EOS, as well as many other cryptocurrencies, face a similar problem. Most of the people who are validating the blockchain are not able to generate any profits. The problem is that the lesser-known cryptocurrencies already had less number of miners as well as proper producers. Owing to this very reason, in this downturn they are getting affected even more. One such cryptocurrency is EOS.
Can EOS blockchain operate efficiently in this downturn?
EOS has redundant block producers. However, even those block producers will not be able to generate any profits after the validation of blocks. This is one of the main reasons why the entire blockchain is in danger. The problem is if the downtrend continues, the block producers will not be able to sustain the losses. They will actually be forced to cease operations.
The problem is that if any of the cryptocurrency does not have enough miners or block producers to validate the blockchain, it will be very difficult for it to survive in such a cut-throat competition. Many cryptocurrencies and Altcoins are trying to attract the developers to their blockchain. That is why; developers will be Swift to move from the ones which have problems.