There’s Never a Dull Day at EOS Land
The EOS soap opera has made for compelling viewing lately. The level of hype and funds invested in the project meant there was a soft launch not going to be possible. Satoshi the world unaware and seems to have launched bitcoin alone. EOS, on the other hand, alarmed the other half and has established following a yearlong $ 4 billion increase, having half of the crypto communitya href=”https://bitcoincasinoreview.info/zigzag777-casino-review”>zigzag777 casino no deposit bonus codes 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 build, obliging EOS to resort to an earlier version of this code. This raises the question of how much testing is being performed on new code; it resembles Block.one is issuing updates that haven’t been thoroughly tested, forcing them to fix problems as they happen on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, bugs should be expected when an entirely new blockchain starts, and bitcoin and ethereum weren’t without their issues in the first days. But there are troublesome aspects of EOS whose presence is harder to explain, and which are there by design. There’s the high quantity of tokens that have to be staked by programmers, for example, so as to conduct EOS dapps. The amount ranges based on the amount of network resources the dapp requires. Had Crypto Kitties been operating on EOS at the height of the dapp’s popularity, it has been suggested that the quantity of tokens needed to operate it could have ran into the millions of dollars.
And then there is the complexity of creating an EOS wallet. For obtaining an existing account-holder’s support creating an account callsBest best paying bitcoin casino Without their input, it’s not possible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account production 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 launch the network 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 duped by EOS dapps, most token holders chose not to vote, leaving the voting procedure.
EOS Oddities Have Failed to Dampen Market Enthusiasm
The market has remained bullish on the blockchain of Dan Larimer. With so many token holders invested in the project, the community is ready to succeed no matter what, and no amount of negativity — since the acronym goes or FUD — will be permitted to prevail. When a bug was found before launch in EOS, followed by a bounty program’s hasty creation and the discovery of many more bugs, the market shrugged off the problems.
The enthusiasm for all things EOS can be attributed to the need for a scalable and fast 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 drama, EOS brigades and the pro become more firmly entrenched in their positions. No other blockchain in 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? Tell us in the comments section below.
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