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There’s Never a Dull Day in EOS Land

The EOS soap opera has made for viewing lately. The level of hype and funds invested in the project meant a soft launch was not going to be possible. Satoshi the world unaware and appears to have launched bitcoin alone. EOS, on the other hand, has launched following a year-long $4 billion raise, having eager half of the crypto community and alerted the other halfCloudBet rating 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 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 this code. This raises the question of how much testing has been done on new code; it looks like Block.one is issuing updates that have not been thoroughly tested, forcing them to resolve problems as they occur on the mainnet.

Features, Bugs, and Anomalies

While unfortunate, when an entirely new blockchain starts bugs should be expected, and bitcoin and ethereum weren’t without their issues from the first days. But there are aspects of EOS whose existence is more difficult 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 on EOS at the height of their dapp’s popularity, it has been suggested that the amount of tokens required to operate it could have ran into the millions of dollars.

And then there’s the complexity of producing an EOS wallet. Creating an account calls for obtaining the support of ancasino bitcoin casino review gtbetseu bitcoin casino 1344×689 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 on EOS holders’ support to get the ball rolling.

Attaining the 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 private keys. Due to the possibility of being tricked by EOS dapps, most holders chose not to vote, leaving the voting process.

EOS Oddities Have Failed to Dampen Market Enthusiasm

Despite glitches, the drama, and oddities of EOS, the market has remained bullish. With so many token holders invested in the project, the community is willing to succeed no matter what, and no quantity of negativity — since the acronym goes, or FUD — will be allowed to prevail. When a bug was discovered prior to launch in EOS, followed by the hasty creation of a bounty program and the discovery of more bugs, the market shrugged off the issues.

The enthusiasm for all things EOS can partially be attributed to the need for a scalable and fast blockchain. Even the network’s most ardent supporters will concede that EOS is not perfect, but given the alternatives — a sluggish ethereum and a handful of untested and unused blockchains — there seems little alternative but to pray Block.one can prevail. With each passing drama, the pro and anti EOS brigades become more entrenched in their own positions. No blockchain in cryptocurrency’s history has turned out to be so polarizing. Whatever the future holds for EOS, it certainly 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.

Images courtesy of Shutterstock, and Twitter.

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