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There’s Never a Dull Day in EOS Land

The EOS soap opera has made for compelling viewing lately. The amount of funds and hype meant there was a launch never going to be possible. Satoshi seems to have launched bitcoin alone and the world unaware. EOS, on the other hand, has established following a 4 billion raise, having eager half of the crypto community and alerted the other half1xbitsite 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 producers tasked with running the network. The cause of the problem appears to have been an error in the latest build, obliging EOS to resort to an earlier version of the code. This raises the question of how much testing has been done on new code; it resembles Block.one is issuing updates which haven’t been thoroughly analyzed, 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 bitcoin and ethereum weren’t without their issues in the first days either. But there are troublesome aspects of EOS whose presence is harder to explain, and that are there by design. There. The amount ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been operating at the height of the popularity of their dapp, it’s been suggested that the amount could have ran into the millions of dollars.

And then there is the complexity of producing an EOS wallet. For obtaining an existing account-holder’s support, creating an account callsOshi Casino scam 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 system operate, with participants reliant on other EOS holders’ support to get the ball rolling.

Attaining the 15 percent quorum of votes to start the system also proved to be a sticking point. Token holders were required to vote via a procedure that included entering their keys. Due to the risk of being duped by fake EOS dapps, most token holders chose not to vote, leaving the procedure stuck for days at below the threshold.

EOS Oddities Have Failed to Dampen Market Enthusiasm

Despite glitches all of the drama, and oddities of EOS, the market has remained bullish on the blockchain of Dan Larimer. With so many holders the community is willing EOS to succeed no matter what, and no amount of negativity — since the acronym goes, or FUD — will be allowed to prevail. When there was a bug found prior to launch, followed by the hasty creation of a bounty program and the discovery of more bugs, the market shrugged the issues off.

The enthusiasm for all things EOS can be attributed to the demand for a scalable and rapid blockchain. Even the network’s most ardent supporters will concede that EOS isn’t 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 passing play, EOS brigades and the pro become more firmly entrenched in their own positions. No other blockchain from the background of cryptocurrency has turned out to be so polarizing. Whatever the future holds for EOS, it will not be dull.

Do you think EOS can shrug off these early setbacks and overtake ethereum as the number one blockchain for dapps?  Let us know in the comments section below.

Pictures courtesy of Shutterstock, and Twitter.

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Source: bitcoincasinoreview.net

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