There’s Never a Dull Day in EOS Land
The EOS soap opera has made for viewing in recent weeks. The amount of funds and hype invested in the project meant there was a launch never going to be possible. Satoshi appears to have launched bitcoin alone and the world oblivious. EOS, on the other hand, alerted the other half and has established following a year-long $ 4 billion raise, having half of the crypto communitybitcoin high limit casino games best bitcoin casino uk latest issue was a bug which caused block production to stop over the weekend, forcing a conference call between Block and bitcoin video casino apk.one, EOS’ developers, and the 21 block manufacturers tasked with running the network. The cause of the problem appears to have been an error in the latest obliging EOS to resort to an earlier version of the code. This raises the question of how much testing has been performed on new code; it resembles Block.one is issuing updates which haven’t been thoroughly analyzed, forcing them to resolve problems as they happen on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, when an blockchain starts, bugs should be expected, and bitcoin and ethereum weren’t without their issues from the early days either. But there are aspects of EOS that are there by design, and whose presence is harder to explain. There. The amount payable ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been operating on EOS at the height of the popularity of their dapp, it’s been suggested that the quantity of tokens required to operate it could have ran into the millions of dollars.
And then there’s the complexity of creating an EOS wallet. For obtaining an existing account-holder’s support, creating an account callsHow does Fortune Jack bonus Without their input, it’s impossible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account creation easier, but until then, more like a closed system operate, with participants reliant to get the ball rolling.
Attaining the 15% quorum of votes to start the system also been shown to be a sticking point. Token holders were required to vote via a process that included entering their keys. Due to the risk of being tricked by fake EOS dapps, most holders chose not to vote, leaving the procedure stuck for days at below the 15% threshold.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite glitches, all the drama, and oddities of EOS, the market has remained bullish on Dan Larimer’s blockchain. With so many holders the community is ready to succeed no matter what, and no quantity of negativity — since the acronym goes, or FUD — will be permitted to prevail. Even when a significant bug was discovered prior to launch, followed by the discovery of more bugs and the hasty creation of a bounty program, the market shrugged off the issues.
The enthusiasm for all things EOS can be attributed to the need for a fast and scalable blockchain. The network’s most ardent supporters will concede that EOS isn’t perfect, but given the alternatives — a slow ethereum and a handful of untested and fresh blockchains — there seems little choice but to pray Block.one can prevail. With each drama, EOS brigades and the pro become more firmly entrenched in their positions. No blockchain from cryptocurrency’s background has proven to be so polarizing. Whatever the future holds for EOS, it surely won’t be dull.
Do you believe EOS can shrug off these early setbacks and overtake ethereum as the number one blockchain for dapps? Tell us in the comments section below.
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