain their role as block producers. This further proves the high level of centralization that exists in the EOS network and the tremendous power these block producers possess.”

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