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There’s Never a Dull Day in EOS Land

The EOS soap opera has made for viewing in recent weeks. The level of funds and hype invested in the project meant a soft launch was not going to be possible. Satoshi the world oblivious and seems to have launched bitcoin alone. EOS, on the other hand, alarmed the other half and has launched following a 4 billion raise, having eager half of the crypto communitybitcoin atm in casino bitcoin casino king casino bonus most recent 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’ programmers, and the 21 block producers tasked with running the community. The cause of the problem seems 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 looks like Block.one is issuing updates which have not been thoroughly tested, forcing them to resolve problems as they occur on the mainnet.

Features, Bugs, and Anomalies

While unfortunate, when an blockchain launches, bugs should be expected, and ethereum and bitcoin weren’t with their issues from the early days. But there are aspects of EOS whose existence is harder to explain, and that are there by design. There’s the high quantity of tokens that must be staked by programmers, for instance, so as to conduct EOS dapps. 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 their dapp’s popularity, it’s been suggested that the quantity could have ran into the millions of dollars.

And then there is the complexity of producing an EOS wallet. Creating an account involves obtaining an existing account-holder’s supportbetchain review It’s not possible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account creation easier, but until then, more like a system operate, with participants reliant on other EOS holders’ support to get the ball rolling.

Attaining the 15% quorum of votes to start the network also been shown to be a sticking point. Token holders were required to vote by means of a procedure that included entering their keys. Due to the possibility of being tricked by EOS dapps, most holders decided not to vote, leaving the process.

EOS Oddities Have Failed to Dampen Market Enthusiasm

The market has remained bullish on the blockchain of Dan Larimer. With so many holders invested in the project, the community is ready EOS to succeed no matter what, and no amount of negativity — or FUD since the acronym goes — will be permitted to prevail. Even when a bug was found before launch in EOS, followed by a bounty program’s hasty creation and the discovery of bugs, the market shrugged off the issues.

The enthusiasm for all things EOS can be attributed to the demand for a fast and scalable blockchain. The system’s most ardent supporters will concede that EOS is not perfect, but given the choices — a slow ethereum and a couple of untested and unused blockchains — there seems little alternative but to pray Block.one can prevail. With each play, anti EOS brigades and the pro become firmly entrenched in their own positions. No blockchain in the history of cryptocurrency has proven to be so polarizing. Whatever the future holds for EOS, it won’t be dull.

Do you think 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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Source: bitcoincasinoreview.net



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