Whiteblock has determined that the EOS network is not a blockchain.

Whiteblock, a blockchain testing platform that helps development organizations test the performance and development of distributed ledger technology, has stated that EOS is not a blockchain. After performing an analysis, Whiteblock concluded that EOS is just a cloud computing service.

According to researchers Brent Xu, Dhruv Luthra, Zach Cole and Nate Blakely, The EOS token is generated centrally. 

In addition, as a result of comparative testing of the EOS software, experts determined that the transaction throughput of EOS is much lower than stated.

Based on the results of the analysis of the network and source code, the following conclusions were made about the EOS software:

- EOS is not a blockchain. It is a distributed, homogeneous database management system and its transactions have no cryptographic authentication. The EOS token and RAM market is actually a cloud service in which the network provides guarantees on computing sources for clients receiving loans. 

- EOS has low throughput, consensus failures, and poor execution of the Byzantine Generals task.

During testing, Whiteblock created a replica of the EOS network to examine the network's ability to withstand specific stress situations and production errors. 

The following indicators were assessed:

1. transaction throughput

2. resistance to adverse network conditions

3. impact of variable rates and transaction sizes

4. average time until transaction completion

5. Error Resilience

EOS is described in a report by researchers as an Ethereum killer. Additionally, this study concluded that EOS is not even a blockchain. As reported by CCN, Whiteblock CTO Zach Cole stated that the goal of their study was not to prove that ETH is better than EOS, but rather to provide an accurate analysis of the EOS network to the community to properly build high-performance and functional systems.

The report also states that EOS does not completely eliminate transaction fees. Rather, these costs do not apply to application developers, and the costs of administering these applications can be very high. The EOS network is vulnerable and there is no effective implementation of game theory or additional algorithmic rules to protect the block. There is no guarantee that assets will always be available..

In other words, EOS cannot provide the throughput at the advertised level. The system does not meet the requirements for multi-billion dollar transactions.