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 a launch was not going to be possible. Satoshi the world oblivious and seems to have launched bitcoin with zero fanfare. EOS, on the other hand, has launched following a yearlong $4 billion raise, having half of the crypto community and alarmed the other halfHow does Betcoin bonus 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 community. The cause of the problem appears to have been a mistake 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 that have not been thoroughly tested, forcing them to fix problems as they happen on the mainnet.
Features, Bugs, and Anomalies
Bugs should be expected when an blockchain starts while unfortunate, and bitcoin and ethereum weren’t without their issues in the early days. But there are troublesome elements of EOS which are there by design, and whose presence is more difficult to explain. There. The amount ranges based on the amount of network resources the dapp requires. Had Crypto Kitties been running on EOS at the height of the popularity of the dapp, it’s been suggested that the amount of tokens needed to operate it could have ran into the millions of dollars.
And then there’s the complexity of producing an EOS wallet. For obtaining the assistance of an existing account-holder creating an account callsbitcoin casino free play where can i host a bitcoin casino Without their input, it’s impossible for any newcomer to join the EOS ecosystem. In 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 proved to be a sticking point. Token holders were required to vote by means of a procedure that included entering their keys. Due to the risk of being duped by fake EOS dapps, most holders decided not to vote, leaving the voting process.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite all the drama, glitches, and oddities of EOS, the market has remained bullish on the blockchain of Dan Larimer. With so many holders the community is ready EOS to succeed no matter what, and no quantity of negativity — since the acronym goes or FUD — will be allowed to prevail. Even when there was a bug discovered in EOS prior to launch, followed by a bounty program’s creation and the discovery of several more bugs, the market shrugged the problems off.
The enthusiasm for all things EOS can be attributed to the need for a fast and scalable blockchain. Even the system’s most ardent supporters will concede that EOS isn’t perfect, but given the choices — a sluggish ethereum and a handful of untested and unused blockchains — there seems little alternative but to pray Block.one could prevail. With each passing play, the anti and pro EOS brigades become more firmly entrenched in their own positions. No other blockchain in the history of cryptocurrency has proven to be so polarizing. Whatever the future holds for EOS, it surely will not be dull.
Do you believe 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.
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